First Day of Dealings

RNS Number : 0172B

DX (Group) PLC

27 February 2014

 

For Immediate Release                                                                                                                                                27 February 2014

DX (Group) plc

("DX" or "the Company")

First Day of Dealings on AIM following £200m Placing

Dealings commence at 8am, 27 February 2014

DX, a leading independent mail, parcels and logistics end to end network operator in the UK and Ireland, is pleased to announce that Admission and trading of its Ordinary Shares commences today on the AIM market of the London Stock Exchange ('AIM').

The Company has successfully raised approximately £200.5 million via the placing of 200,525,300 million ordinary shares with institutional and other investors at a placing price of 100 pence per ordinary share (the 'Placing').  DX's market capitalisation on Admission, based on the placing price, is approximately £200.5 million. As part of the Placing certain members of the DX management, including David Hoare, Petar Cvetkovic and Ian Pain, are reinvesting their current equity interests and will own approximately 3.64% of DX after Admission.

Zeus Capital Limited is acting as Nominated Adviser and Sole Broker to DX.

DX's TIDM Code is "DX." and its ISIN number is GB00BJTCG679. 

Petar Cvetkovic, Chief Executive Officer of DX commented:

"We are delighted to launch as a public company today, and are particularly pleased with the strong show of support from institutional investors which is testament to our future prospects. The successful completion of this transaction enables us to continue to focus on market leading Customer service and growing the DX brand."

The Company's Admission Document can be found at: www.thedx.co.uk

Enquiries:

DX (Group) plc Petar Cvetkovic, Chief Executive Officer Ian Pain, Chief Financial Officer	c/o Buchanan [phone]
Buchanan - Financial PR adviser Mark Edwards / Helen Chan / Gabriella Clinkard	Tel: [phone] [e-mail]
Zeus Capital - Nominated adviser and broker Tim Metcalfe / Ross Andrews Dominic King / John Goold (Institutional Sales)	Tel: [phone]

About DX

DX is a leading independent logistics and parcel distribution company operating throughout the UK & Ireland, established in 1975 and headquartered in Iver.  DX is renowned for offering quality service, high security, and customer choice to public and private sector organisations, providing proven next day delivery for mail, parcels and 2-Man deliveries to business and residential addresses nationwide.

As a specialist provider of time sensitive, mission critical, 2-Man and high value deliveries, DX routinely handles goods from many etailers, high street retailers, and a wide range of items from many industry sectors. DX is the preferred provider of the UK Government and foreign embassies for identity documents and visas. 

Further company information can be found at www.thedx.co.uk

 

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