Issue of Equity and Total Voting Rights

DX (Group)

RNS Number : 5810M
DX (Group) PLC
12 January 2023

12 January 2023


DX (Group) plc

("DX", or the "Company")


Issue of Equity and Total Voting Rights


DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, announces that on 10 January 2023 it received a notification of exercise from Lloyd Dunn, a former Director, in relation to the exercise of 26,534,767 share options ("Options") over ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 1.0 pence (the "Exercise") pursuant to the Company's Performance Share Plan 2017 (the "PSP").


Accordingly, following net settlement of these Options, application has been made for a total of 13,578,480 new Ordinary Shares to be issued to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 18 January 2023.


The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company's issued share capital consists of 597,217,387 Ordinary Shares, each with voting rights. Accordingly, the figure of 597,217,387 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.


Following the Exercise, there are options outstanding over 32,313,680 Ordinary Shares, representing 5.4% of the Company's enlarged issued share capital.




DX (Group) plc

Mark Hammond, Executive Chairman

David Mulligan, Chief Financial Officer

T: 020 3178 6378

(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

Nick How/William Hall

KTZ Communications

Katie Tzouliadis/ Dan Mahoney

T: 020 3178 6378


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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