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Share Name Share Symbol Market Type Share ISIN Share Description
Argo Group LSE:ARGO London Ordinary Share IM00B2RDSS92 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 17.75p 17.00p 18.50p 17.75p 17.75p 17.75p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 7.6 3.5 7.4 2.2 10.83

ARGO Group Limited Annual Management Fee

28/03/2017 4:58pm

UK Regulatory (RNS & others)


Argo Group (LSE:ARGO)
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2 Years : From Dec 2016 to Dec 2018

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RNS Number : 8039A

ARGO Group Limited

28 March 2017

28 March 2017

Argo Group Limited ("AGL" or "the Company")

Argo Group Limited, the independent alternative investment manager offering a multi-strategy platform for investing in global emerging markets, announces that it has agreed to reduce the annual management fee it receives from the Argo Real Estate Opportunities Fund Limited ("AREOF" or "the Fund") from EUR 2m to EUR 1m. The fee reduction is part of a wider restructuring of AREOF which aims to reduce the Fund's liabilities and return it to a positive equity position.

Enquiries:

Argo Group Limited

Andreas Rialas

020 7016 7660

Panmure Gordon

Dominic Morley

020 7886 2500

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEASDPASKXEFF

(END) Dow Jones Newswires

March 28, 2017 11:58 ET (15:58 GMT)

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