REG - DX (Group) PLC - Settlement of Claim

DX (Group)Announcement

07/06/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230607:nRSG8729Ba&default-theme=true

RNS Number : 8729B  DX (Group) PLC  07 June 2023

AIM: DX.

DX (Group) plc

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

 

Settlement of Claim

 

DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, is pleased to announce that it has reached a
full and final settlement with Tuffnells Parcels Express Limited in relation
to its claim against the Company, as previously announced on 13 February 2023.

 

This confidential settlement, which is without any admission of liability,
brings the claim to a satisfactory conclusion for all parties. It has no
impact on the Company's expectations for its financial year ending 1 July 2023
or thereafter.

 

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. The person responsible for making this announcement is Simon Blunt,
Company Secretary.

 

Enquiries:

 DX (Group) plc                                            T: 020 3178 6378 (c/o KTZ
 Mark Hammond, Chairman                                     Communications)
 Paul Ibbetson, Chief Executive Officer
 David Mulligan, Chief Financial Officer

 Liberum (Nominated Adviser and Joint Broker to DX)        T: 020 3100 2000
 Nick How/William Hall/Lucas Bamber

 finnCap (Joint Broker to DX)                              T: 020 7220 0500
 Matt Goode/Simon Hicks (Corporate Finance)

 Andrew Burdis/Charlotte Sutcliffe (Corporate Broking)

 KTZ Communications                                        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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSSIESMEDSEFM