Re: Capital Reduction

RNS Number : 8170V

DX (Group) PLC

20 April 2016

 

20 April 2016

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Re: Capital Reduction

DX, the leading independent parcels, mail and logistics network operator, is pleased to report that the Company's share capital reduction, as set out in a circular to shareholders, dated 29 February 2016, ("Capital Reduction") has been confirmed by the High Court and has now become effective. 

The principal purpose of the Capital Reduction is to create distributable reserves to enable the Company to make dividend payments to shareholders. Accordingly, the Board expects to declare an interim dividend consistent with the Company's stated dividend policy in the first half of May 2016, after the relevant accounts have been filed with Companies House.

Enquiries:

DX (Group) plc
Bob Holt, Chairman		T: 07778 798816
Petar Cvetkovic, Chief Executive Officer		T: 01753 631624
Ian Pain, Chief Financial Officer		T: 01753 631624
Zeus Capital (Nominated Advisor and Broker)		T: 020 3829 5000
Nick How / Dan Bate
John Goold/ Dominic King (Institutional sales)
Numis Securities (Joint Broker)		T: 020 7260 1000
Stuart Skinner
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis/ Viktoria Langley/ Emma Pearson

About DX

www.dxdelivery.com

Established in 1975 and based in Iver, Buckinghamshire, DX is a leading independent logistics and parcel distribution company.  It operates throughout the UK and Ireland, delivering c. 170 million items a year.  The company offers an unrivalled range of services, providing next day delivery services for mail, parcels and 2-Man deliveries to business and residential addresses.  In particular, DX specialises in next day or scheduled delivery of time-sensitive, mission critical and high value items. Its customers are mainly commercial organisations but also include public sector companies and national and local governmental organisations. 

 

END

 

 

MSCXBLFLQZFXBBF