Re: Property Transaction

RNS Number : 2690S

DX (Group) PLC

29 September 2017

 

29 September 2017

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Re: Property Transaction

Further to DX's announcement of 22 September 2017 reporting the sale and leaseback of certain freehold properties (the "Properties") with ChanceryGate (Livingston) ("the Property Transaction"), the Company is pleased to announce the completion of the Property Transaction today. In addition, it now reports that the aggregate book value of the Properties is £3.5m. The aggregate sale proceeds are £4.5m and the Property Transaction has resulted in the recognition of a £1.0m profit compared to book value. 

Enquiries:

DX (Group) plc
Bob Holt, Chairman		M: 07778 798816
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

 

END

 

 

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