AIM: DX.
DX (Group)
plc
("DX", or the
"Company")
Exercise of options under PSP
and SAYE schemes, Director/PDMR Shareholding, Issue of Equity
and
Total Voting
Rights
Exercise of PSP options
DX, the provider of delivery
solutions, including parcel freight, secure courier and logistics
services, announces that options over a total of
36,430,439 ordinary shares of 1.0 pence each (the "Ordinary
Shares") were exercised today under the DX 2017 Performance Share
Plan ("PSP"), at an exercise price of 1.0
pence.
David Mulligan, Chief Financial
Officer and a person discharging managerial responsibility of the
Company ("PDMR"), exercised options over 3,347,750 Ordinary Shares
under the PSP. Paul Ibbetson, Chief Executive Officer and also a
PDMR, exercised options over 6,661,454 Ordinary Shares under the
PSP. The balance of the PSP options were exercised
by 54 other employees and former employees of the
Company.
Exercise of SAYE options
Also today, options over a total of
4,635,054 Ordinary Shares were exercised under the DX 2021 Save As
You Earn ("SAYE") Scheme, at an exercise price of 25.82 pence.
Additionally, options over a total of 1,233,151 Ordinary
Shares were exercised under the DX 2023 SAYE Scheme at an exercise
price of 24.34 pence.
David Mulligan exercised options
over 34,856 Ordinary Shares in the DX 2021 SAYE Scheme and options
over 10,271 Ordinary Shares in the DX 2023 SAYE Scheme. Paul
Ibbetson exercised options over 34,856 Ordinary Shares in the DX
2021 SAYE Scheme and options over 10,271 Ordinary Shares in the DX
2023 SAYE Scheme. Mark Hammond, Non-executive Chairman and a PDMR,
exercised options over 10,271 Ordinary Shares in the DX 2023 SAYE
Scheme. The balance of the SAYE options were
exercised by other employees of the Company.
Following the exercise of the PSP
options and SAYE options, David Mulligan has a total beneficial
shareholding of 7,644,750 Ordinary Shares, representing
approximately 1.18% of the Company's enlarged issued share capital
("EISC"), Paul Ibbetson has a total beneficial shareholding of
10,532,622 Ordinary Shares, representing approximately 1.63% of the
Company's EISC and Mark Hammond has a total beneficial shareholding
of 710,271 Ordinary Shares, representing approximately 0.11% of the
Company's EISC.
The notifications below, which have
been made in accordance with the requirements of the Market Abuse
Regulation, provide further detail.
Issue of Equity
Accordingly, following settlement of
these PSP and SAYE options, application has been made for a total
of 42,298,644 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 26 January 2024.
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
647,199,135 Ordinary Shares, each with voting rights. Accordingly,
the figure of 647,199,135 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 no
options outstanding under either the PSP or SAYE
schemes.
Enquiries:
|
DX
(Group) plc
www.dxdelivery.com
|
|
|
|
Paul
Ibbetson, Chief Executive Officer
David Mulligan, Chief Financial
Officer
|
|
T: 020 3178 6378
(c/o KTZ
Communications)
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|
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|
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Moelis & Company UK LLP (Lead Financial Adviser to
DX)
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T: 020 7634 3500
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Mark Aedy, Yorick van Slingelandt,
Chris Raff
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Liberum Capital Limited (Nominated Adviser and Joint Broker to
DX)
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T: 020 3100 2000
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Nick How
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KTZ
Communications (PR Adviser to DX)
Katie Tzouliadis, Robert
Morton
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T: 020 3178 6378
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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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
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Name:
|
David Mulligan
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status:
|
Chief Financial Officer
PDMR
|
|
b)
|
Initial
notification/Amendment:
|
Initial Notification
|
|
3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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Name:
|
DX (Group) plc
|
|
b)
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LEI:
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213800LA2YGSOFIYIH95
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument:
Identification code:
|
Options over Ordinary Shares of
1p
GB00BJTCG679
|
|
b)
|
Nature of the
transaction:
|
Exercise of options under the 2017
PSP, 2021 SAYE Scheme and 2023 SAYE Scheme
|
|
c)
|
Price(s) and volume(s):
|
Exercised resulting in issue of equity:
|
Price(s) pence
|
Volume(s)
|
|
1.00
|
3,347,750
|
|
25.82
|
34,856
|
|
24.34
|
10,271
|
|
|
d)
|
Aggregated information:
·
Aggregated volume:
·
Price:
|
See 4 (c) above
|
|
e)
|
Date of the transaction:
|
25 January 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Paul Ibbetson
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status:
|
Chief Executive Officer
PDMR
|
|
b)
|
Initial
notification/Amendment:
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
DX (Group) plc
|
|
b)
|
LEI:
|
213800LA2YGSOFIYIH95
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument:
Identification code:
|
Options over Ordinary Shares of
1p
GB00BJTCG679
|
|
b)
|
Nature of the
transaction:
|
Exercise of options under the 2017
PSP, 2021 SAYE Scheme and 2023 SAYE Scheme
|
|
c)
|
Price(s) and volume(s):
|
Exercised resulting in issue of equity:
|
Price(s) pence
|
Volume(s)
|
|
1.00
|
6,661,454
|
|
25.82
|
34,856
|
|
24.34
|
10,271
|
|
|
d)
|
Aggregated information:
·
Aggregated volume:
·
Price:
|
See 4 (c) above
|
|
e)
|
Date of the transaction:
|
25 January 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Mark Hammond
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status:
|
Non-executive Chairman
PDMR
|
|
b)
|
Initial
notification/Amendment:
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
DX (Group) plc
|
|
b)
|
LEI:
|
213800LA2YGSOFIYIH95
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument:
Identification code:
|
Options over Ordinary Shares of
1p
GB00BJTCG679
|
|
b)
|
Nature of the
transaction:
|
Exercise of options under the 2023
SAYE Scheme
|
|
c)
|
Price(s) and volume(s):
|
Exercised resulting in issue of equity:
|
Price(s) pence
|
Volume(s)
|
|
24.34
|
10,271
|
|
|
d)
|
Aggregated information:
·
Aggregated volume:
·
Price:
|
See 4 (c) above
|
|
e)
|
Date of the transaction:
|
25 January 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|