Annuncio • Aug 07
IFX (UK) LTD cancelled the acquisition of Argentex Group PLC (AIM:AGFX) from group of shareholders. IFX (UK) LTD proposed to acquire Argentex Group PLC (AIM:AGFX) from group of shareholders for £2.9 million on April 23, 2025. IFX payments to acquire the entire issued and to be issued share capital of the Company, at a price of £0.0249 per Argentex share in cash. In a related transaction, Argentex Group PLC (AIM:AGFX) has also received non-binding indicative acquisition proposals from Pollen Street Capital Limited & Terry Clune and Harry Adams. The Board has unequivocally rejected the Proposals received from (i) Lumon Acquisitions Limited; and (ii) Terry Clune and Harry Adams. Although discussions are at an advanced stage, the Board cautions that there can be no certainty that a firm offer will be made for the Company nor to the terms of any such offer. Argentex shareholders are advised to take no action. IFX Payments has received irrevocable undertakings from the Argentex directors and certain other Argentex shareholders to vote, or procure a vote, in favor of a firm offer at a price consistent with the Possible Offer in respect of a total of 70,161,376 Argentex shares representing, in aggregate, approximately 58.26% of the issued ordinary share capital of Argentex as at the date of this announcement. The irrevocable undertakings remain binding in the event of a competing offer. The Argentex Directors unanimously intend to recommend the Acquisition. Argentex Shares are currently admitted to trading on AIM. It is intended that a request will be made to the London Stock Exchange to cancel trading in Argentex Shares on AIM, and to re-register it as a private limited company, to take effect shortly after the Effective Date. The consideration necessary to satisfy the Acquisition in full will be funded from IFX Payments' existing cash resources. The Acquisition will be on the terms and subject to the Condition. The Conditions include, amongst others: (a) the approval by a majority in number representing not less than 75%. in value of the Scheme Shareholders who are on the register of members of Argentex, (b) the passing of all resolutions required to approval and implement the Scheme by the requisite majority or majorities of Argentex Shareholders at the General Meeting; (c) the sanction of the Scheme by the Court with or without modification, (d) the delivery of a copy of the Scheme Court Order to the Registrar of Companies for registration; (e) regulatory approval from the FCA, DFSA and Dutch Central Bank.
The Board of Argentex Group and IFX Payments have reached agreement on April 25, 2025.
The Scheme is expected to become Effective during the second half of the calendar year 2025.
As of May 6, 2025, Argentex Group plc announces that it has arranged a revolving credit facility (RCF) with IFX Payments for up to £20 million. The RCF is in addition to the bridge funding of £10.5 million provided to the Company by IFX Payments. The Company has now secured further immediate ongoing liquidity support by way of the RCF, and therefore trading in the Argentex Group ordinary shares on AIM will be restored, effective from May 6, 2025. As of May 21, 2025, Argentex announces that it has published a circular in relation to the Acquisition (the "Scheme Document") today, together with the Forms of Proxy for the Court Meeting and the General Meeting. Court Meeting and the General Meeting will be held on June 11, 2025. As of May 29, 2025, Terry Clune and Harry Adams confirm that they do not intend to make an offer for Argentex. As of June 11, 2025, approval of court and approval of Argentex Group PLC shareholders have been received.
Tom Salvesen, James Maxwell and James Todd of Singer Capital Markets Advisory LLP acted as financial advisor for Argentex Group PLC. Strand Hanson Limited acted as financial advisor to IFX. Clive Hopewell and Fiona McFarlane of Bird & Bird LLP acted as legal advisor to IFX Payments. Gowling WLG is acted as legal advisor to Argentex.
