The Board of Argentex Group plc today announced that Argentex LLP will cease any further commercial and trading activity.

As disclosed in the announcement of 26 June, its main trading subsidiary, Argentex LLP, had agreed with the Financial Conduct Authority (“FCA”) to enter a Voluntary Requirement (“VREQ”).

The VREQ allowed Argentex LLP to continue servicing clients under defined parameters and required it to satisfy a new Individual Liquidity Guidance (“ILG”) level by 15 July 2025. The Company expected that the ILG would be satisfied via the provision of an additional secured Revolving Credit Facility.

Argentex Group has not been able to secure that additional funding, nor does it have any other source of alternative funding or liquidity available to it, in the near future. Consequently, Argentex LLP is not able to operate within the regulatory obligations of the VREQ and will now cease any further commercial and trading activity until the terms of the VREQ are met.

In light of the above, trading in Argentex’s Ordinary Shares will be suspended pending a further announcement.