REG - Argentex Group PLC - Update on RCF utilisation and current trading

ArgentexAnnouncement

30/05/2025 16:15

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RNS Number : 8613K  Argentex Group PLC  30 May 2025

Argentex Group plc

("Argentex" or the "Company")

 

 

Update on Revolving Credit Facility utilisation and current trading

 

Argentex Group PLC (AIM: AGFX) announces that on 28 May 2025 it drew down
£5.71 million of the £20 million revolving credit facility ("RCF") provided
by IFX Payments, taking overall utilisation of the RCF to £6.42 million.
These drawn amounts are in addition to the £10.5 million secured bridging
loan provided by IFX Payments and have been applied to ensure that the Company
remains within its liquid assets threshold requirement (LATR) and to satisfy
certain margin calls from its liquidity providers.

The Company also announces that following the restoration of trading of
Argentex shares on AIM on 6 May 2025, trading levels have been very
significantly reduced and remain restricted to spot transactions and a limited
number of forwards, which reduces the overall risk profile of the trading
book.  No option transactions have been entered into since 9 April.

For further information, please contact:

Argentex Group PLC

Tim Rudman - Interim Chief Executive Officer

investorrelations@argentex.com

 

Teneo (Financial PR)

James Macey-White/Victoria Boxall/ Riann Cato

argentex@teneo.com, 020 7260 2700

 

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

Tom Salvesen / James Maxwell / James Todd

020 7496 3000

 

 

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