IFX (UK) LTD cancelled the acquisition of Argentex Group PLC (AIM:AGFX) from group of shareholders on August 7, 2025. Annuncio • Jun 11
Argentex Group plc Announces Resignation of Daniel Ross as COO Argentex Group PLC announced On 25 April 2025 that Daniel Ross left the company as Chief Commercial Officer. Annuncio • Jun 09
Argentex Response to Media Speculation and Rejects Lavide Holding Offer The Board of Argentex Group PLC (AIM:AGFX) noted recent media speculation and confirmed that on 6 June 2025 it received a highly preliminary non-binding proposal ("the Proposal") from Lavide Holding N.V. (ENXTAM:LVIDE) (and not Haerlem Capital as has been reported), a Euronext listed financial holding company with a current market capitalisation of c.€3 million, to make an equity investment in Argentex through the issuance of newly issued shares in order to obtain a 50% equity interest in the Company for a cash consideration of £2.5 million. The Proposal also includes the potential provision of a £15 million credit facility to the Company upon completion. The Board wishes to clarify that it has unanimously rejected the Proposal on the basis that it does not constitute an offer for the entire issued share capital of the Company, and that its proposed funding falls materially below that provided by IFX Payments and the level that Argentex requires to continue trading and fulfil its ongoing regulatory obligations. Annuncio • May 09
Argentex Group PLC Announces Board Changes Argentex Group PLC announced that, following the April 25, 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 May 2, 2025. 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. Annuncio • May 07
Argentex Group PLC Announces Resignation of Guy Rudolph as Chief Financial Officer Argentex Group PLC announced that Guy Rudolph, the Company's Chief Financial Officer, on 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. Annuncio • Apr 25
IFX (UK) LTD proposed to acquire Argentex Group PLC (AIM:AGFX) from group of shareholders for £2.9 million. IFX (UK) LTD proposed to acquire Argentex Group PLC (AIM:AGFX) from group of shareholders for £2.9 million on April 23, 2025. IFX payments to acquire the entire issued and to be issued share capital of the Company, at a price of £0.0249 per Argentex share in cash. In a related transaction, Argentex Group PLC (AIM:AGFX) has also received non-binding indicative acquisition proposals from Pollen Street Capital Limited & Terry Clune and Harry Adams. The Board has unequivocally rejected the Proposals received from (i) Lumon Acquisitions Limited; and (ii) Terry Clune and Harry Adams. Although discussions are at an advanced stage, the Board cautions that there can be no certainty that a firm offer will be made for the Company nor to the terms of any such offer. Argentex shareholders are advised to take no action. IFX Payments has received irrevocable undertakings from the Argentex directors and certain other Argentex shareholders to vote, or procure a vote, in favour of a firm offer at a price consistent with the Possible Offer in respect of a total of 70,161,376 Argentex shares representing, in aggregate, approximately58.26% of the issued ordinary share capital of Argentex as at the date of this announcement. The irrevocable undertakings remain binding in the event of a competing offer.
Tom Salvesen, James Maxwell and James Todd of Singer Capital Markets Advisory LLP acted as financial advisor for Argentex Group PLC. Strand Hanson Limited acted as financial advisor to IFX. Annuncio • Apr 16
Argentex Group PLC, Annual General Meeting, Jun 11, 2025 Argentex Group PLC, Annual General Meeting, Jun 11, 2025. Location: gowling wlg, 4 more london riverside, se1 2au, london United Kingdom Annuncio • Apr 03
Argentex Group PLC Appoints Jeff Parker as Independent Non-Executive Director, with Effect from 1 April 2025 Argentex Group PLC announced the appointment of Jeff Parker to the Board as an Independent Non-Executive Director, with effect from 1 April 2025. Jeff is currently CEO of global payments service Paymentology. He has deep experience in the payments business landscape, having held senior positions in four large, international payments businesses, two of which he was CEO. Of the four payments businesses that he has been involved in, two are listed entities, OzForex (ASX) and Marqeta (NASDAQ). He has spent over 20 years in the broader financial services arena accumulated across four continents. In accordance with Schedule 2(g) of the AIM Rules, Jeff Parker (aged 47) currently holds the following directorships: Paymentology UK; Paymentology Holdings; Whisky Brother UK; Whisky Brother Property. Previous directorships held in the past five years: Marqeta UK; S&J Parker Limited; Worldfirst Advisory Services; Worldfirst Services Ltd; Worldfirst UK Ltd; Worldfirst Markets Ltd; Worldfirst Singapore; Worldfirst Australia; Worldfirst Hong Kong. Annuncio • Mar 19
