REG - DX (Group) PLC - PDMR Dealings

DX (Group)Announcement

25/01/2024 13:15

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RNS Number : 9410A  DX (Group) PLC  25 January 2024

AIM: DX.

DX (Group) plc

("DX", or the "Company")

 

Exercise of options under PSP and SAYE schemes, Director/PDMR Shareholding,
Issue of Equity and

Total Voting Rights

 

Exercise of PSP options

 

DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, announces that options over a total of
36,430,439 ordinary shares of 1.0 pence each (the "Ordinary Shares") were
exercised today under the DX 2017 Performance Share Plan ("PSP"), at an
exercise price of 1.0 pence.

 

David Mulligan, Chief Financial Officer and a person discharging managerial
responsibility of the Company ("PDMR"), exercised options over 3,347,750
Ordinary Shares under the PSP. Paul Ibbetson, Chief Executive Officer and also
a PDMR, exercised options over 6,661,454 Ordinary Shares under the PSP. The
balance of the PSP options were exercised by 54 other employees and former
employees of the Company.

 

Exercise of SAYE options

Also today, options over a total of 4,635,054 Ordinary Shares were exercised
under the DX 2021 Save As You Earn ("SAYE") Scheme, at an exercise price of
25.82 pence.  Additionally, options over a total of 1,233,151 Ordinary Shares
were exercised under the DX 2023 SAYE Scheme at an exercise price of 24.34
pence.

David Mulligan exercised options over 34,856 Ordinary Shares in the DX 2021
SAYE Scheme and options over 10,271 Ordinary Shares in the DX 2023 SAYE
Scheme. Paul Ibbetson exercised options over 34,856 Ordinary Shares in the DX
2021 SAYE Scheme and options over 10,271 Ordinary Shares in the DX 2023 SAYE
Scheme. Mark Hammond, Non-executive Chairman and a PDMR, exercised options
over 10,271 Ordinary Shares in the DX 2023 SAYE Scheme. The balance of the
SAYE options were exercised by other employees of the Company.

 

Following the exercise of the PSP options and SAYE options, David Mulligan has
a total beneficial shareholding of 7,644,750 Ordinary Shares, representing
approximately 1.18% of the Company's enlarged issued share capital ("EISC"),
Paul Ibbetson has a total beneficial shareholding of 10,532,622 Ordinary
Shares, representing approximately 1.63% of the Company's EISC and Mark
Hammond has a total beneficial shareholding of 710,271 Ordinary Shares,
representing approximately 0.11% of the Company's EISC.

 

The notifications below, which have been made in accordance with the
requirements of the Market Abuse Regulation, provide further detail.

 

Issue of Equity

Accordingly, following settlement of these PSP and SAYE options, application
has been made for a total of 42,298,644 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 26 January 2024.

 

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
647,199,135 Ordinary Shares, each with voting rights. Accordingly, the figure
of 647,199,135 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 no options outstanding under either the PSP
or SAYE schemes.

 

Enquiries:

 DX (Group) plc

 www.dxdelivery.com
 Paul Ibbetson, Chief Executive Officer                                  T: 020 3178 6378

 David Mulligan, Chief Financial Officer                                 (c/o KTZ Communications)

 Moelis & Company UK LLP (Lead Financial Adviser to DX)                  T: 020 7634 3500
 Mark Aedy, Yorick van Slingelandt, Chris Raff

 Liberum Capital Limited (Nominated Adviser and Joint Broker to DX)      T: 020 3100 2000
 Nick How

 KTZ Communications (PR Adviser to DX)                                   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:                                                         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:  Options over Ordinary Shares of 1p

                 Identification code:                                          GB00BJTCG679
 b)              Nature of the transaction:                                    Exercise of options under the 2017 PSP, 2021 SAYE Scheme and 2023 SAYE Scheme
 c)              Price(s) and volume(s):                                       Exercised resulting in issue of equity:

Price(s) pence  Volume(s)
                                                                               1.00            3,347,750
                                                                               25.82           34,856
                                                                               24.34           10,271
 d)              Aggregated information:                                       See 4 (c) above

                 ·      Aggregated volume:

                 ·      Price:
 e)              Date of the transaction:                                      25 January 2024
 f)              Place of the transaction:                                     Off market transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4 (c) above

e)

Date of the transaction:

25 January 2024

f)

Place of the transaction:

Off market transaction

 

 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:  Options over Ordinary Shares of 1p

                 Identification code:                                          GB00BJTCG679
 b)              Nature of the transaction:                                    Exercise of options under the 2017 PSP, 2021 SAYE Scheme and 2023 SAYE Scheme
 c)              Price(s) and volume(s):                                       Exercised resulting in issue of equity:

Price(s) pence  Volume(s)
                                                                               1.00            6,661,454
                                                                               25.82           34,856
                                                                               24.34           10,271
 d)              Aggregated information:                                       See 4 (c) above

                 ·      Aggregated volume:

                 ·      Price:
 e)              Date of the transaction:                                      25 January 2024
 f)              Place of the transaction:                                     Off market transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4 (c) above

e)

Date of the transaction:

25 January 2024

f)

Place of the transaction:

Off market transaction

 

 1.        Details of the person discharging managerial responsibilities/person closely
           associated
 a)        Name:                                                         Mark Hammond
 2.        Reason for the notification
 a)        Position/status:                                              Non-executive Chairman

                                                                         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:  Options over Ordinary Shares of 1p

           Identification code:                                          GB00BJTCG679
 b)        Nature of the transaction:                                    Exercise of options under the 2023 SAYE Scheme
 c)        Price(s) and volume(s):                                       Exercised resulting in issue of equity:

Price(s) pence  Volume(s)
                                                                         24.34           10,271
 d)        Aggregated information:                                       See 4 (c) above

           ·      Aggregated volume:

           ·      Price:
 e)        Date of the transaction:                                      25 January 2024
 f)        Place of the transaction:                                     Off market transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4 (c) above

e)

Date of the transaction:

25 January 2024

f)

Place of the transaction:

Off market transaction

 

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