Grant of share awards and PDMR shareholding
08/03/2023 08:03
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RNS Number : 2122S DX (Group) PLC 08 March 2023
AIM: DX.
DX (Group) plc
("DX", or the "Company")
Grant of share awards and PDMR notification
DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, announces details of the grant of additional
awards ("Recovery Awards") pursuant to the Company's Performance Share Plan
2017 (the "PSP").
On 3 March 2023, David Mulligan, Chief Financial Officer and a person
discharging managerial responsibility of the Company ("PDMR"), received a
Recovery Award of 1,000,000 options over ordinary shares of 1p each in the
Company ("Ordinary Shares") granted under the PSP. Following this award, David
Mulligan has a total of 3,056,721 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.
In addition to David Mulligan, on 3 March 2023 the Company granted Recovery
Awards under the PSP to 28 existing participants and to 18 new participants
together totalling 14,599,937 options over Ordinary Shares.
Following the grant of these Recovery Awards, there are options outstanding
over 33,466,708 Ordinary Shares, representing 5.53% 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/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.
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: David Mulligan
2. Reason for the notification
a) Position/status: Chief Financial 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 1,000,000
d) Aggregated information: Single transaction as in 4 c) above
Price(s) pence Volume(s)
· Aggregated volume: nil 1,000,000
· Price:
e) Date of the transaction: 3 March 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 1,000,000
e)
Date of the transaction:
3 March 2023
f)
Place of the transaction:
Off market transaction
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