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REG - DX (Group) PLC - Board Appointments

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RNS Number : 0829S  DX (Group) PLC  12 July 2022

AIM: DX.

DX (Group) plc

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

 

Appointment of Non-executive Directors

 

DX is pleased to announce the appointments of Jonathan ("Jon") Kempster, ACA,
and Michael ("Mike") Russell, FCCA to the Board as non-executive directors,
with immediate effect. Jon Kempster has been appointed as Chair of the Audit
& Risk Committee and Mike Russell has been appointed as Chair of the
Remuneration Committee. Brief biographical details are provided below. Both
Directors are deemed to be independent.

 

Jon Kempster

 

Jon has over 30 years' senior financial and commercial experience, including
as Group Finance Director of industry-leading FTSE-listed companies across a
number of sectors, including logistics, retail, and manufacturing. Most
recently, he was Finance Director of Frasers Group plc, the retail group and,
before that, Group Finance Director of Wincanton plc, the logistics provider.
He is currently Non-executive Director of Redcentric plc, the IT managed
services provider, Ted Baker plc, the fashion retailer, Bonhill Group plc, the
B2B media business, Fireangel Safety Technology plc, the home safety products
group, and Serinus Energy plc, the international oil and gas company. He is
also a Trustee of the Delta plc pension plan. Jon will step down from the
Board of Redcentric plc in July 2022.

 

Mike Russell

 

Mike has over 35 years' experience in leadership and financial roles with
major companies. During his executive career, he was Chief Executive of Prize
Food Group plc, the food production group, Group Finance Director of Nurdin
and Peacock plc, the food wholesaler, and Finance Director of Asda Stores
Limited, the supermarket subsidiary of Asda Group plc. He has significant
experience of the logistics industry, having been a non-executive director of
Clipper Group plc, the retail logistics firm, for almost 10 years. During this
time, he was Chair of the Audit and Risk Committee and the Remuneration
Committee and a member of the Nomination Committee.

 

Ron Series, Chairman of DX (Group) plc, said,

 

"I am very pleased to welcome Jon and Mike to the Board as independent
non-executive directors.  They bring many years of C-Suite experience at both
a financial and commercial level and both have significant experience of the
logistics industry. We look forward to working with them."

 

 

This announcement contains inside information for the purposes of Market Abuse
Regulation (Regulation (EU) No. 596/2014) as retained and applicable in the UK
pursuant to S3 of the European Union (Withdrawal) Act 2018 ('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.

 

 

AIM Rules, Schedule 2(g) disclosures:

 

The following disclosures are made in accordance with Schedule 2(g) of the AIM
Rules.

 

Jonathan Kempster, aged 59, holds or has held, within the last five years, the
following directorships and partnerships:

 

 Current directorships/partnerships     Past directorships/partnerships
 Independent Trustees Services Limited  Frasers Group plc

 Serinus Energy plc                     FireAngel Safety Technology Limited

 FireAngel Safety Technology plc        Sportsdirect.com Retail Limited

 Bonhill Group plc                      The Flannels Group Limited

 Ted Baker plc                          Republic.com Retail Limited

 Redcentric plc                         JVM Limited

 Delta Pension Nominees Limited         Portcentric Solutions Limited

                                        JVM Equipment Limited
                                        JVM AG

 

Jon Kempster does not have any beneficial interest in the ordinary shares of
the Company.

 

Michael John Russell, aged 71, holds or has held, within the last five years,
the following directorships and partnerships:

 

 Current directorships/partnerships  Past directorships/partnerships
 SONHOS307 Limited                   Clipper Logistics plc

 Cheviot Foods Limited(1)            Kendrick Gate Management Company Limited

 Headland Foods Limited(2)

 Prize Food Group Limited(3)

 Prepared Foods Group Limited(4)

 Prize H(5)

 

1. On 18 December 2001, Mike Russell was appointed as a director of Cheviot
Foods Limited. Cheviot Foods Limited went into administration on 30 September
2008. The directors' statement of affairs dated 30 September 2008 showed an
estimated deficiency as regards creditors of £12,831,000. Cheviot Foods
Limited moved from administration to creditors' voluntary liquidation on 28
August 2009.

