Grant of share award and PDMR notification
06/04/2023 12:29
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RNS Number : 6651V DX (Group) PLC 06 April 2023
AIM: DX.
DX (Group) plc
("DX", or the "Company")
Grant of share award and PDMR notification
DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, announces details of the grant of an
additional award ("Recovery Award") pursuant to the Company's Performance
Share Plan 2017 (the "PSP").
On 5 April 2023, Paul Ibbetson, Chief Executive Officer and a person
discharging managerial responsibility of the Company ("PDMR"), received a
Recovery Award of 2,000,000 options over ordinary shares of 1 pence each in
the Company ("Ordinary Shares") granted under the PSP. This Recovery Award has
an exercise price of 1 pence per Ordinary Share and is subject to continued
employment and share price targets. The threshold share price vesting target
is 30 pence per Ordinary Share with the target for maximum vesting of 40 pence
per Ordinary Share. Following this award, Paul Ibbetson has a total of
6,447,385 unvested options as a result of Recovery Awards under the PSP.
The notification below, which has been made in accordance with the
requirements of the Market Abuse Regulation, provides further detail.
Following the grant of this Recovery Award, there are options outstanding over
35,466,708 Ordinary Shares, representing 5.86% of the Company's issued share
capital.
Enquiries:
DX (Group) plc
www.dxdelivery.com
Mark Hammond, Chairman T: 020 3178 6378
Paul Ibbetson, 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
Nick How/William Hall
KTZ Communications T: 020 3178 6378
Katie Tzouliadis/Robert Morton
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.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Paul Ibbetson
2. Reason for the notification
a) Position/status: Chief Executive Officer
PDMR
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name: DX (Group) plc
b) LEI: 213800LA2YGSOFIYIH95
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument: Ordinary Shares of 1p nominal value
Identification code: GB00BJTCG679
b) Nature of the transaction: Grant of options over Ordinary Shares
c) Price(s) and volume(s): Price(s) pence Volume(s)
Nil 2,000,000
d) Aggregated information: Single transaction as in 4 c) above
Price(s) pence Volume(s)
· Aggregated volume: Nil 2,000,000
· Price:
e) Date of the transaction: 5 April 2023
f) Place of the transaction: Off market transaction
d)
Aggregated information:
· Aggregated volume:
· Price:
Single transaction as in 4 c) above
Price(s) pence Volume(s)
Nil 2,000,000
e)
Date of the transaction:
5 April 2023
f)
Place of the transaction:
Off market transaction
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