(Alliance News) - Argentex Group PLC on Monday confirmed it has rejected a proposal from Lavide Holding NV, saying the approach does not represent an offer for the full company and falls well short of the funding it needs to continue trading. Read More
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
(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
(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
(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
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
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
(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
(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
(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
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
(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
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
(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
(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
(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
(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