Source - RNS
RNS Number : 3735K
DX (Group) PLC
21 September 2016


21 September 2016


This announcement contains inside information.


DX (Group) plc

("DX" or "the Company")


Board Appointment


DX, the independent parcels, mail and logistics operator, is pleased to announce the promotion of Daljit Basi, Finance Director, FCCA, to the Board of Directors, with his promotion taking immediate effect. Daljit replaces Ian Pain, Chief Financial Officer who, as previously announced on 14 July, will be stepping down from the Board and the Company.  Ian will be leaving the Company at the end of October 2016. 


Daljit, aged 50 years, joined DX in 2012 as Financial Controller and has held senior financial roles at divisional level at Rentokil Initial Plc, TUI UK and John Menzies plc.  He qualified at Baker Tilly in London.


Bob Holt, Chairman, commented:


"I am very pleased to welcome Daljit to the Board. He has a thorough understanding of the business and has been an important member of the senior management team over the last four years.  At the same time, I would also like to thank Ian for his contribution to DX since 2006 and wish him well in his future endeavours."



The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:


Mr Daljit Basi, aged 50 years, is a director of DX Network Services Limited. 

He has a beneficial interest in 118,405 ordinary shares in the Company held by Alexander Jake Basi, his son. 


There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.




DX (Group) plc



Bob Holt, Chairman


M: 07778 798816

Petar Cvetkovic, Chief Executive


T: 01753 631 624




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




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