REG - Argentex Group PLC - Board Change

ArgentexAnnouncement

26/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231026:nRSZ3205Ra&default-theme=true

RNS Number : 3205R  Argentex Group PLC  26 October 2023

26 October 2023

Argentex Group PLC

("Argentex" or "the Company")

 

Board Change

Argentex Group PLC (AIM: AGFX), the service-led, tech-enabled provider of
currency management and payment services to international institutions and
corporates, announces that Harry Adams, Chief Executive Officer, has left the
Company with immediate effect.

Jim Ormonde, has been appointed to act as Chief Executive Officer on an
interim basis.

 

Previously, Mr Ormonde was CEO of Cardsave, one of Europe's largest
independent payments businesses. He was also a director of Retail Merchant
Services which was sold successfully to TCV Private Equity. He has acted as a
consultant and adviser to various Fintech businesses, including Argentex, and
is currently Chairman of Gusbourne plc, an AIM listed English wine producer.

 

Nigel Railton, Chairman, commented -

 

"We have recently conducted a review of Argentex's strategy and have
identified a number of areas of focus to ensure the continued growth of the
business. Jim is an experienced operator with a strong track record in
successfully scaling technology businesses and I am pleased that he has agreed
to step up and lead the team to start the important process of
implementation."

 

The information contained within this announcement is deemed by the Group to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.

 

For further information, please contact:

 

Argentex Group PLC

 

Nigel Railton - Chairman

 

Jim Ormonde - Interim Chief Executive Officer

 

Jo Stent - Chief Financial Officer

 

investorrelations@argentex.com

 

FTI Consulting (Financial PR)

 

Ed Berry / Ambrose Fullalove / Jenny Boyd

 

argentex@fticonsulting.com (mailto:argentex@fticonsulting.com)

 

07970 982 748

 

Singer Capital Markets (Nominated Adviser and Broker)

 

Tom Salvesen / James Maxwell / Justin McKeegan / Angus Campbell

 

020 7496 3000

 

Additional information

James Ormonde (aged 52) is, or has been, a director or partner of the
following companies or partnerships during the previous five years:

 

 Current Directorships/Partnerships:   Previous Directorships/Partnerships (last 5 years):
 Gusbourne plc                         Anston Capital LLP
 BlackDesk Consulting Limited          Anston Limited
                                       Anstson Alpha Strategies LLP
                                       RMS Holdco Limited

 

Save as set out above there are no other disclosures in respect of the
appointment of James Ormonde that are required to be made under Rule 17 or
Schedule 2(g) of the AIM Rules for Companies.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAMABRTMTITBJJ