REG - DX (Group) PLC - Appointment of Auditor

DX (Group)Announcement

14/06/2022 07:00

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RNS Number : 7208O  DX (Group) PLC  14 June 2022

AIM: DX.

DX (Group) plc

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

 

Appointment of New Auditor

DX is pleased to announce that PKF Littlejohn LLP ("PKF") has been appointed
as the Company's new auditor, with the appointment taking effect
immediately.

 

PKF will commence the audit of the Company's report and accounts for the
financial period ended 3 July 2021 (the "2021 Audit") without delay, and will
commence the audit of the Group's financial statements for the current
financial year ending 2 July 2022 as soon as practicable.

 

Once the Company and PKF have agreed the 2021 Audit timetable, the Company
will commence discussions with AIM, through its NOMAD, finnCap, to seek a
derogation from AIM Rule 41 in order to allow time for the 2021 Audit to be
completed and for AIM Rule 19 to be complied with. As noted in the Company's
announcement on 10 May 2022, AIM Rule 19 requires the Company's accounts for
the financial period ended 3 July 2021 to be published and sent to
shareholders without delay and, in any event, not later than six months after
the end of the financial year to which the accounts relate. The Company's
failure to comply with that Rule resulted in the suspension in trading in the
Company's shares on 4 January 2022 under AIM Rule 40.  AIM Rule 41 provides
London Stock Exchange plc (as the operator of AIM) with the ability to cancel
admission of the Company's shares to trading on AIM where an AIM company's
shares have been suspended for six months.

 

Further updates regarding the completion of the 2021 Audit will be made as
required.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

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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