IFX (UK) Ltd, (“Payments IFX”) today issued a statement about the recommended Argetex Group PLC cash.
IFX’s payments have confirmed that, according to its previous announcement, it has cited the insolvency situation.
This happens a few weeks after the administrators are appointed to the Argetex Group PLC and Argetex Technologies Limited.
The IFX payments have, in accordance with Article 13.5 (a) of the Redemption Code, the condition 3 (L) (xii) in its offer, as defined in Part A of Part III of the program document. Consequently, the acquisition has now been delayed.