REG - Argentex Group PLC - Board Changes

ArgentexAnnouncement

06/05/2025 07:15

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RNS Number : 4359H  Argentex Group PLC  06 May 2025

6 May 2025

 

Argentex Group plc

("Argentex" or the "Company")

 

Board Changes

 

Argentex Group PLC (AIM: AGFX) announces that, following the 25 April 2025
announcement regarding the recommended acquisition of Argentex by IFX
Payments, the directors had reviewed the composition of the board and agreed
that it would be in the best interests of the Company and its shareholders to
reduce the number of directors.  Accordingly, each of Henry Beckwith, Lord
Digby Jones, Rina Ladva and Jeff Parker (all non-executive directors of the
Company) agreed to resign and left the board on Friday 2 May 2025.

 

In addition, Guy Rudolph, the Company's Chief Financial Officer, on Friday 2
May 2025 notified the board of his resignation. Guy will continue to serve as
Chief Financial Offer of the Company whilst he serves out his notice period of
6 months.

 

Following the completion of statutory Due Diligence checks, Tim Rudman was
formally appointed to the board on 5 May 2025.

 

Following Tim's appointment the board now consists of Nigel Railton,
non-executive chairman, Jonathan Gray, senior independent non-executive
director, Tim Haldenby, independent non-executive director and Tim Rudman as
Chief Executive Officer.

 

Nigel Railton, Chairman of Argentex said:

 

"Against the background of an extremely challenging past few weeks for
Argentex, I would like to thank Henry, Lord Digby, Rina and Jeff for their
expertise and contribution to Argentex during their tenure with the Company.
Each of their experiences have provided valuable perspective for both the
board and the wider group.  We wish each of them well for the future."

 

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

 

Disclosure under Schedule 2(g) of the AIM Rules for Companies

 

Timothy James Rudman, aged 41, holds/has held the following directorships in
the last five years:

 

 Current Directorships / Partnerships  Previous Directorships / Partnerships
 ·      N/A                            ·      Foreign Currency Exchange Limited
                                       ·      Global Reach Partners Limited
                                       ·      Rudman Capital Ventures LTD

 

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