THIS ANNOUNCEMENT AND THE
INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW
ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF
THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS FOR INFORMATION
PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION,
SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO
PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY
SECURITIES IN ARGENTEX GROUP PLC OR ANY OTHER ENTITY IN ANY
JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS
DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ARGENTEX
GROUP PLC OR ANY OTHER ENTITY.
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION RELATING TO ARGENTEX GROUP PLC AND ITS SECURITIES FOR
THE PURPOSES OF ARTICLE 7 OF MAR.
9 May 2024
Argentex
Group PLC
Result of
Placing and Retail Offer
Argentex Group PLC (AIM:
AGFX) ("Argentex"), the
provider of currency management and payment solutions to
international institutions and corporates, announces that, further
to its announcements on 2 and 3 May 2024 (the "Fundraising Announcements"), it has
concluded a retail offer via the Bookbuild Platform (the
"Retail Offer"). Pursuant
to the Placing and Retail Offer, the Company has resolved to issue
a total of 7,221,508 new Ordinary Shares at the Issue Price raising
gross proceeds of £3.25m (the "Fundraising Shares").
Capitalised terms in this
announcement have the same meaning as in the Fundraising
Announcements unless otherwise indicated.
Admission
The Company has made application for
the admission of the Fundraising Shares to trading on AIM
("Admission"). It is
expected that Admission of the Fundraising Shares will become
effective at 8.00 a.m. on 13 May 2024. The Fundraising Shares, when
issued, will be fully paid and will rank pari passu in all respects with each
other and with the existing Ordinary Shares of the Company,
including, without limitation, the right to receive all dividends
and other distributions declared, made or paid after the date of
issue.
Total Voting Rights
Following Admission, the Company's
issued ordinary share capital will consist of 120,429,055 Ordinary
Shares with one voting right each. The Company does not hold any
Ordinary Shares in treasury. Therefore, from Admission the total
number of Ordinary Shares and voting rights in the Company will be
120,429,055. With effect from Admission, this figure may be used by
Shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
The person responsible for arranging the release of this
Announcement on behalf of the Company is Jim Ormonde, Chief
Executive Officer of the Company.
For further information, please
contact:
Argentex Group PLC
Jim Ormonde - Chief Executive
Officer
investorrelations@argentex.com
Singer Capital Markets (Nominated
Adviser and Broker)
Tom Salvesen / James Maxwell / Angus
Campbell
020 7496 3000
Teneo
James Macey White / Victoria
Boxall
020 7353 4200
IMPORTANT
NOTICES
The content of this announcement has
been prepared by, and is the sole responsibility of, the
Company.
This announcement and the
information contained herein is restricted and is not for
publication, release or distribution, directly or indirectly, in
whole or in part, in or into or from the United States (including
its territories and possessions, any state of the United States and
the District of Columbia, Australia, Canada, Japan, New Zealand,
the Republic of South Africa or any other jurisdiction where to do
so might constitute a violation of the relevant laws or regulations
of such jurisdiction.
The distribution of this
announcement may be restricted by law in certain jurisdictions and
persons into whose possession any document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
Singer Capital Markets Securities
Limited ("Singer
Capital Markets"), which is
authorised and regulated in the United Kingdom by the FCA is acting
exclusively for the Company and no-one else in connection with the
transactions and arrangements described in this announcement and
will not regard any other person (whether or not a recipient of
this announcement) as a client in relation to the transactions and
arrangements described in this announcement. Singer Capital Markets
is not responsible to anyone other than the Company for providing
the protections afforded to clients of Singer Capital Markets or
for providing advice in connection with the contents of this
announcement, or the transactions and arrangements described in
this announcement.
Singer Capital Markets Advisory LLP
("SCM Advisory"), which is
authorised and regulated in the United Kingdom by the FCA, is
acting as Nominated Adviser to the Company for the purposes of the
AIM Rules and no-one else in connection with the arrangements
described in this announcement and will not be responsible to any
other person (whether or not a recipient of this announcement) as a
client in relation to the transactions and arrangements described
in this announcement. SCM Advisory is not responsible to anyone,
other than the Company, for providing the protections afforded to
clients of SCM Advisory or for providing advice in connection with
the contents of this announcement or the transactions and
arrangements described herein. SCM Advisory's responsibilities as
the Company's Nominated Adviser under the AIM Rules for Nominated
Advisers published by the London Stock Exchange plc are owed solely
to the London Stock Exchange plc and are not owed to the Company or
to any director or to any other person.
Neither the content of the Company's
website (or any other website) nor the content of any website
accessible from hyperlinks on the Company's website (or any other
website) is incorporated into or forms part of this
announcement.
The New Ordinary Shares to be issued
or sold pursuant to the Placing and Retail Offer will not be
admitted to trading on any stock exchange other than
AIM.
