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Argentex Group. (AGFX) Share News

IN BRIEF: Argentex utilises credit facility to support liquidity

30th May 2025 20:10

Argentex Group PLC – London-based currency risk management firm – Says it drew down GBP5.7 million from its GBP20 million revolving credit facility on Wednesday this week. Notes total facility utilisation of GBP6.4 million, in addition to GBP10.5 million bridging loan from IFX Payments, the RCF provider. Says the funds are for remaining within the liquid asset threshold requirement and for the satisfaction of certain margin calls from liquidity providers. Notes "significantly reduced" trading levels since restoration of shares on AIM earlier this month. Read More

LONDON MARKET MIDDAY: London rises as EU strives for US trade deal

30th May 2025 11:54

(Alliance News) - European blue chips remained in the green at midday on Friday, as the EU remains committed to reaching a trade deal with the US and investors look to a US core personal consumption expenditures reading in the afternoon. Read More

Argentex suitors Clune, Adams and Lumon end takeover interest

30th May 2025 11:42

(Alliance News) - Argentex Group PLC was left with just one potential buyer on Friday, after Lumon Acquisitions Ltd, as well as Irish fintech entrepreneur Terry Clune and former Argentex Chief Executive Officer Harry Adams, each confirmed they no longer intend to make an offer for the UK-based currency services firm. Read More

LONDON MARKET MIDDAY: London stocks red as services sector contracts

6th May 2025 12:00

(Alliance News) - European stocks were in the red at midday on Tuesday, following an unexpected vote that saw German conservative leader Friedrich Merz fail to be elected as chancellor. Read More

AIM WINNERS & LOSERS: Facilities by ADF posts loss, tariff worry ahead

6th May 2025 11:00

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More

IN BRIEF: CEO leaves as Argentex accepts IFX Payments takeover offer

28th Apr 2025 09:10

Argentex Group PLC - London-based currency risk management - Chief Executive Officer Jim Rudman leaves immediately as Argentex on Friday says it has agreed to a GBP3 million cash takeover offer from IFX (UK) Ltd, trading as IFX Payments. Chief Operating Officer Tim Rudman is appointed as interim CEO. The announcement of Rudman's departure on Friday is made as Argentex and IFX say they have reached agreement on an offer for Argentex by IFX at 2.49 pence per share in cash. Earlier last week, Argentex had said it was in advanced talks with IFX on a possible takeover, as it warned it required an immediate cash injection to ensure solvency. Argentex and IFX on Friday said they have support for the takeover offer representing 58% of Argentex shares. Read More

TRADING UPDATES: Argentex agrees IFX bid; Marula strikes Botswana deal

25th Apr 2025 21:39

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

Argentex in advanced takeover talks with IFX amid liquidity decline

23rd Apr 2025 12:09

(Alliance News) - Argentex Group PLC on Wednesday said it is in advanced talks with IFX (UK) Ltd on a possible takeover as it warned it requires an immediate cash injection to ensure solvency. Read More

Argentex shares suspended amid liquidity concerns from FX volatility

22nd Apr 2025 08:53

(Alliance News) - Argentex Group PLC on Tuesday said trading in its shares has been suspended on London's AIM market as it grapples with a sharp deterioration in its short-term liquidity position. Read More

IN BRIEF: Argentex Chair Nigel Railton buys GBP120,000 in shares

14th Apr 2025 11:09

Argentex Group PLC - London-based international provider of foreign exchange services to institutions, corporates and high net worth private individuals - Chair Nigel Railton, together with Elizabeth Railton, buys 256,180 shares at 46.4 pence to 47.49p, worth about GBP120,000, on Wednesday to Friday last week. Railton now is interested in 1.7 million shares, a 1.4% stake. Read More

Argentex shares climb as second-half momentum continues into 2025

2nd Apr 2025 10:28

(Alliance News) - Argentex Group PLC on Wednesday said it is well positioned "to return to profitable growth" as it posted a swing to a loss and a marginal uptick in revenue in 2024. Read More

AIM WINNERS & LOSERS: Brighton Pier Group eyes AIM exit

2nd Apr 2025 09:34

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More

UK earnings, trading statements calendar - next 7 days

26th Mar 2025 15:43

TRADING UPDATES: ASA hails revenue jump; Cooks Coffee popularity rises

21st Jan 2025 14:33

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

DIRECTOR DEALINGS: Telecom Plus and Argentex chairs buy shares

6th Dec 2024 12:46

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More

Argentex Group remains optimistic despite swing to interim loss

18th Sep 2024 12:22

(Alliance News) - Argentex Group PLC on Wednesday set a more positive outlook for the second half of the year, despite swinging to a loss in the first. Read More

UK earnings, trading statements calendar - next 7 days

11th Sep 2024 14:18

Argentex shares up as revenue as expected; promotes Guy Rudolph to CFO

9th Jul 2024 13:52

(Alliance News) - Argentex Group PLC on Tuesday said it made good progress in implementing the key initiatives to transform its business into a leading provider of alternative banking solutions. Read More

UK shareholder meetings calendar - next 7 days

12th Jun 2024 16:07

IN BRIEF: Argentex up as secures Australian financial services license

4th Jun 2024 15:12

Argentex Group PLC - international provider of foreign exchange services for institutions, corporates and high-net-worth private individuals - Says it has been granted its Australian financial services license, which it calls a "pivotal step in the business's strategic plan." Read More

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