RNS Number : 6476PDX (Group) PLC13 February 2023
DX (Group) plc
("DX", "the Company" or "the Group")
Response to media article
DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, notes an article published by The Sunday Times on the weekend of 11/12 February 2023, titled, "The driver, the logistics firm and the 'espionage'".
The Group confirms that on Friday, 10 February 2023, it received a claim from Tuffnell Parcels Express in relation to confidential competitor information being obtained by DX in the past. Matters referred to in the claim were subject to a corporate governance inquiry and investigation by DX, the conclusions of which were reported by the Company in an announcement made on 20 September 2022. The Group intends to defend its position robustly and will respond to the claim in due course.
As matters are now subject to legal proceedings, the Company will not provide further comment until the appropriate time.
DX (Group) plc
T: 020 3178 6378 (c/o KTZ
Mark Hammond, Chairman
Paul Ibbetson, Chief Executive Officer
David Mulligan, Chief Financial Officer
finnCap (Nominated Adviser and Joint Broker to DX)
T: 020 7220 0500
Matt Goode/Simon Hicks (Corporate Finance)
Andrew Burdis/Charlotte Sutcliffe (ECM)
Liberum (Joint broker to DX)
T: 020 3100 2000
Nick How/William Hall
T: 020 3178 6378
Katie Tzouliadis/Robert Morton/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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact firstname.lastname@example.org or visit www.rns.com.