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DX (Group) PLC (DXDX.L)

DXDX.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DX confirms top investor Gatemore withdraws EGM requisition
Friday, 7 Apr 2017 08:50am EDT 

DX (Group) Plc : Dx confirms that it has received a further notice on behalf of Gatemore withdrawing this requisition. . Board will continue to progress its discussions with John Menzies over a potential combination with distribution division .Further announcements will be made in due course regarding progress of proposed transaction..  Full Article

DX Group says in talks to merge with John Menzies' distribution unit
Friday, 31 Mar 2017 02:00am EDT 

DX(Group) Plc : Potential combination of DX And John Menzies' distribution division . They are in discussions regarding potential combination of dx and john menzies' distribution division . Boards of dx and john menzies believe that combination has strong strategic logic for all stakeholders . Based on a preliminary joint assessment, boards of dx and john menzies estimate combination would generate cost synergies in range of £8 million to £12 million per annum . It is currently envisaged that transaction would be effected by dx acquiring menzies distribution for consideration, on a cash and debt free basis . Dx (group) - consideration comprising £60 million in cash and issue of new dx ordinary shares representing 80% of dx's issued share capital as enlarged by transaction . Cash consideration will be satisfied by new borrowings by enlarged group . As part of transaction, it is proposed that approximately 17% of john menzies' defined benefit pension scheme would transfer to enlarged group . Enlarged group would comprise a new chairman and new independent non-executive directors . Dx (group) - greg michael and paul mccourt, currently managing director and finance director, respectively, of menzies distribution, would become group ceo and cfo of dx . Daljit basi, currently finance director of dx, will become an executive director. . Anticipate transaction will be completed during summer of 2017..  Full Article

DX (Group) Pc announces new contract win
Wednesday, 29 Mar 2017 02:00am EDT 

DX (Group) Plc : Has won a major contract worth in excess of 10 mln pounds per annum providing bespoke logistic services for Avon UK .Contract is for an initial 3-year term.  Full Article

DX Group says provisionally awarded passport office contract in UK
Tuesday, 22 Nov 2016 02:00am EST 

DX Group Plc : DX Group Plc- HMPO contract and trading update . Notified that co has been provisionally awarded contract contract with Her Majesty's passport office, subject to finalisation .Contract is for an initial two year period and may be extended by up to two years.  Full Article

DX Group says CFO to step down
Thursday, 14 Jul 2016 04:14am EDT 

Dx (Group) Plc : Trading for year ended 30 June 2016 is in line with management expectations, following a satisfactory second half . Regarding its contract with HMPO, company is pleased to confirm that tender process is now underway with outcome expected by October .Ian Pain, chief financial officer, has decided to step down from his role and board to pursue new opportunities.  Full Article

DX (Group) says UK's CMA reviewing Legal Post and First Post transactions
Tuesday, 5 Jul 2016 02:00am EDT 

DX (Group) Plc : UK Competition And Market Authority's review . CMA is reviewing company's acquisition of trade and assets of Legal Post (Scotland) Limited and First Post Limited .DX is now engaging in a consultation with CMA and will make a further announcement in due course.  Full Article

DX (Group) plc expects FY 2015 results to be in line with market expectations
Thursday, 16 Jul 2015 02:00am EDT 

DX (Group) plc:Says that FY 2015 results are expected to be in line with current market expectations.  Full Article

DX (Group) plc Proposes site purchase for major new hub
Thursday, 28 May 2015 02:01am EDT 

DX (Group) plc:Proposed development of a major new hub having reached agreement for the purchase of a 44 acre site in the West Midlands.Says the estimated capital investment required for this major project is approximately £35 million, including the site purchase.Says it is anticipated that it will be funded from the Company's existing cash resources and debt facilities.  Full Article

More From Around the Web

Mail delivery firm DX Group in talks to buy John Menzies' unit

March 31 Mail delivery firm DX Group Plc said it was talks to buy airport services and logistics group John Menzies' distribution division in a cash-and-stock deal.