Suspension of Trading on AIM

RNS Number : 2375X

DX (Group) PLC

04 January 2022

 

AIM: DX.

DX (Group) plc

("DX" or "the Group" or "the Company")

Suspension of trading on AIM pending publication of 2021 Annual Report & Accounts

DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, provides the following update in relation to its Report & Accounts for the financial year ended 3 July 2021 ("Annual Report").

As detailed in the Company's announcement of 25 November 2021, the Company's Audit & Risk Committee recently raised a corporate governance inquiry relating to an internal investigation, which commenced during the financial year ended 3 July 2021. Whilst the inquiry is progressing steadily, it has yet to be concluded.

As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company was required to publish its audited Annual Report by 2 January 2022. As it was not in a position to do so, trading in the Company's Ordinary Shares on AIM will be suspended with effect from 7.30 a.m. on 4 January 2022 pending publication of the Annual Report.

Suspension from trading will be lifted with the publication of the Annual Report.

Notwithstanding the temporary suspension of trading in the Company's Ordinary Shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules.

Enquiries:

DX (Group) plc		www.dxdelivery.com
Ron Series, Chairman		T: 020 3178 6378
Lloyd Dunn, Chief Executive Officer David Mulligan, Chief Financial Officer		(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
Robert Morton/Nick How/William Hall
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis/Dan Mahoney

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.

 

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