REG - DX (Group) PLC - Suspension of Trading on AIM

DX (Group)Announcement

04/01/2022 07:01

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RNS Number : 2375X  DX (Group) PLC  04 January 2022

 

AIM: DX.

DX (Group) plc

("DX" or "the Group" or "the Company")

Suspension of trading on AIM pending publication of 2021 Annual Report &
Accounts

DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, provides the following update in relation to
its Report & Accounts for the financial year ended 3 July 2021 ("Annual
Report").

 

As detailed in the Company's announcement of 25 November 2021, the Company's
Audit & Risk Committee recently raised a corporate governance inquiry
relating to an internal investigation, which commenced during the financial
year ended 3 July 2021. Whilst the inquiry is progressing steadily, it has
yet to be concluded.

As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the
Company was required to publish its audited Annual Report by 2 January 2022.
As it was not in a position to do so, trading in the Company's Ordinary Shares
on AIM will be suspended with effect from 7.30 a.m. on 4 January 2022 pending
publication of the Annual Report.

Suspension from trading will be lifted with the publication of the Annual
Report.

Notwithstanding the temporary suspension of trading in the Company's Ordinary
Shares, the Company will continue to make announcements as and when there are
any developments that require announcement in accordance with its obligations
under the AIM Rules.

 

Enquiries:

 

 DX (Group) plc                                              www.dxdelivery.com
 Ron Series, Chairman                                        T: 020 3178 6378
 Lloyd Dunn, Chief Executive Officer                          (c/o KTZ Communications)

 David Mulligan, Chief Financial Officer

 finnCap (Nominated Advisor and Joint Broker to DX)          T: 020 7220 0500
 Matt Goode/Simon Hicks (Corporate Finance)

 Andrew Burdis/Charlotte Sutcliffe (Corporate Broking)

 Liberum (Joint Broker to DX)                                T: 020 3100 2000
 Robert Morton/Nick How/William Hall

 KTZ Communications                                          T: 020 3178 6378
 Katie Tzouliadis/Dan Mahoney

 

About DX (Group) plc:

 

DX is a well-established provider of a wide range of delivery services to both
business and residential addresses across the UK and Ireland. First
established in 1975 as a Document Exchange service to the legal sector, DX now
provides one of the widest ranges of overnight delivery services in the
market, as well as logistics services. Items that DX transports range from
confidential documents and valuable packages to large, awkward-to-handle
freight, unsuitable for automated conveyor.

 

DX Freight: comprises DX 1-Man, DX 2-Man and Logistics. The Division
specialises in the delivery of irregular dimension and weight freight ("IDW").

 

DX Express: comprises DX Parcels and DX Exchange and Mail.  The Division
specialises in the express delivery of parcels and documents.

 

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