2 April 2025
Argentex Group PLC
("Argentex" or the "Group")
Results of General Meeting, Grant of Awards under New LTIP and PDMR Notifications
Argentex Group PLC (AIM: AGFX), the global specialist in currency risk management and alternative banking, is pleased to announce that at the General Meeting held earlier today, the resolutions to approve, inter alia, the adoption of the Company's new Senior Executive Long Term Incentive Plan (the "LTIP") and Employee Share Option Plan were duly passed.
Argentex also announces the following awards under the LTIP to Persons Discharging Managerial Responsibility:
| PDMR | Role | % of total award | No. of growth shares issued under the new LTIP |
| Jim Ormonde | Chief Executive Officer | 45.0% | 4,680 |
| Guy Rudolph | Chief Financial Officer | 20.0% | 2,080 |
For further information, please contact:
Argentex Group PLC
Jim Ormonde - Chief Executive Officer
Guy Rudolph - Chief Financial Officer
investorrelations@argentex.com
Teneo (Financial PR)
James Macey-White/Victoria Boxall/ Riann Cato
argentex@teneo.com, 020 7260 2700
Singer Capital Markets (Nominated Adviser and Broker)
Tom Salvesen / James Maxwell / James Todd
020 7496 3000
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a)
| Name
| Jim Ormonde | |||||||||
| 2 | Reason for the notification | ||||||||||
| a)
| Position/status | Chief Executive Officer | |||||||||
| b)
| Initial notification /Amendment | Initial | |||||||||
| 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 | Growth A shares in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the LTIP. Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company. | |||||||||
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| Identification code | GB00BJLPH056 (Ordinary Shares) | ||||||||||
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| b)
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| d)
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| - Aggregated volume | N/A | ||||||||||
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| e)
| Date of the transaction | 2 April 2025 | |||||||||
| f) | Place of the transaction | Off-market transaction | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a)
| Name
| Guy Rudolph | |||||||||
| 2 | Reason for the notification | ||||||||||
| a)
| Position/status | Chief Financial Officer | |||||||||
| b)
| Initial notification /Amendment | Initial | |||||||||
| 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 | Growth A shares in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the LTIP. Subject to certain performance conditions being met, the growth shares will be exchanged for ordinary shares in the capital of the Company. | |||||||||
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| Identification code | GB00BJLPH056 (Ordinary Shares) | ||||||||||
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| b)
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| d)
| Aggregated information |
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| - Aggregated volume | N/A | ||||||||||
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| - Price | | ||||||||||
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| e)
| Date of the transaction | 2 April 2025 | |||||||||
| f) | Place of the transaction | Off-market transaction | |||||||||
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