Argentex Group plc has made an important announcement regarding its advisory and brokerage services. As of July 31, 2025, Singer Capital Markets has officially resigned from its role as the Nominated Adviser and Broker for the company.
According to AIM regulations, if Argentex does not appoint a new Nominated Adviser within a month, it faces the risk of having its shares delisted from the AIM market. Currently, the company’s shares are suspended from trading on AIM, which indicates significant developments within the organization.
Prior to this resignation, Argentex had taken decisive steps on July 24, 2025, when it appointed administrators to oversee its operations. This move was prompted by ongoing challenges that led to the necessity of administrative intervention. Daniel Conway, Anthony Wright, and David Hudson from FRP Advisory Trading Limited were appointed as Joint Administrators to manage the company’s affairs during this critical period.
Additionally, on July 21, 2025, special administrators were appointed specifically to Argentex LLP, marking a structured approach to address the financial issues facing the firm. This sequence of events highlights the severe operational difficulties that the company has encountered recently.
In summary, the resignation of Singer Capital Markets as the Nominated Adviser and Broker signals a pivotal moment for Argentex Group plc, amid a backdrop of administrative oversight and significant organizational challenges. The company must now act swiftly to appoint a new Nominated Adviser to avoid further complications regarding its AIM listing.