Last checked at 10 Aug 2020 07:17
RNS | 10 August 2020 |
Argentex Group PLC
("Argentex" or the "Group")
Publication of Annual Report and Notice of Annual General Meeting
Argentex Group PLC (AIM: AGFX), the provider of foreign exchange services to institutions, corporates and high net worth individuals, announces that the Company's Annual Report and Accounts for the year ended 31 March 2020 has been sent to shareholders. An electronic copy is also now available on the Company's website at www.argentex.com.
The Company's Annual General Meeting (AGM) will be held at 25 Argyll Street, London, W1F 7TU on 11 September 2020 at 9:30am. In accordance with current government instruction and guidance regarding COVID-19 and the restrictions on social contact, public gathering and non-essential travel, shareholders will not be able to attend the AGM in person. The AGM will be purely functional, comprising only the formal votes without any business update. The Company's physical attendance at the AGM will be limited to satisfy the requirements for a quorum. Shareholders are encouraged to vote on all of the resolutions online or by appointing the Chair of the AGM as a proxy in advance of the meeting.
For further information, please contact:
Argentex Group PLC
Carl Jani, Harry Adams - Co-CEOs
(Via FTI Consulting)
FTI Consulting (Financial PR)
Ed Berry
Telephone: 0203 727 1046
argentex@fticonsulting.com
Numis Securities Limited (Nominated Adviser and Broker)
Stephen Westgate, Charlie Farquhar, Laura White, Hugo Rubinstein
Telephone: +44 (0) 20 7260 1000
About Argentex Group PLC
Argentex is a UK-based foreign exchange service provider founded in 2011 by its current senior management and Pacific Investments. It operates as a Riskless Principal broker for non-speculative spot and forward foreign exchange and structured financial derivative contracts.
The Group delivers tailored foreign exchange advisory and execution services to a global client base consisting principally of institutions, corporates and high net worth individuals. It provides a personal client-led service, improved pricing and a more efficient execution and settlement service than existing FX service providers, such as banks and larger broker-dealers.
The business assists customers with foreign exchange transactions which are related to genuine underlying business needs. It does not engage in speculative trades for its clients, nor does it offer margin trading, spread betting, CFDs or similar products and it does not speculate with its own funds as principal.
Since the business commenced trading in 2012, it has experienced significant year-on-year growth in customers, transaction volumes and revenue. Argentex has been profitable in every financial year since incorporation.
Argentex has a rigorous risk management culture and robust compliance procedures. It is authorised and regulated by the FCA as an Electronic Money Institution and is an IFPRU €125k Investment Firm. Argentex only trades with Institutional Counterparties with robust balance sheets, high credit ratings and sound capital resources and performs rigorous KYC and AML checks prior to accepting new clients.