Re full year accounts

RNS Number : 8268Q

DX (Group) PLC

15 September 2017

 

The information contained in this announcement is inside information for the purposes of article 7 of Regulation 596/2014.

15 September 2017

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Re: Full year accounts

DX announces that, during the preparation of its final results for the year ended 30 June 2017, it has become aware of an incorrect application of accounting policies relating to lease incentives on one of its sites. Following appropriate application of the policies, there will be a non-cash impact of £1.8m to previously guided underlying profits for the year ended 30 June 2017.  This does not impact prior accounting periods.  Under the correct accounting treatment, the £1.8m lease incentive will be credited back over the remaining c.10 year term of the lease.  

The audit of the full year results remains in progress and the Company continues to expect to announce its preliminary results in early Q4.

Enquiries:

DX (Group) plc
Bob Holt, Ian Gray		T: 0333 241 1525
Zeus Capital (Financial Adviser and Nominated Adviser to DX)		T: 020 3829 5000
Nick How, Giles Balleny (Corporate Finance)
Dominic King (Corporate Broking)
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis
Irene Bermont-Penn
Emma Pearson

 

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