DX Group share trading resumes

Secure courier and logistics company DX Group has announced that trading in its shares resumed as of today (21st August).

DX requested that share trading be suspended pending the outcome of its discussions with the Board of the logistics company John Menzies to combine DX with John Menzies distribution division.

Apex Insight has reported how earlier this month the discussions came to an end and it was announced that the newly revamped DX Board is looking to develop the firm as a standalone entity.

In a statement issued today (21 August), DX said its full year results for the year ended 30 June are currently expected to be announced in early Q4 and they will include the aborted costs of the transaction.

DX added: “The Company continues its discussions with Ron Series on his anticipated appointment as Chairman and it is expected that this appointment will be confirmed in the near term.

“The appointments to the board of Messrs Black, Dunn and Goodson are expected to follow shortly after that of Ron Series. Further announcements will made in due course as appropriate.”

 
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