9th Jun 2025 12:05
RNS Number : 0350M
Argentex Group PLC
09 June 2025
09 June 2025
Argentex Group plc
("Argentex" or the "Company")
Response to media speculation
The Board of Argentex notes recent media speculation and confirms that on 6 June 2025 it received a highly preliminary non-binding proposal ("the Proposal") from Lavide Holding N.V. (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 £2.5m. 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.
For further information, please contact: |
Argntex Group plc Tim Rudman - Interim Chief Executive | c/o Teneo Financial Advisory Limited | Singer Capital Markets (Nomad and Broker, Financial Adviser) James Maxwell / Tom Salvesen / Asha Chotai | Tel: 0207 496 3000 | Teneo Financial Advisory Limited (Capital Market Communications Ltd) (Financial PR Adviser to Argentex) James Macey-White Victoria Boxall Riann Cato | Tel: 0207 260 2700 |
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Related Shares:
Argentex Group.
