Response to media article

DX (Group)

13/02/2023 07:00

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RNS Number : 6476P  DX (Group) PLC  13 February 2023

AIM: DX.

DX (Group) plc

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

 

Response to media article

 

DX, the provider of delivery solutions, including parcel freight, secure
courier and logistics services, notes an article published by The Sunday Times
on the weekend of 11/12 February 2023, titled, "The driver, the logistics firm
and the 'espionage'".

 

The Group confirms that on Friday, 10 February 2023, it received a claim from
Tuffnell Parcels Express in relation to confidential competitor information
being obtained by DX in the past. Matters referred to in the claim were
subject to a corporate governance inquiry and investigation by DX, the
conclusions of which were reported by the Company in an announcement made on
20 September 2022. The Group intends to defend its position robustly and will
respond to the claim in due course.

 

As matters are now subject to legal proceedings, the Company will not provide
further comment until the appropriate time.

 

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

 finnCap (Nominated Adviser and Joint Broker to DX)    T: 020 7220 0500
 Matt Goode/Simon Hicks (Corporate Finance)
 Andrew Burdis/Charlotte Sutcliffe (ECM)

 Liberum (Joint broker to DX)                          T: 020 3100 2000
 Nick How/William Hall

 KTZ Communications                                    T: 020 3178 6378
 Katie Tzouliadis/Robert Morton/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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