REG - Argentex Group PLC - Announcement of VREQ

ArgentexAnnouncement

Thu 12:00

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RNS Number : 5805O  Argentex Group PLC  26 June 2025

 

26 June 2025

Argentex Group PLC

("Argentex" or the "Group")

Announcement of VREQ

 

Argentex announces that their main trading subsidiary, Argentex LLP, has
agreed a Voluntary Requirement ("VREQ") with the FCA, which introduces certain
restrictions on new trading activity. These measures form part of the FCA's
ongoing supervisory engagement with Argentex LLP following recent market
volatility and liquidity pressures. The VREQ permits Argentex LLP to continue
servicing clients under defined parameters, while limiting new trading
activity to specific products within agreed trading limits approved by the
regulator.

In parallel, the FCA has confirmed a new Individual Liquidity Guidance (ILG)
level of £23.62 million, effective from 16 July 2025. The Group is taking
proactive steps to meet this requirement.

The Group continues to operate with full client money protection in accordance
with applicable regulatory regimes and remains committed to maintaining a
strong and transparent relationship with the FCA.

The Board and senior management team remain focused on stabilising the firm's
financial position, safeguarding client interests, and supporting a return to
normalised trading conditions in due course.

Enquiries:

 Argentex Group plc                                                            c/o Teneo Financial Advisory Limited

 Tim Rudman - Interim Chief Executive Officer
 Singer Capital Markets Advisory LLP (Nominated Adviser and Financial Adviser  +44 (0) 20 7496 3000
 to Argentex)

Tom Salvesen

James Maxwell

James Todd
 Teneo Financial Advisory Limited (Capital Market Communications Ltd)          +44 (0) 20 7260 2700
 (Financial PR Adviser to Argentex)
 James Macey-White

Victoria Boxall

 Riann Cato

 

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