Extension of audit partner's tenure & audit tender

12 April 2021

Argentex Group PLC

Extension of audit partner's tenure and audit tender

Argentex Group PLC, ("Argentex" or "the Group"), the provider of foreign exchange services to institutions, corporates and high net worth individuals, today informs shareholders that the Group's Audit Committee has sought, and received, the approval of Nexia Smith and Williamson to extend Guy Swarbreck's audit tenure beyond the five years normally permitted by the Financial Reporting Council's Ethical Standard ("the Ethical Standard"). This extension is permitted under the Ethical Standard in the interests of safeguarding audit quality following recent changes to the Group's CFO and finance team. It will enable Mr Swarbreck to sign the auditor's report on the financial statements for the year ending 31 March 2021.

The Audit Committee intends to conduct an audit tender to select a firm to audit the Group's financial statements for the year ending 31 March 2022.

-ENDS-

For further information please contact:

Harry Adams - CEO

Jo Stent - CFO

(Via FTI Consulting)

FTI Consulting (Financial PR)

Ed Berry, Shiv Talwar, Ambrose Fullalove

Telephone: 07703 330 199

[email protected] 

Numis Securities Limited (Nominated Adviser and Broker)

Stephen Westgate, Charlie Farquhar, Laura White, Hugo Rubinstein
Telephone: +44 (0) 20 7260 1000