Re CMA Review - Investigation Now Closed

RNS Number : 1152N

DX (Group) PLC

21 October 2016

 

AIM: DX.

This announcement contains inside information.

DX (Group) plc

("DX" or "the Company")

Re: UK Competition and Market Authority's review

Investigation completed and no further action will be taken

DX, the independent parcels, mail and logistics operator, notes today's announcement by the UK Competition and Markets Authority ("the CMA") regarding the Company's acquisition of the trade and assets of The Legal Post (Scotland) Limited and First Post Limited (together "the Transaction"). The CMA has confirmed that its investigation into the acquisition is now closed and that no further action will be taken.

Following the announcement of the revocation of the CMA's Initial Enforcement Order on 16 September 2016, DX resumed the integration of the trade and assets of the Transaction. The Company now expects that this process will be substantially completed by the end of 2016, bringing with it the anticipated customer service enhancements and cost savings.

Enquiries:

DX (Group) plc
Bob Holt, Chairman		M: 07778 798816
Petar Cvetkovic, Chief Executive		T: 01753 631 624
Ian Pain, Chief Financial Officer
Zeus Capital (Nominated Advisor and Joint Broker)		T: 020 3829 5000
Nick How, Dominic King
Numis Securities (Joint Broker)		T: 020 7260 1314
Stuart Skinner, Toby Adcock
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis, Viktoria Langley, Emma Pearson

 

END

 

 

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