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On 28 May 2025, Argentex Group PLC drew down £5.71 million from its £20 million revolving credit facility (RCF) provided by IFX Payments, increasing overall RCF utilisation to £6.42 million. This drawdown is in addition to a £10.5 million secured bridging loan also provided by IFX Payments. Following the restoration of trading on AIM on 6 May 2025, trading levels have been significantly reduced and restricted to spot and a limited number of forward transactions, with no option transactions entered into since 9 April.
| Date | 30 May 2025 |
| Time | 16:15:01 |
| Category | Corporate updates |
| ID | 8613K |
Argentex Group plc
("Argentex" or the "Company")
Update on Revolving Credit Facility utilisation and current trading
Argentex Group PLC (AIM: AGFX) announces that on 28 May 2025 it drew down £5.71 million of the £20 million revolving credit facility ("RCF") provided by IFX Payments, taking overall utilisation of the RCF to £6.42 million. These drawn amounts are in addition to the £10.5 million secured bridging loan provided by IFX Payments and have been applied to ensure that the Company remains within its liquid assets threshold requirement (LATR) and to satisfy certain margin calls from its liquidity providers.
The Company also announces that following the restoration of trading of Argentex shares on AIM on 6 May 2025, trading levels have been very significantly reduced and remain restricted to spot transactions and a limited number of forwards, which reduces the overall risk profile of the trading book. No option transactions have been entered into since 9 April.
For further information, please contact:
Argentex Group PLC
Tim Rudman - Interim Chief Executive Officer
investorrelations@argentex.com
Teneo (Financial PR)
James Macey-White/Victoria Boxall/ Riann Cato
argentex@teneo.com, 020 7260 2700
Singer Capital Markets (Financial Adviser, Nominated Adviser and Broker)
Tom Salvesen / James Maxwell / James Todd
020 7496 3000