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9 Jun 2025 12:05
09 June 2025
Argentex Group plc
("Argentex" or the "Company")
Response to media speculation
The Board of Argentex notes recent media speculation and confirms that on 6 June 2025 it received a highly preliminary non-binding proposal ("the Proposal") from Lavide Holding N.V. (and not Haerlem Capital as has been reported), a Euronext listed financial holding company with a current market capitalisation of c.€3 million, to make an equity investment in Argentex through the issuance of newly issued shares in order to obtain a 50% equity interest in the Company for a cash consideration of £2.5m. The Proposal also includes the potential provision of a £15 million credit facility to the Company upon completion.
The Board wishes to clarify that it has unanimously rejected the Proposal on the basis that it does not constitute an offer for the entire issued share capital of the Company, and that its proposed funding falls materially below that provided by IFX Payments and the level that Argentex requires to continue trading and fulfil its ongoing regulatory obligations.
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