DX shareholders vote for fundraising proposal

DX shareholders vote for fundraising proposal

DX shareholders have voted overwhelmingly in favour of the group’s proposals to raise £4.76m of new funding and to convert existing loan notes into equity.

The new management team at DX – headed by Ron Series, Chairman, and Lloyd Dunn, CEO – first outlined their turnaround plans at the end of March. The objective is to deliver a significant turnaround in the Group’s performance over the next three years and set the Group back on a path of profitable and sustainable growth.

In a statement sent to Post&Parcel today (22 May), DX said that the new funds raised will be channelled towards expanding sales teams, adding new depots, enhancing the Group’s IT capabilities and developing its networks.

DX expects that the new shares to be issued as a result of the fundraising and loan note conversion will commence trading on the London Stock Exchange’s AIM tomorrow.

“We are delighted in this vote of confidence from shareholders at today’s general meeting,” said Dunn.

“The new funds and the conversion of existing loan notes place the business in a significantly stronger financial position.

“We remain focused on delivering our objective to set DX on the path to profitable and sustainable growth.”

Relevant Directory Listings

Listing image


BoxSizeID is an intuitive white-label parcel measurement app, based on MySize Inc.’s patented measurement algorithms, that utilizes standard Smartphone sensors, not photography, to empower customers to easily and quickly measure and record three dimensions (height, length and depth) of any object with the tap of a […]

Find out more

Other Directory Listings

About The Author

Ian Taylor

Ian Taylor is the Editor of Triangle’s Mail & Express Review Magazine and the www.postandparcel.info portal. Ian has been a business journalist for almost 30 years, editing and writing for a wide range of magazines and newspapers with a particular focus on the transport and logistics industries.



MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a a must-read for those who want the inside track on the industry.


P&P Poll


In the future, what type of food will we see delivered more often through domestic letter boxes?

Thank you for voting
You have already voted on this poll!
Please select an option!

Pin It on Pinterest

Share This