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Results: DX

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DX Group – following two years corporate governance shambles, a Chairman change EGM notice

Writing on parcel freight, secure courier and logistics services group DX (DX.), last week with the shares at 24p I questioned two years corporate governance shambles “concluded” and that with also it still very much having to prove its corporate governance “progress” and also still without a CEO, I continued to avoid. Now a 20% shareholder in the group has announced it has served notice to convene an EGM to vote down Executive Chairman Ron Series and replace him with Mark Hammond.


DX Group – approaching two years corporate governance shambles “concluded”… Or is it?

DX Group (DX.) has announced that an “investigation identified evidence that confidential competitor information was obtained over a period of time and that an isolated offer of payment (of de minimis financial amount) for such information had been made by employees”... but that still there was the internal “investigation being curtailed and information flows restricted. Insufficient disciplinary action was taken”! Shocking stuff...and now what’s the result?

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