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Pin to quick picksArgentex Group. Regulatory News (AGFX)

  • This share is currently suspended. It was suspended at a price of 2.45
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Update on Financial Position and Suspension

17 Jul 2025 07:00

RNS Number : 3937R
Argentex Group PLC
17 July 2025
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

For release at 0700hrs

 

17 July 2025

 

Argentex Group plc

 

("Argentex" or the "Company")

 

Update on Financial Position and Suspension

 

 

 

The Board of Argentex Group plc announces that, as disclosed in the announcement of 26 June, its main trading subsidiary, Argentex LLP, had agreed with the Financial Conduct Authority ("FCA") to enter a Voluntary Requirement ("VREQ"). The VREQ allowed Argentex LLP to continue servicing clients under defined parameters and required it to satisfy a new Individual Liquidity Guidance ("ILG") level by 15 July 2025. The Company expected that the ILG would be satisfied via the provision of an additional secured Revolving Credit Facility.

 

The Company has not been able to secure that additional funding, nor does the Company have any other source of alternative funding or liquidity available to it, in the near future. Consequently, Argentex LLP is not able to operate within the regulatory obligations of the VREQ and will now cease any further commercial and trading activity until the terms of the VREQ are met.

 

In light of the above, trading in the Company's Ordinary Shares will be suspended pending a further announcement.

 

Further announcements will be made in due course.

 

For further information, please contact:

 

Argentex Group PLC

 

Tim Rudman - Interim Chief Executive Officer

investorrelations@argentex.com

 

Singer Capital Markets (Financial Adviser, Nominated Adviser and Broker)

 

Tom Salvesen / James Maxwell / James Todd

020 7496 3000

 

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END
 
 
UPDUNAORVWUBAUR
Date   Source Headline
2nd Sep 20257:00 amRNSCancellation - Argentex Group PLC
7th Aug 20257:09 amRNSTermination of recommended cash acquisition by IFX
7th Aug 20257:00 amRNSLapsing of Acquisition
1st Aug 20259:37 amRNSResignation of Nominated Adviser and Broker
24th Jul 20253:29 pmRNSAppointment of Administrators
22nd Jul 20258:54 amRNSBoard change
21st Jul 20256:00 pmRNSAppointment of Special Administrators
21st Jul 20257:00 amRNSStatement re recommended acquisition of Argentex
18th Jul 20254:30 pmRNSIntention to Appoint Administrators
18th Jul 20257:00 amRNSAnnouncement of VREQ
17th Jul 20259:46 amRNSForm 8.5 (EPT/RI)
17th Jul 20257:30 amRNSSuspension - Argentex Group plc
17th Jul 20257:00 amRNSUpdate on Financial Position and Suspension
16th Jul 202510:41 amRNSForm 8.5 (EPT/RI)
15th Jul 202511:12 amRNSForm 8.5 (EPT/RI)
15th Jul 20258:57 amRNSForm 8 (DD) - IFX (UK) Ltd
14th Jul 202511:51 amRNSForm 8.5 (EPT/RI)
14th Jul 202510:24 amRNSForm 8 (DD) - IFX (UK) Ltd
11th Jul 202512:01 pmRNSForm 8.5 (EPT/RI)
10th Jul 202510:55 amRNSForm 8.5 (EPT/RI)
9th Jul 20259:48 amRNSForm 8.5 (EPT/RI)
9th Jul 20258:12 amRNSForm 8 (DD) - Argentex Group PLC
8th Jul 202510:47 amRNSForm 8.5 (EPT/RI)
8th Jul 20258:48 amRNSForm 8 (DD) - IFX (UK) Ltd
8th Jul 20257:00 amRNSAmendment to RCF & Announcement of VREQ
4th Jul 202510:04 amRNSForm 8.5 (EPT/RI)
3rd Jul 202512:11 pmRNSForm 8.5 (EPT/RI)
2nd Jul 202512:07 pmRNSForm 8.5 (EPT/RI)
1st Jul 202511:16 amRNSForm 8.5 (EPT/RI)
30th Jun 20254:43 pmRNSForm 8 (DD) - IFX (UK) Ltd - AMEND
30th Jun 202511:35 amRNSForm 8.5 (EPT/RI)
30th Jun 20259:48 amRNSForm 8 (DD) - IFX (UK) Ltd
27th Jun 202510:33 amRNSForm 8 (DD) - Argentex Group PLC
27th Jun 202510:03 amRNSForm 8.5 (EPT/RI)
26th Jun 202512:00 pmRNSAnnouncement of VREQ
26th Jun 202511:57 amRNSForm 8.5 (EPT/RI)
26th Jun 20259:13 amRNSForm 8 (DD) - Argentex Group PLC
25th Jun 202510:09 amRNSForm 8.5 (EPT/RI)
25th Jun 202510:08 amRNSForm 8 (DD) - Argentex Group PLC
24th Jun 202510:01 amRNSForm 8.5 (EPT/RI) Argentex Group PLC
23rd Jun 202510:33 amRNSForm 8 (DD) - Argentex Group PLC
23rd Jun 202510:12 amRNSForm 8.5 (EPT/RI)
20th Jun 202511:13 amRNSForm 8 (DD) - Argentex Group PLC
20th Jun 202510:09 amRNSForm 8.5 (EPT/RI)
19th Jun 202512:02 pmRNSForm 8.5 (EPT/RI)
18th Jun 202512:02 pmRNSForm 8.5 (EPT/RI)
17th Jun 20259:52 amRNSForm 8.5 (EPT/RI)
16th Jun 20259:19 amRNSForm 8.5 (EPT/RI)
13th Jun 202512:06 pmRNSForm 8.5 (EPT/RI)
12th Jun 202511:57 amRNSForm 8.5 (EPT/RI)

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