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Air Freight & Courier Services

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DX (Group) appoints ‍lloyd Dunn as CEO

Monday, 9 Oct 2017

Oct 9 (Reuters) - DX (GROUP) PLC :‍£24.0M FUNDRAISING, CEO APPOINTMENT AND PROPOSED BOARD CHANGES​.‍REACHED AGREEMENT ON LEGALLY BINDING HEADS OF TERMS FOR A £24.0M FUNDRAISING, FOLLOWING ANNOUNCEMENT REGARDING ITS FUNDING REQUIREMENTS​.‍FUNDRAISING IS TO BE IN FORM OF SECURED LOAN NOTES WITH CONDITIONAL CONVERSION RIGHTS​.‍TRANCHE 1 OF £16.3M - TO BE ISSUED PRINCIPALLY TO GCM PARTNERS II LP ("GATEMORE") AND PROPOSED DIRECTORS​.‍TRANCHE 2 OF £7.7M - TO BE ISSUED PRINCIPALLY TO HARGREAVE HALE LIMITED ACTING AS INVESTMENT MANAGER FOR MARLBOROUGH SPECIAL SITUATIONS FUND.‍NET PROCEEDS OF FUNDRAISING WILL BE USED TO ADDRESS WORKING CAPITAL SHORTFALL, AND CAPITAL EXPENDITURE AND RESTRUCTURING COSTS​.‍LLOYD DUNN IS APPOINTED AS CEO WITH IMMEDIATE EFFECT, INITIALLY A NON-BOARD POSITION​.

Bpost to acquire Radial

Monday, 9 Oct 2017

Oct 9 (Reuters) - BPOST SA ::BPOST TO ACCELERATE THE EXPANSION OF ITS E-COMMERCE LOGISTICS BUSINESS WITH THE ACQUISITION OF RADIAL.‍BPOST WILL ACQUIRE 100% OF SHARES OF RADIAL FOR AN ENTERPRISE VALUE OF $820 MILLION​.‍EXPECTED NORMALIZED ANNUAL REVENUES OF RADIAL FOR 2017 ARE FORECASTED BETWEEN $970 AND $1,020 MILLION.THE EXPECTED NORMALIZED EBITDA OF RADIAL IS FORECASTED TO BE BETWEEN $65 AND $70 MILLION IN 2017​​.‍TRANSACTION WILL HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE AS FROM 2020​.‍TRANSACTION IS EXPECTED TO CLOSE IN LAST QUARTER OF 2017, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.​.

DX Group terminates discussions with John Menzies

Monday, 14 Aug 2017

Aug 14 (Reuters) - DX (GROUP) PLC ::TERMINATION OF DISCUSSIONS WITH JOHN MENZIES PLC.TRADING IN COMPANY'S SHARES REMAINS SUSPENDED PENDING FURTHER NOTIFICATION.AFTER DUE CONSIDERATION, DISCUSSIONS WITH JOHN MENZIES REGARDING POTENTIAL COMBINATION OF DX AND JOHN MENZIES' DISTRIBUTION DIVISION TERMINATED.DX BOARD HAS BEEN UNABLE TO AGREE SUITABLE TERMS.IT BELIEVES IT TO BE IN BEST INTERESTS OF DX SHAREHOLDERS TO PROCEED WITH BUSINESS TRANSFORMATION ON A STAND-ALONE BASIS.DISCUSSIONS ON NEW FINANCING OPTIONS FOR DX ALREADY UNDERWAY.

Eimskipafelag Islands makes organizational changes

Friday, 27 May 2016

Eimskipafelag Islands Hf : Makes organizational changes . Changes will be effective as from June 1 2016 . Company will be divided into five main divisions .Main alteration is creation of a new division of human resources.

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