London Stock Exchange welcomes DX to AIM
Thursday 27th February 2014
DX Group marked the admission of its shares to trading on the AIM market with a mid-morning welcome ceremony hosted by London Stock Exchange
DX is a leading independent mail, parcels and logistics end to end network operator in 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.
The Placing has raised approximately £200.5 million. The proceeds of the Placing will be used to repay existing senior debt, shareholder loans and private equity, allowing the Company to invest in service development for DX's customers, enhance the Company's reputation and add further credibility to its service offering. The admission to AIM will also help raise the Company's profile as it begins to livery its vehicles for the first time.
Zeus Capital are Nominated Advisor and Sole Broker to the Company.
Petar Cvetkovic, Chief Executive Officer of DX, commented:
"We are delighted to launch as a public company today, and in particular, 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.”
Further information can be found on the Company’s website at: www.thedx.co.uk