Source - RNS
RNS Number : 0017K
DX (Group) PLC
16 September 2016



16 September 2016


This announcement contains inside information.


DX (Group) plc

("DX" or "the Company")


Re: UK Competition and Market Authority's review


Revocation of the Initial Enforcement Order


DX, an independent parcels, mail and logistics operator, announced on 5 July 2016 that the UK Competition and Markets Authority ("the CMA") had initiated a review of the Company's acquisition of the trade and assets of The Legal Post (Scotland) Limited and First Post Limited (together "the Transaction") and that, accordingly, the CMA had served an Initial Enforcement Order under section 72(2) of the Enterprise Act 2002.  


The CMA has confirmed that it is continuing to conduct its assessment of the Transaction and has not yet taken a decision as to whether the Transaction has or may be expected to result in a substantial lessening of competition.  Nevertheless, based on the evidence it has received in its assessment of the Transaction to date, the CMA considers that it is appropriate to revoke the Initial Enforcement Order.


DX will now continue with the combination of the acquired trade and assets with the Company's existing operations in Scotland so as to deliver the customer service enhancements and anticipated cost savings as planned.


DX will continue to provide full assistance to the CMA.





DX (Group) plc



Bob Holt, Chairman


M: 07778 798816

Petar Cvetkovic, Chief Executive


T: 01753 631 624

Ian Pain, Chief Financial Officer






Zeus Capital (Nominated Advisor and Joint Broker)


T: 020 3829 5000

Nick How, Dominic King






Numis Securities (Joint Broker)


T: 020 7260 1314

Stuart Skinner, Toby Adcock






KTZ Communications


T: 020 3178 6378

Katie Tzouliadis, Viktoria Langley, Emma Pearson





This information is provided by RNS
The company news service from the London Stock Exchange

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