Argentex Group PLC Board Change (3205R)
October 26 2023 - 1:00AM
UK Regulatory
TIDMAGFX
RNS Number : 3205R
Argentex Group PLC
26 October 2023
26 October 2023
Argentex Group PLC
("Argentex" or "the Company")
Board Change
Argentex Group PLC (AIM: AGFX), the service-led, tech-enabled
provider of currency management and payment services to
international institutions and corporates, announces that Harry
Adams, Chief Executive Officer, has left the Company with immediate
effect.
Jim Ormonde, has been appointed to act as Chief Executive
Officer on an interim basis.
Previously, Mr Ormonde was CEO of Cardsave, one of Europe's
largest independent payments businesses. He was also a director of
Retail Merchant Services which was sold successfully to TCV Private
Equity. He has acted as a consultant and adviser to various Fintech
businesses, including Argentex, and is currently Chairman of
Gusbourne plc, an AIM listed English wine producer.
Nigel Railton, Chairman, commented -
"We have recently conducted a review of Argentex's strategy and
have identified a number of areas of focus to ensure the continued
growth of the business. Jim is an experienced operator with a
strong track record in successfully scaling technology businesses
and I am pleased that he has agreed to step up and lead the team to
start the important process of implementation."
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
For further information, please contact:
Argentex Group PLC
Nigel Railton - Chairman
Jim Ormonde - Interim Chief Executive Officer
Jo Stent - Chief Financial Officer
investorrelations@argentex.com
FTI Consulting (Financial PR)
Ed Berry / Ambrose Fullalove / Jenny Boyd
argentex@fticonsulting.com
07970 982 748
Singer Capital Markets (Nominated Adviser and Broker)
Tom Salvesen / James Maxwell / Justin McKeegan / Angus
Campbell
020 7496 3000
Additional information
James Ormonde (aged 52) is, or has been, a director or partner
of the following companies or partnerships during the previous five
years:
Current Directorships/Partnerships: Previous Directorships/Partnerships
(last 5 years):
Gusbourne plc Anston Capital LLP
BlackDesk Consulting Limited Anston Limited
Anstson Alpha Strategies LLP
RMS Holdco Limited
Save as set out above there are no other disclosures in respect
of the appointment of James Ormonde that are required to be made
under Rule 17 or Schedule 2(g) of the AIM Rules for Companies.
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END
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