Argentex Group PLC – London-based currency risk management firm – Says it drew down £5.7 million from its £20 million revolving credit facility on Wednesday this week. Notes total facility utilisation of £6.4 million, in addition to £10.5 million bridging loan from IFX Payments, the RCF provider. Says the funds are for remaining within the liquid asset threshold requirement and for the satisfaction of certain margin calls from liquidity providers. Notes ‘significantly reduced’ trading levels since restoration of shares on AIM earlier this month.

Current stock price: 2.50 pence, closed down 2.3% on Friday in London

12-month change: down 93%

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