Argentex shareholders approve acquisition by IFX Payments
The requisite majority of Argentex Shareholders voted to pass the Special Resolution at the General Meeting to approve the implementation of the Scheme.
The requisite majority of Argentex Shareholders voted to pass the Special Resolution at the General Meeting to approve the implementation of the Scheme.
The Board of Argentex today confirmed that on 6 June 2025 it received a highly preliminary non-binding proposal from Lavide Holding N.V.
Terry Clune and Harry Adams have confirmed that they do not intend to make an offer for Argentex.
Tenora was created to challenge outdated FX service models that lack transparency and accountability.
The directors had reviewed the composition of Argentex’s board and agreed to reduce the number of directors.
Trading in Argentex’s Ordinary Shares on AIM will be restored, effective from 7.30 a.m. today.
IFX’s offer values Argentex at just £3 million – a 94% discount to the company’s £52 million valuation when Argentex last traded.
Argentex Group PLC today announced that Jim Ormonde, Chief Executive Officer, has left the company with immediate effect.
The 2.49 pence-per-share offer equates to a market value of just £3.1 million for Argentex.
The Board of Argentex today confirmed that it has received non-binding indicative proposals regarding separate possible offers for the company.