Update on counterparties

RNS Number : 6636S
Argentex Group PLC
13 March 2023
 

13 March 2023

Argentex Group PLC

("Argentex" or the "Group")

Update on counterparties

Argentex Group PLC (AIM: AGFX) notes recent developments in relation to Silicon Valley Bank ("SVB") and confirms it has no exposure to the institution having never held accounts with SVB or SVB UK. No company or client funds are impacted by SVB's insolvency.  

Argentex places risk management at the core of its business, with all client funds held and safeguarded at Tier 1 banks.

 

For further information please contact:

Argentex Group PLC

Harry Adams - CEO

Jo Stent - CFO

investorrelations@argentex.com

FTI Consulting LLP (Financial PR)

Ed Berry / Ambrose Fullalove / Jenny Boyd

07703 330 199

argentex@fticonsulting.com

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Justin McKeegan

020 7496 3000

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDSFDESEEDSEID
UK 100