The Argetex Group Plc (Lon: AGFX) announced today that after the announcement of the recommended acquisition of Argetex from IFX payments, the directors had reviewed the composition of the Board of Directors and agreed that it would be in the interest of the company and its shareholders to reduce the number of directors.
Consequently, each of Henry Beckwith, Lord Digby Jones, Rina Ladva and Jeff Parker (all the company’s non -executive managers) agreed to resign and leave the Board of Directors on Friday, May 2, 2025.
In addition, Guy Rudolph, chief financial director of the company, on Friday, May 2, 2025, informed the Board of Directors of his resignation. Guy will continue to serve as a head of financial bidding of the company, while serving the 6 -month warning period.
Following the completion of legitimate checks of due diligence, Tim Rudman was officially appointed to the Board of Directors on May 5, 2025.
Following the appointment of Tim Rudman, the Board of Directors now consists of Nigel Railton, non -executive president, Jonathan Gray, senior non -executive director, Tim Haldenby, independent non -executive director and Tim Rudman as CEO. Jim Ormonde resigned as CEO of Argetex on April 25, 2025.
Nigel Railton, president of Argetex, said:
“As part of an extremely provocative last week for Argetex, I would like to thank Henry, Lord Digby, Rina and Jeff for their experience and contribution to Argetex during their term of office with the company.