REG - ARGO Group Limited - Annual Management Fee <Origin Href="QuoteRef">ARGOA.L</Origin>

ArgoAnnouncement

28/03/2017 17:00

RNS Number : 8039A
ARGO Group Limited
28 March 2017
28 March 2017
Argo Group Limited ("AGL" or "the Company")
Argo Group Limited, the independent alternative investment manager offering a multi-strategy platform for investing in global emerging markets, announces that it has agreed to reduce the annual management fee it receives from the Argo Real Estate Opportunities Fund Limited ("AREOF" or "the Fund") from EUR 2m to EUR 1m. The fee reduction is part of a wider restructuring of AREOF which aims to reduce the Fund's liabilities and return it to a positive equity position.
Enquiries:
Argo Group Limited
Andreas Rialas
020 7016 7660
Panmure Gordon
Dominic Morley
020 7886 2500
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange
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