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Grant of Awards Under New LTIP

RNS Number : 9046F

Argentex Group PLC

10 November 2022

Argentex Group PLC

("Argentex" or the "Group")

Grant of Awards Under New LTIP, PDMR Notification

Following Argentex's announcement on 8 November 2022 regarding the establishment of a new Long Term Incentive Plan ("LTIP" and the "Announcement"), the Group today announces the following awards to Persons Discharging Managerial Responsibility:

PDMR	Role	% of total award	Aggregate no. of growth shares issued under the new LTIP	No. of existing options cancelled
Harry Adams	CEO	12%	2,400	-
David Christie	Chief Operating Officer	12%	2,400	905,660
Jo Stent	Chief Financial Officer	6%	1,200	452,830

Any capitalised terms contained within this announcement take the meaning given to them in the Announcement.

For further information, please contact:

Argentex Group PLC

Harry Adams - Chief Executive Officer

Jo Stent - Chief Financial Officer

investorrelations@argentex.com

FTI Consulting (Financial PR)

Ed Berry / Ambrose Fullalove / Jenny Boyd

argentex@fticonsulting.com

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan

020 7496 3000

Details of the person discharging managerial responsibilities / person closely associated

Name

Harry Adams

Reason for the notification

Position/status

Chief Executive Officer

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Argentex Group plc

LEI

2549007V7B928Q178194

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Growth A shares and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the Company's LTIP. Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company.

Identification code

GB00BJLPH056 (Ordinary Shares)

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited	£85.00 per share	1,200
Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited	£85.00 per share	1,200

Aggregated information

- Aggregated volume

N/A

- Price

Date of the transaction

9 November 2022

Place of the transaction

Off-market transaction

Details of the person discharging managerial responsibilities / person closely associated

Name

David Christie

Reason for the notification

Position/status

Chief Operating Officer

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Argentex Group plc

LEI

2549007V7B928Q178194

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Identification code

GB00BJLPH056 (Ordinary Shares)

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Cancellation of 905,660 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Cancellation of Existing Options over Ordinary Shares	135p	905,660
Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited	£85.00 per share	1,200
Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited	£85.00 per share	1,200

Aggregated information

- Aggregated volume

N/A

- Price

Date of the transaction

9 November 2022

Place of the transaction

Off-market transaction

Details of the person discharging managerial responsibilities / person closely associated

Name

Jo Stent

Reason for the notification

Position/status

Chief Financial Officer

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Argentex Group plc

LEI

2549007V7B928Q178194

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Identification code

GB00BJLPH056 (Ordinary Shares)

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Cancellation of 452,830 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Cancellation of Existing Options over Ordinary Shares	135p	452,830
Subscription of 600 growth A shares in the capital of Argentex Capital Limited	£85.00 per share	600
Subscription of 600 growth B shares in the capital of Argentex Capital Limited	£85.00 per share	600

Aggregated information

- Aggregated volume

N/A

- Price

Date of the transaction

9 November 2022

Place of the transaction

Off-market transaction

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END

DSHEANFNEALAFFA

Grant of Awards Under New LTIP - Argentex Group plc | RNS | Ticker

RNS Number : 9046F

Argentex Group PLC

10 November 2022

Argentex Group PLC

("Argentex" or the "Group")

Grant of Awards Under New LTIP, PDMR Notification

PDMR	Role	% of total award	Aggregate no. of growth shares issued under the new LTIP	No. of existing options cancelled
Harry Adams	CEO	12%	2,400	-
David Christie	Chief Operating Officer	12%	2,400	905,660
Jo Stent	Chief Financial Officer	6%	1,200	452,830

Any capitalised terms contained within this announcement take the meaning given to them in the Announcement.

For further information, please contact:

Argentex Group PLC

Harry Adams - Chief Executive Officer

Jo Stent - Chief Financial Officer

investorrelations@argentex.com

FTI Consulting (Financial PR)

Ed Berry / Ambrose Fullalove / Jenny Boyd

argentex@fticonsulting.com

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan

020 7496 3000

Details of the person discharging managerial responsibilities / person closely associated

Name

Harry Adams

Reason for the notification

Position/status

Chief Executive Officer

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Argentex Group plc

LEI

2549007V7B928Q178194

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification code

GB00BJLPH056 (Ordinary Shares)

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited	£85.00 per share	1,200
Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited	£85.00 per share	1,200

Aggregated information

- Aggregated volume

N/A

- Price

Date of the transaction

9 November 2022

Place of the transaction

Off-market transaction

Details of the person discharging managerial responsibilities / person closely associated

Name

David Christie

Reason for the notification

Position/status

Chief Operating Officer

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Argentex Group plc

LEI

2549007V7B928Q178194

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Identification code

GB00BJLPH056 (Ordinary Shares)

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Cancellation of 905,660 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Cancellation of Existing Options over Ordinary Shares	135p	905,660
Subscription of 1,200 growth A shares in the capital of Argentex Capital Limited	£85.00 per share	1,200
Subscription of 1,200 growth B shares in the capital of Argentex Capital Limited	£85.00 per share	1,200

Aggregated information

- Aggregated volume

N/A

- Price

Date of the transaction

9 November 2022

Place of the transaction

Off-market transaction

Details of the person discharging managerial responsibilities / person closely associated

Name

Jo Stent

Reason for the notification

Position/status

Chief Financial Officer

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Argentex Group plc

LEI

2549007V7B928Q178194

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument

Cancellation of existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Identification code

GB00BJLPH056 (Ordinary Shares)

Nature of the transaction

Subscription of 1,200 Growth A Shares and 1,200 Growth B Shares at £85.00 per share under the Company's LTIP.

Cancellation of 452,830 existing options over Argentex ordinary shares pursuant to the Company's existing CSOP.

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Cancellation of Existing Options over Ordinary Shares	135p	452,830
Subscription of 600 growth A shares in the capital of Argentex Capital Limited	£85.00 per share	600
Subscription of 600 growth B shares in the capital of Argentex Capital Limited	£85.00 per share	600

Aggregated information

- Aggregated volume

N/A

- Price

Date of the transaction

9 November 2022

Place of the transaction

Off-market transaction

END

DSHEANFNEALAFFA

TIDM	AGFX
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Date	10 Nov 2022
Time	07:00:11
Category	Director/PDMR dealings
ID	9046F

TIDM	AGFX
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Date	10 Nov 2022
Time	07:00:11
Category	Director/PDMR dealings
ID	9046F

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Grant of Awards Under New LTIP

Company Information

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