Search
Search

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