Announcement of VREQ

Argentex

18/07/2025 07:00

RNS Number : 5750R

Argentex Group PLC

18 July 2025

 

 

18 July 2025

Argentex Group PLC

("Argentex" or the "Group")

Announcement of VREQ

 

Argentex Group PLC ("Argentex" or the "Group") announces that their main trading subsidiary, Argentex LLP, has agreed to a Voluntary Requirement ("VREQ") imposed by the FCA, which introduces a business restriction requiring it to cease all regulated activity, to not register and onboard new customers, and to not open any new foreign exchange trades. These restrictions also require the firm to take all reasonable steps to stop incoming payments from existing customers. These measures form part of the FCA's ongoing supervisory engagement with Argentex LLP following recent market volatility and liquidity pressures.

Enquiries:

Argentex Group plc
Tim Rudman - Interim Chief Executive Officer
c/o Teneo Financial Advisory Limited
Singer Capital Markets Advisory LLP (Nominated Adviser and Financial Adviser to Argentex)
Tom Salvesen
 James Maxwell
 James Todd
+44 (0) 20 7496 3000
Teneo Financial Advisory Limited(Capital Market Communications Ltd) (Financial PR Adviser to Argentex)James Macey-White
 Victoria Boxall
Riann Cato
+44 (0) 20 7260 2700

 

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