Forex Services Provider Argentex Seeks Listing On London's AIM Market (ALLIPO)

(Alliance News) - Foreign exchange service provider Argentex Group PLC is planning to list on ...

Alliance News 11 June, 2019 | 2:29PM
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(Alliance News) - Foreign exchange service provider Argentex Group PLC is planning to list on London's AIM market, it was announced on Tuesday.

The London-based company is expected to be admitted to AIM on June 25. The number or shares to be admitted and the placing price per share are yet to be confirmed.

Prior to its initial public offering, Argentex's biggest shareholder is Pacific Investments Management Ltd, which has a 24% stake. Co-chief executives Carl Jani and Harry Adams have pre-IPO stakes of 18%.

Non-Executive director Henry Beckworth's stake is 11%, with Beckworth also an indirect beneficiary of Pacific Investments.

Argentex's accounting reference date is expected to be March 31 and its nominated advisor and broker is Numis Securities Ltd.

Argentex offers commercial foreign currency exchange services and trades through its wholly-owned subsidiary Argentex LLP and its main country of operation is the UK.

By Anna Farley; annafarley@alliancenews.com

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