REG - Lumon Acquisitions Argentex Group PLC - Statement regarding Argentex Group

ArgentexAnnouncement

30/05/2025 09:45

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RNS Number : 7919K  Lumon Acquisitions Limited  30 May 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS
AND MERGERS (THE "CODE").

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE.

30 May 2025

No intention to make an offer for Argentex Group plc ("Argentex")

Further to the separate announcements by Argentex and Lumon Acquisitions
Limited ("Lumon") on 23 Arpil 2025, Lumon announces that it does not intend to
make an offer for Argentex under Rule 2.7 of the City Code on Takeovers and
Mergers (the "Code").

This is a statement made in accordance with Rule 2.6(d) of the Code and to
which Rule 2.8 of the Code applies. As a result of this announcement, Lumon
will, together with any party acting in concert with it, be bound by the
restrictions contained in Rule 2.8 of the Code.

For the purpose of Rule 2.8 of the Code, Lumon, and any person(s) acting in
concert with it, reserves the right to make or participate in an offer for
Argentex (and/or take any other action which would otherwise be restricted
under Rule 2.8 of the Code) within six months of the date of this
announcement:

a)   with the agreement of the board of directors of Argentex provided that
such agreement is only given if the recommended cash acquisition of Argentex
by IFX (UK) Ltd is withdrawn or lapses, and only after such lapse or
withdrawal;

b)   following the announcement of a firm intention to make an offer for
Argentex by or on behalf of a third party other than IFX;

c)   if Argentex announces a Rule 9 waiver proposal (as described in Note 1
on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in
the Code);

d)   if there has been a material change of circumstances (as determined by
the Panel on Takeovers and Mergers (the "Panel")); or

e)   in such other circumstances as the Panel may permit.

 

Enquiries:

 

 Lumon and Pollen Street Capital                                          c/o FGS Global

 Cavendish Capital Markets (Financial Adviser to Lumon and Pollen Street  +44 (0) 20 7220 0500
 Capital)
 Marc Milmo

Henrik Persson

Fergus Sullivan

 George Lawson
 FGS Global (Communications adviser to Lumon)                             +44 (0) 7855 955 531

Chris Sibbald

 

Important information

This announcement is not intended to, and does not constitute, an offer to
sell or the solicitation of an offer to subscribe for or buy, or an invitation
to subscribe for or to purchase any securities, or the solicitation of any
vote, in any jurisdiction. This is an announcement under Rule 2.8 of the Code
and does not constitute an announcement of a firm intention to make an offer
under Rule 2.7 of the Code.

The release, publication or distribution of this announcement in jurisdictions
outside the United Kingdom may be restricted by law and therefore persons into
whose possession this announcement comes should inform themselves about, and
observe such restrictions. Any failure to comply with such restrictions may
constitute a violation of the securities law of any such jurisdiction.

 

 

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