Argentex Group (AGFX)

Sector:

Financials

Index:

FTSE AIM All-Share

136.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 139.50
  • 52 Week Low: 68.60
  • Currency: UK Pounds
  • Shares Issued: 113.21m
  • Volume: 349,315
  • Market Cap: £153.96m
  • RiskGrade: 236

Argentex granted Dutch electronic money licence

By Josh White

Date: Friday 16 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Foreign exchange service provider Argentex announced on Friday that the Dutch National Bank has granted its subsidiary, Argentex BV, an electronic money institution (EMI) licence in the Netherlands.
The AIM-traded firm said the licence would "underpin" its "differentiated and uncompromising" approach to regulation, enabling it to fully operate in all areas of its planned business and access the growing Dutch market, as well as providing a "springboard" to further expand across other European Union territories.

It said the award was a "key milestone" in the delivery of its international growth strategy, making the company one of few holders of such a licence in the Netherlands.

A supervisory and management board would oversee the affairs of Argentex BV, and would be chaired by Eppo Heemstra.

Argentex said Heemstra had "extensive experience" in international financial services and payments, including 25 years at ABN Amro, and several board positions at financial technology companies.

"This is an exciting moment for our business, providing further regulatory validation and creating a proven gateway to Europe via a credible jurisdiction as our internationalisation strategy deepens," said chief executive officer Harry Adams.

"Eppo's in-depth sector expertise will be an asset to us as we gather momentum in the Netherlands and further build a long-term sustainable growth strategy built around the success in our home UK market and latent demand for our services in the highly regulated markets of Netherlands, Australia and in time across the EU.

"Argentex places regulatory compliance and risk management at the heart of its business strategy and obtaining an EMI licence from a gold standard EU regulator is testament to this unrelenting focus."

At 1141 BST, shares in Argentex Group were up 1.13% at 82.62p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Argentex Group Market Data

Currency UK Pounds
Share Price 136.00p
Change Today -1.00p
% Change -0.73 %
52 Week High 139.50
52 Week Low 68.60
Volume 349,315
Shares Issued 113.21m
Market Cap £153.96m
RiskGrade 236

Argentex Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.35% below the market average84.35% below the market average84.35% below the market average84.35% below the market average84.35% below the market average
78.69% below the sector average78.69% below the sector average78.69% below the sector average78.69% below the sector average78.69% below the sector average
Price Trend
90.76% above the market average90.76% above the market average90.76% above the market average90.76% above the market average90.76% above the market average
89.23% above the sector average89.23% above the sector average89.23% above the sector average89.23% above the sector average89.23% above the sector average
Income
11.92% above the market average11.92% above the market average11.92% above the market average11.92% above the market average11.92% above the market average
19.48% below the sector average19.48% below the sector average19.48% below the sector average19.48% below the sector average19.48% below the sector average
Growth
12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average
33.9% below the sector average33.9% below the sector average33.9% below the sector average33.9% below the sector average33.9% below the sector average

Argentex Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Aug-22 09-Dec-21
Paid 26-Sep-22 08-Jan-22
Amount 1.25p 0.75p

Trades for 27-Jan-2023

Time Volume / Share Price
16:35 8,375 @ 136.00p
16:35 1,401 @ 136.00p
16:35 1 @ 136.00p
16:35 82 @ 136.00p
16:35 329 @ 136.00p

Argentex Group Key Personnel

CEO Harry Adams
CFO Jo Stent

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