Grant of share awards and PDMR shareholding

RNS Number : 2122S

DX (Group) PLC

08 March 2023

 

AIM: DX.

DX (Group) plc

("DX", or the "Company")

Grant of share awards and PDMR notification

DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, announces details of the grant of additional awards ("Recovery Awards") pursuant to the Company's Performance Share Plan 2017 (the "PSP").

On 3 March 2023, David Mulligan, Chief Financial Officer and a person discharging managerial responsibility of the Company ("PDMR"), received a Recovery Award of 1,000,000 options over ordinary shares of 1p each in the Company ("Ordinary Shares") granted under the PSP. Following this award, David Mulligan has a total of 3,056,721 unvested options as a result of Recovery Awards under the PSP.

The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

In addition to David Mulligan, on 3 March 2023 the Company granted Recovery Awards under the PSP to 28 existing participants and to 18 new participants together totalling 14,599,937 options over Ordinary Shares.

Following the grant of these Recovery Awards, there are options outstanding over 33,466,708 Ordinary Shares, representing 5.53% of the Company's issued share capital.

Enquiries:

DX (Group) plc www.dxdelivery.com
Mark Hammond, Chairman Paul Ibbetson, Chief Executive Officer David Mulligan, Chief Financial Officer		T: 020 3178 6378 (c/o KTZ Communications)
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
Nick How/William Hall
KTZ Communications Katie Tzouliadis/Robert Morton/Dan Mahoney		T: 020 3178 6378

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: Identification code:	Ordinary Shares of 1p nominal value GB00BJTCG679
b)	Nature of the transaction:	Grant of options over Ordinary Shares
c)	Price(s) and volume(s):	Price(s) pence Volume(s) nil 1,000,000
d)	Aggregated information: · Aggregated volume: · Price:	Single transaction as in 4 c) above Price(s) pence Volume(s) nil 1,000,000
e)	Date of the transaction:	3 March 2023
f)	Place of the transaction:	Off market transaction

 

END

 

 

DSHFZGGFRNZGFZM