ARGENTEX GROUP PLC — Remuneration Information 2024

Oct 9, 2024

National Storage Mechanism | Additional information

RNS Number : 5558H

Argentex Group PLC

09 October 2024

9 October 2024

Argentex Group PLC

("Argentex" or the "Company")

Cancellation of Long-Term Incentive Plan

Argentex Group PLC (AIM: AGFX), the global expert in currency risk management and alternative banking, today announces that it has lapsed all awards under the Argentex Group Value Creation Plan (the "VCP") and cancelled the VCP.  The cancellation affects, amongst others, certain persons discharging managerial responsibilities (PDMRs) and employees.

The Company believes that the VCP no longer aligns the interests of employees and shareholders and the Remuneration Committee will look to put in place a more appropriate long term incentive scheme moving forward.  Argentex will inform the market of the new scheme at the relevant time.

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/Rashida Salemahomed

argentex@teneo.com, 020 7260 2700

Singer Capital Markets (Nominated Adviser and Broker)

Tom Salvesen / James Maxwell / Asha Chotai

020 7496 3000

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Winney

2

Reason for the notification

a)

Position/status

Chief Compliance and Risk 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 and growth B shares, each in the capital of Argentex Capital Limited (a wholly owned subsidiary of the Company) under the VCP. 

Identification code

-

b)

Nature of the transaction

Disposal of 400 Growth A Shares and 400 Growth B Shares to the Company at £85.00 per share.

c)

Price(s) and volume(s)

Transaction	Price(s)	Volume(s)
Transfer of growth A shares in the capital of Argentex Capital Limited to the Company	£85.00 per share	400
Transfer of growth B shares in the capital of Argentex Capital Limited to the Company	£85.00 per share	400

d)

Aggregated information

- Aggregated volume

N/A

- Price

e)

Date of the transaction

8 October 2024

f)

Place of the transaction

Off-market transaction

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