REG - Argentex Group PLC - Response to media speculation

ArgentexAnnouncement

09/06/2025 12:15

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RNS Number : 0350M  Argentex Group PLC  09 June 2025

 

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.

 

 For further information, please contact:
 Argntex Group plc                                                       c/o Teneo Financial Advisory Limited

 Tim Rudman - Interim Chief Executive

 Singer Capital Markets                                                  Tel: 0207 496 3000

 (Nomad and Broker, Financial Adviser)

 James Maxwell / Tom Salvesen / Asha Chotai
 Teneo Financial Advisory  Limited (Capital Market Communications Ltd)   Tel: 0207 260 2700
 (Financial PR Adviser to Argentex)

 James Macey-White

 Victoria Boxall

 Riann Cato

 

 

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