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.
IFX’s offer values Argentex at just £3 million – a 94% discount to the company’s £52 million valuation when Argentex last traded.
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.