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Director dealings: DX chairman ups stake following fundraise
Ian Gray, non-executive director of delivery solutions firm DX Group, purchased 350,000 ordinary shares in the AIM-quoted group, upping his stake to a total of 0.10% of the company's issued share capital.
Gray, who is also chairman of Avicenna and Atlantic Holdings, acquired the shares at an average price of 9.34p per share for a total of £32,690.
As a result of the transaction, Gray had a total beneficial holding of 600,000 ordinary shares.
DX shareholders voted in favour of the group's proposal to raise £4.76m of new funding on Wednesday while pushing through its decision to convert existing loan notes into equity.
The funds raised will be channelled towards expanding the firm's sales teams, adding new depots, enhancing its IT capabilities and developing its networks.
As of 1400 BST, DX shares had collected 1.42% to 9.40p.
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