Issue of Equity and Total Voting Rights
12/01/2023 14:25
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RNS Number : 5810M DX (Group) PLC 12 January 2023
12 January 2023
AIM: DX.
DX (Group) plc
("DX", or the "Company")
Issue of Equity and Total Voting Rights
DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, announces that on 10 January 2023 it received
a notification of exercise from Lloyd Dunn, a former Director, in relation to
the exercise of 26,534,767 share options ("Options") over ordinary shares of
1p each in the Company ("Ordinary Shares") at an exercise price of 1.0 pence
(the "Exercise") pursuant to the Company's Performance Share Plan 2017 (the
"PSP").
Accordingly, following net settlement of these Options, application has been
made for a total of 13,578,480 new Ordinary Shares to be issued to be admitted
to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m.
on or around 18 January 2023.
The new Ordinary Shares will rank pari passu with the existing shares of the
Company. Following Admission, the Company's issued share capital consists of
597,217,387 Ordinary Shares, each with voting rights. Accordingly, the figure
of 597,217,387 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Following the Exercise, there are options outstanding over 32,313,680 Ordinary
Shares, representing 5.4% of the Company's enlarged issued share capital.
Enquiries:
DX (Group) plc
www.dxdelivery.com (http://www.dxdelivery.com)
Mark Hammond, Executive Chairman T: 020 3178 6378
David Mulligan, Chief Financial Officer (c/o KTZ Communications)
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/ 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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