ARGV Argentvive

RNS Number:1904F
Argentvive PLC
04 October 2007


4 October 2007


                                ArgentVive plc
                                (the "Company")

                         Directorate: Finance Director


Kevin Fleming FCA was appointed to the board on 3 July 2007. The planned
handover of duties from Andrew Wells FCA to Kevin Fleming has now been completed
and Kevin Fleming has been appointed Financial Director and Company Secretary.

Andrew Wells with other members of staff has notified the Company of a wish to
purchase the Company's Petworth and Cobham shops. The Company views this
approach positively and it is anticipated that the likely consideration will be
approximately #75,000 for the two businesses plus stock at valuation.  A further
announcement will be made as soon as possible.

The involvement of Andrew Wells with the potential purchase of these Company
shops will, if successful, render this a related party transaction for the
purposes of AIM Rules.  To avoid any possible conflict of interest, while he
continues to provide accounting services to the Company, Andrew Wells will step
down from the Board of the Company with immediate effect rather than, as
previously announced, on the 31 December 2007.

The Board wish to express their appreciation of Andrew Wells' commitment and
support over a number of years and to particularly thank him for his efforts
during the period following the death of Alan Clifford and the Offer for the
Company from Charles Denton.



Enquiries:


ArgentVive plc                              Tel:  01932 569 912
Kevin Fleming


Charles Stanley Securities                  Tel:  020 7149 6000
Russell Cook
Carl Holmes


IAF Securities                              Tel:  020 7747 7400
Gary Pinkerton


College Hill                                Tel:  020 7457 2020
Mark Garraway




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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