Argentex Group PLC - international provider of foreign exchange services for institutions, corporates and high-net-worth private individuals - Says it has been granted its Australian financial services license, which it calls a ‘pivotal step in the business’s strategic plan.’

Chief Executive Jim Ormonde says: ‘Australia is a dynamic market with diverse currency needs and we are thrilled to receive the AFSL. It reflects our strong reputation and leverages the group’s experience to diversify into broader alternative banking markets more progressively. As part of our long-term growth plans and strategy, the license highlights our conviction to transform the business into a global, cross-border, financial solutions provider.’

Current stock price: 37.57 pence each, up 4.4% on Tuesday

12-month change: down 66%

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