TIDMDX.
RNS Number : 1376U
DX (Group) PLC
20 October 2017
20 October 2017
AIM: DX.
DX (Group) plc
("DX" or the "Company")
Board Changes
DX, the independent parcels, mail and logistics operator, is
pleased to confirm that the proposed changes to the composition of
its Board of Directors, as reported on 9 October 2017, have come
into effect.
Ron Series has assumed the role of Chairman from Bob Holt, who
is retiring from the Company. Lloyd Dunn, who became Chief
Executive Officer in a non-Board capacity on 9 October, now joins
the Board, and Russell Black and Paul Goodson both join the Board
as Non-executive Directors. Paul Murray is retiring as a
Non-executive Director although will remain with the Company in a
consultancy role over a three month period. Ian Gray continues in
his role as a Non-executive Director until the Company's AGM in
2018.
Further information on the new members of the Board of Directors
is provided below.
Ron Series, Chairman
Ron Series has extensive experience in business turnaround
situations, and of the logistics and transportation sectors.
He is currently the Senior Independent Director at Clipper
Logistics plc, where he has been a Non-executive Director since its
IPO in May 2014. He has previously held executive and non-executive
positions at a number of companies with international operations in
transport, logistics, shipping, real estate and information
technology. Included among them is Tuffnells Parcels Express
Limited, where he was Chairman during its turnaround in
2002-2005.
Lloyd Dunn, Chief Executive Officer
Lloyd Dunn has 38 years' experience in the transportation
industry.
He was previously Chief Executive Officer of Tuffnells Parcel
Express Limited, which he led through a significant turnaround
before it was sold to Connect Group in 2014. Prior to that, he was
a founding member of Nightfreight Plc, the logistics company, with
founder, Russell Black. Nightfreight Plc was admitted to the
Official List of the London Stock Exchange in 1994, and Lloyd
remained as an Executive Director until its sale to private equity
in 2001.
Russell Black, Non-executive Director
Russell Black has over 40 years' experience in the
transportation sector, both internationally and in the UK.
He founded, and was Chief Executive Officer of, Nightfreight Plc
in 1984, leading its subsequent IPO. After retiring from
Nightfreight Plc in 2002, he completed a PhD in International
Business, while serving as Non-executive Chairman of Birket
Engineering Inc, the US-based engineering and construction group,
and a Non-executive Director of Instepay, the Florida-based
financial services provider.
Paul Goodson, Non-executive Director
Paul Goodson has over 20 years' private equity fund management
experience, including investment origination and execution,
portfolio management, fund raising and operational management. He
worked for Barclays Private Equity Ltd for 13 years until 2011,
latterly as Co-Head of BPE and Managing Director UK. Prior to that,
he led and managed one of the three London investment teams at 3i
plc, which he joined in 1989.
In 2012, Paul became Chairman of Great Bear Distribution Ltd,
the logistics company, assisting in its expansion and managing its
subsequent sale in 2016. He is a Non-executive Director of Electra
plc, the investment trust quoted on London Stock Exchange, and
Chairman of Swale Academies Trust, the school improvements service.
He also acts as an adviser to Coda Investments Limited.
Additional Information
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Ronald Charles Series (aged 66 years) holds 180,000 shares in
the Company
Current directorships:
Clipper Logistics Plc
Series Capital Limited
Directorships held over the last 5 years:
Netfold Limited
Project Oliver Topco Limited
SIAC Holdings Ltd
Netfold Limited was incorporated in 2007 as a vehicle for the
pre-packed acquisition from the administrators and turn-around of
Amtrak Express Parcels Limited. The finances of the operating
business could not be restored and Netfold Limited went into
administration in 2010 and was later dissolved. Ron Series was a
director at the time of the administration.
Lloyd John Charles Dunn (aged 59 years) holds 2,020,000 shares
in the Company.
Current directorships:
Ashbrook Homes Midlands Limited
The Chimneys Investment Company Limited
Ridgeway Developments (Leicester) Limited
Directorships held over the last 5 years:
Tuffnells Parcels Express Limited
The Big Green Parcel Machine Limited
The Big Green Parcel Group Limited
The Big Green Euro Machine Limited
The Big Green Parcel Holding Company Limited
David Russell Black (aged 78 years)
Current directorships:
n/a
Directorships held over the last 5 years:
DRV Black Investments Limited
Paul Andrew Goodson (aged 53 years)
Current directorships:
Coda Investments (Timperley) Limited
Electra Private Equity Plc
Swale Academies Trust
Minerva Invest
Directorships held over the last 5 years:
Great Bear Distribution Ltd
Great Bear Holdings Ltd
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries
DX (Group) plc T: 020 3178 6378
(today)
Ron Series, Chairman
Lloyd Dunn, Chief Executive Officer
Zeus Capital (Financial Adviser T: 020 3829 5000
and Nominated Adviser to DX)
Nick How, Giles Balleny (Corporate
Finance)
Dominic King (Corporate Broking)
KTZ Communications T: 020 3178 6378
Katie Tzouliadis
Irene Bermont-Penn
Emma Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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