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Argentex Group Plc ( (GB:AGFX) ) has shared an update.
Argentex Group PLC has secured a revolving credit facility (RCF) of up to £20 million from IFX Payments, in addition to a previously provided £10.5 million bridge funding. This facility will help Argentex manage liquidity and meet margin calls amid foreign exchange volatility, with an interest rate of 15% per annum and a non-utilisation fee of 7.5% per annum. The arrangement allows for flexible repayment and is initially set for six months, with the possibility of extension. As a result of securing this additional liquidity, trading of Argentex’s ordinary shares on AIM, which was suspended on April 22, 2025, will be restored.
More about Argentex Group Plc
Argentex Group PLC operates in the financial services industry, focusing on foreign exchange services. The company provides tailored foreign exchange solutions to a wide range of clients, primarily targeting corporate and institutional customers.
YTD Price Performance: 50.0%
Average Trading Volume: 465,227
Technical Sentiment Signal: Buy
Current Market Cap: £52.03M
See more data about AGFX stock on TipRanks’ Stock Analysis page.