The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution. Gatemore Capital Managemen called for the meeting last month to try and have Bob Holt and non-executive director Paul Murray removed from the board and replaced with four new candidates. The move was prompted by a 90% fall in DX share price in the last two years, but Gatemore said it had withdrawn the request […]
A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance.
DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business.
Menzies Distribution has won a contract with catering equipment supplier Nisbets.