REG - Argentex Group PLC - Update on Financial Position and Suspension

ArgentexAnnouncement

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RNS Number : 3937R  Argentex Group PLC  17 July 2025

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For release at 0700hrs

 

17 July 2025

 

Argentex Group plc

 

("Argentex" or the "Company")

 

Update on Financial Position and Suspension

 

 

 

The Board of Argentex Group plc announces that, as disclosed in the
announcement of 26 June, its main trading subsidiary, Argentex LLP, had agreed
with the Financial Conduct Authority ("FCA") to enter a Voluntary Requirement
("VREQ").  The VREQ allowed Argentex LLP to continue servicing clients under
defined parameters and required it to satisfy a new Individual Liquidity
Guidance ("ILG") level by 15 July 2025.  The Company expected that the ILG
would be satisfied via the provision of an additional secured Revolving Credit
Facility.

 

The Company has not been able to secure that additional funding, nor does the
Company have any other source of alternative funding or liquidity available to
it, in the near future.  Consequently, Argentex LLP is not able to operate
within the regulatory obligations of the VREQ and will now cease any further
commercial and trading activity until the terms of the VREQ are met.

 

In light of the above, trading in the Company's Ordinary Shares will be
suspended pending a further announcement.

 

Further announcements will be made in due course.

 

For further information, please contact:

 

Argentex Group PLC

 

Tim Rudman - Interim Chief Executive Officer

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

 

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

 

Tom Salvesen / James Maxwell / James Todd

020 7496 3000

 

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