Scheme document published for the £3 million recommended cash acquisition of Argentex Group by IFX
May 2025
Argentex is a global payment and currency risk management specialist offering bespoke services and tailored solutions alongside market-leading technology for businesses and financial institutions. Their clients can make payments and trade in up to 140 currencies and funds are safeguarded with Tier 1 banks. The company is AIM-listed, with offices in the UK, the Netherlands, Australia and the UAE.
IFX payments is an award-winning global provider of foreign exchange and payment solutions. The company is a service led alternative banking partner in EMEA offering businesses a quick, secure, low cost and easy to use treasury service covering single transfers to international payroll runs.
Following the announcement from Argentex on 24 April 2025 and the commencement of an Offer Period with respect to Argentex on 23 April 2025, the boards of IFX (UK Ltd) (trading as IFX Payments) and Argentex are pleased to announce that they have reached agreement on the terms and conditions of a recommended cash offer by IFX Payments for the entire issued and to be issued ordinary share capital of Argentex.
Publication of the Scheme Document
The Perivan shareholder communications team was delighted to work with Singer Capital Markets who acted as nominated Financial Adviser and Gowling WLG who acted as Legal Adviser to Argentex on the Scheme and associated ancillary documents, which were successfully published and posted to qualifying shareholders on 22nd May 2025.
For more information, click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.