The board of Argentex announced that each of the resolutions posed at the Court Meeting and the General Meeting held earlier today in connection with the acquisition recommended cash acquisition by IFX Payments were approved by the requisite majorities.

In particular:

• the requisite majority of Scheme Shareholders voted in favour of the resolution to approve the Scheme at the Court Meeting; and
• the requisite majority of Argentex Shareholders voted to pass the Special Resolution at the General Meeting to approve the implementation of the Scheme (including the amendment of the Argentex Articles),

and accordingly the acquisition was approved.

The acquisition remains subject to receiving the regulatory approval from the FCA, DFSA and Dutch Central Bank, the Court sanctioning the Scheme at the Court Sanction Hearing, and the delivery of a copy of the Scheme Court Order to the Registrar of Companies and the Scheme thereby becoming effective.

The acquisition is currently expected to become effective during September 2025 and, subject to the acquisition becoming effective, settlement of the cash consideration due under the scheme is expected to take place within 14 days of the effective date.