 

2. On 18 December 2001, Mike Russell was appointed as a director of Headland
Foods Limited. Headland Foods Limited went into Creditors' Voluntary
Liquidation on 13 March 2013. The directors' statement of affairs dated 13
March 2013 showed an estimated deficiency as regards creditors of
£30,591,460.00. Under the liquidation, a first dividend of 10.46p in the
pound was paid to unsecured creditors on 29 April 2013 with a second and final
dividend of 2.99p in the pound paid on 29 July 2013. The two dividends paid to
unsecured creditors totalled £4,764,558. Headland Foods Limited was
subsequently dissolved on 12 March 2014. The company was restored to the
Register of Companies by order of court on 18 February 2021 and therefore Mr
Russell was reinstated as a director without his prior knowledge. Mr Russell
has no involvement in the company and is in the process of formally resigning
from the company.

 

3. On 12 March 1997, Mike Russell was appointed as a director of Prize Food
Group Limited. Prize Food Group Limited went into Creditors' Voluntary
Liquidation on 13 March 2013. The directors' statement of affairs dated 13
March 2013 showed an estimated deficiency as regards creditors of £765,000.
Under the liquidation, no dividend was declared to creditors as the funds
realised were distributed, used or allocated for defraying the expenses of the
administration. Prize Food Group Limited was subsequently dissolved on 29
January 2014. The company was restored to the Register of Companies by order
of court on 26 March 2021 and therefore Mr Russell was reinstated as a
director without his prior knowledge. Mr Russell has no involvement in the
company and is in the process of formally resigning from the company.

 

4. Prepared Foods Group Limited was restored to the Register of Companies by
order of court on 28 June 2021 and therefore Mr Russell was reinstated as a
director without his prior knowledge. Mr Russell has no involvement in the
company and is in the process of formally resigning from the company.

 

5. Prize H was restored to the Register of Companies by order of court on 27
February 2021 and therefore Mr Russell was reinstated as a director without
his prior knowledge. Mr Russell has no involvement in the company and is in
the process of formally resigning from the company.

 

Mike Russell does not have any beneficial interest in the ordinary shares of
the Company.

 

In addition, the following disclosures regarding Mike Russell are made:

 

·      On 12 September 1994, Mike Russell was appointed as a director of
Mark-One (Oxford Street) plc. Mark-One (Oxford Street) plc went into
administration on 16 February 1996 and subsequently went into creditors'
voluntary liquidation on 11 August 1998. Mark-One (Oxford Street) plc was
dissolved on 20 January 2004. The directors' statement of affairs dated 11
August 1998 showed an estimated deficiency as regards creditors of
£7,744,904. Under the liquidation, a first dividend of 15p in the pound was
paid to unsecured creditors, a second dividend of 20p in the pound was paid to
unsecured creditors with a third and final dividend of 2.937p in the pound
paid on claims totalling £10,716,758.90. The three dividends paid to
unsecured creditors totalled £4,063,679.14. Mark-One (Oxford Street) plc was
subsequently dissolved on 20 January 2004.

 

·      On 18 December 2001, Mike Russell was appointed as a director of
Prize Holdings Limited. Prize Holdings Limited went into creditors' voluntary
liquidation on 13 March 2013. The directors' statement of affairs dated 13
March 2013 showed an estimated deficiency as regards creditors of £657,710.
Under the liquidation, a first and final dividend of 3.6p in the pound was
paid to unsecured creditors on 30 July 2013. Prize Holdings Limited was
subsequently dissolved on 21 February 2014.

 

There is no further information disclosable in respect of Jon Kempster or Mike
Russell pursuant to Schedule 2(g) of the AIM Rules for companies.

 

 

 

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