Argentex Group PLC to Report Fiscal Year 2024 Results on Apr 02, 2025 Argentex Group PLC announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 02, 2025 Annuncio • Jan 21
Argentex Group plc Revises Revenue Guidance for the Year 2024 Argentex Group PLC revised revenue guidance for the year 2024. The Board expects to report FY24 revenues of approximately £50.3 million, marginally ahead of FY23 (£49.9 million), and ahead of mid £40 millions original expectations for the year. Annuncio • Aug 14
Argentex Group PLC to Report First Half, 2024 Results on Sep 18, 2024 Argentex Group PLC announced that they will report first half, 2024 results on Sep 18, 2024 Annuncio • May 16
Argentex Group PLC, Annual General Meeting, Jun 19, 2024 Argentex Group PLC, Annual General Meeting, Jun 19, 2024. Location: the offices of gowling wlg, 4 more london riverside, se1 2au, london United Kingdom Annuncio • May 11
Argentex Group PLC has completed a Follow-on Equity Offering in the amount of £3.249679 million. Argentex Group PLC has completed a Follow-on Equity Offering in the amount of £3.249679 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,217,175
Price\Range: £0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,333
Price\Range: £0.45
Transaction Features: Regulation S Annuncio • May 04
Argentex Group PLC has filed a Follow-on Equity Offering in the amount of £5.09434 million. Argentex Group PLC has filed a Follow-on Equity Offering in the amount of £5.09434 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,217,175
Price\Range: £0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,103,579
Price\Range: £0.45
Transaction Features: Regulation S Annuncio • Jan 30
Argentex Appoints Guy Rudolph as Interim Chief Financial Officer with Effect from 31 January 2024 Argentex announced the appointment of Guy Rudolph as Interim Chief Financial Officer with effect from 31 January 2024. Guy is a qualified chartered accountant and began his career at PwC before joining Vodafone where he spent 16 years driving transformation across international teams in his roles as Group Audit and Risk Director, and Director of Group Financial Operations. He was also the deputy CFO of Camelot from 2017 to 2022 and later interim Director of Group Finance at Rank Group plc. Annuncio • Nov 17
Argentex Group plc Appoints Tim Haldenby as an Independent Non-Executive Director Argentex Group plc announced the appointment of Tim Haldenby as an independent Non-executive Director with effect from 15 November 2023. Tim will become Chair of the Audit and Risk Committee, and joins the Remuneration and Nomination Committees, on appointment. Tim was appointed as Chief Data Officer at Camelot UK Lotteries Limited in 2022, after rejoining the UK business in 2018 as Chief of Staff, after previously joining Camelot Global as Head of Strategy in 2014. Tim is a qualified management accountant (CIMA). Annuncio • Nov 11
Argentex Group plc Announces the Resignation of Jo Stent from the Board Argentex Group plc announced the resignation of Jo Stent, Chief Financial Officer from the Board of the Company with immediate effect. She has agreed to work her notice period whilst a suitable replacement is identified. Annuncio • Nov 10
Argentex Group plc Provides Earnings Guidance for the Full Year Ending December 31, 2023 Argentex Group PLC provided earnings guidance for the full year ending December 31, 2023. The company expected revenue and operating profit for the year ending 31 December 2023 at approximately the same levels as for the twelve months ended 31 December 2022, which are below current market forecasts. Annuncio • Oct 27
Argentex Group PLC Announces Chief Executive Officer Changes Argentex Group PLC announced that Harry Adams, Chief Executive Officer, has left the Company with immediate effect. Jim Ormonde, has been appointed to act as Chief Executive Officer on an interim basis. Previously, Mr. Ormonde was CEO of Cardsave. He was also a director of Retail Merchant Services which was sold successfully to TCV Private Equity. He has acted as a consultant and adviser to various Fintech businesses, including Argentex, and is currently Chairman of Gusbourne plc.