Argo Blockchain PLC Exercise of Options and Warrants (4494L)
13 January 2021 - 2:43AM
UK Regulatory
TIDMARB
RNS Number : 4494L
Argo Blockchain PLC
12 January 2021
Press Release
12 January 2021
Argo Blockchain PLC
('Argo' or 'The Company')
Exercise of Options and Warrants and Remaining Options and
Warrants
Argo, the leading cryptocurrency miner based in the UK (LSE:
ARB), announces that over the past several days it has received a
notice of exercise of certain options ("Options") and notice of
exercise of certain warrants ("Warrants") over ordinary shares of
GBP0.001 each in the capital of the Company ("Ordinary Shares").
These exercise notices relate to Options and Warrants granted in
connection with the Company's admission to the Official List and to
trading on the Main Market, some of which were due to expire at the
end of this month.
As a result of the exercise of the Options, the Company has
issued in aggregate 2,583,334 new Ordinary Shares to the holders of
the Options. The new Ordinary Shares were issued at the exercise
price of GBP0.16 per share. The aggregate gross proceeds to the
Company from this option exercise is GBP413,333.
As a result of the exercise of the Warrants, the Company has
issued in aggregate 1,579,709 new Ordinary Shares to the holders of
the Warrants. 844,709 new Ordinary Shares were issued at the
exercise price of GBP0.16 per share and 735,000 new Ordinary shares
were issued at the exercise price of GBP0.08 per share. The
aggregate gross proceeds to the Company from this warrant exercise
is GBP241,553.
Application will be made for the new Ordinary Shares to be
admitted to the standard segment of the Official List and to
trading on the Main Market of the London Stock Exchange. Admission
is expected to occur at 8:00 a.m. on 15 January 2021. The new
Ordinary Shares will rank pari passu with the existing Ordinary
Shares of the Company.
Following Admission, the total number of Ordinary Shares in
issue will be 327,278,456 and the total number of voting rights
will therefore be 327,278,456. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
Following the above admission of the Ordinary Shares referred to
above, the balance of outstanding warrants is 2,110,453 all of
which expire by mid-June this year. In addition, the balance of
outstanding Options is 20,709,694 of which the majority have yet to
vest.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information please contact:
Argo Blockchain
Peter Wall, Chief Executive via Tancredi Tel: +44 203 434 2334
Ian MacLeod, Executive Chairman
------------------------------------
Corporate Broker - finnCap Ltd
Jonny Franklin-Adams / Kate Washington Tel: +44 20 7220 0500
(Corporate Finance)
Sunila de Silva (Corporate Broking)
------------------------------------
OTC Markets
Jonathan Dickson Tel: +44 20 4526 4581
jonathan@otcmarkets.com Tel: +44 7731815896
------------------------------------
Media Relations - Tancredi Intelligent Communications
Salamander Davoudi Tel: +44 7957 549 906
salamander@tancredigroup.com
Emma Valgimigli Tel: +44 7727 180 873
emma@tancredigroup.com
------------------------------------
About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB.
argoblockchain.com
See Argo's largest facility in Quebec:
https://youtu.be/LDWWaZ75Zbk
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