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On 13 May 2024, Argentex Group PLC confirmed that Non-Executive Chair Nigel Railton and CEO Jim Ormonde each subscribed for 111,111 ordinary shares in a placing at 45.00 pence per share. Non-Executive Directors Jonathan Gray, Digby Jones, and Tim Haldenby also subscribed for 25,000, 22,222, and 22,222 ordinary shares respectively, at the same price. Additionally, Pacific Investment Management Ltd, a person closely associated with Non-Executive Director Henry Beckwith, subscribed for 5,347,732 ordinary shares at 45.00 pence each.
| Date | 13 May 2024 |
| Time | 18:20:00 |
| Category | Director/PDMR dealings |
| ID | 2478O |
13 May 2024
Argentex Group PLC
(the "Company")
Director/PDMR Dealings
Argentex Group PLC (AIM: AGFX), the provider of currency management and payment solutions to international institutions and corporates, confirms the participation of certain Directors in the Placing announced on 2 May 2024 as shown below:
|
Director |
No. of Placing Shares subscribed for |
Resulting shareholding in the Company |
% shareholding in the Company's issued share capital as enlarged by the Fundraising |
|
Nigel Railton Non-Executive Chair |
111,111 |
292,043 |
0.24% |
|
Jim Ormonde Chief Executive Officer |
111,111 |
176,046 |
0.15% |
|
Jonathan Gray Non-Executive Director |
25,000 |
100,000 |
0.08% |
|
Digby Jones Non-Executive Director |
22,222 |
456,673 |
0.38% |
|
Tim Haldenby Non-Executive Director |
22,222 |
22,222 |
0.02% |
Henry Beckwith, Non-Executive Director of Argentex, is a director of Pacific Investment Management Ltd ("Pacific Investment Management"), and therefore Pacific Investment Management is deemed to be a 'person closely associated' with Henry Beckwith under UK MAR. Pacific Investment Management subscribed for, in aggregate, 5,347,732 Placing Shares at the Placing Price.
Capitalised terms used in this announcement have the meanings given to them in the Fundraising Announcements made on 2 and 3 May 2024.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
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
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1
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Details of the person discharging managerial responsibilities / person closely associated
|
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a)
|
Name
|
1. Nigel Railton 2. Jim Ormonde 3. Jonathan Gray 4. Digby Jones 5. Tim Haldenby
|
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2
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Reason for the notification
|
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a)
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Position/status
|
1. Non-Executive Chair 2. Chief Executive Officer 3. Non-executive Director 4. Non-executive Director 5. Non-executive Director
|
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|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
Argentex Group plc |
|||
|
b)
|
LEI
|
2549007V7B928Q178194 |
|||
|
4
|
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
|
||||
|
a)
|
Description of the financial instrument, type of instrument |
Ordinary Shares of £0.0001 each |
|||
|
|
|
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|
Identification code |
ISIN: GB00BJLPH056 |
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|
|
|
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b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
1. 45.00 pence |
111,111 Ordinary Shares |
|
|
|
|
|
2. 45.00 pence |
111,111 Ordinary Shares |
|
|
|
|
|
3. 45.00 pence |
25,000 Ordinary Shares |
|
|
|
|
|
4. 45.00 pence |
22,222 Ordinary Shares |
|
|
|
|
|
5. 45.00 pence |
22,222 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
See 4(c) above |
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|
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|
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|
- Aggregated volume |
|
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|
|
|
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|
- Price |
|
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|
|
|
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|
e)
|
Date of the transaction |
13 May 2024 |
|||
|
f) |
Place of the transaction |
Outside a trading venue
|
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
Pacific Investment Management Ltd
|
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
Person closely associated with Henry Beckwith, a PDMR of the Company |
|||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
Argentex Group plc |
|||
|
b)
|
LEI
|
2549007V7B928Q178194 |
|||
|
4
|
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
|
||||
|
a)
|
Description of the financial instrument, type of instrument |
Ordinary Shares of £0.0001 each |
|||
|
|
|
||||
|
Identification code |
ISIN: GB00BJLPH056 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
45.00 pence |
5,347,732 Ordinary Shares |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
As above |
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|
|
|
||||
|
- Aggregated volume |
|
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction |
13 May 2024 |
|||
|
f) |
Place of the transaction |
Outside a trading venue
|
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