Argo Blockchain PLC Filing of Registration Stmt for Proposed Offering (2488J)
20 August 2021 - 4:00PM
UK Regulatory
TIDMARB
RNS Number : 2488J
Argo Blockchain PLC
20 August 2021
Press release
20 August 2021
Argo Blockchain PLC
("Argo" or "the Company")
Filing of Registration Statement for Proposed Offering
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce that it has filed a registration
statement on Form F-1 with the United States Securities and
Exchange Commission (the "SEC") relating to a proposed initial
public offering of its American Depositary Shares ("ADSs"),
representing its ordinary shares, in the United States. The number
of ordinary shares to be represented by each ADS, the number of
ADSs to be offered and the price range for the proposed offering
have not yet been determined. The proposed offering is subject to
market and other conditions, and there can be no assurance as to
whether, or when, the proposed offering may be completed or as to
the actual size or terms of the proposed offering.
Argo intends to list its ordinary shares on the Nasdaq Global
Market under the symbol "ARBK". Upon completion of the proposed
offering, Argo's ordinary shares will continue to be admitted to
the standard segment of the Official List and to trading on the
Main Market of the London Stock Exchange under the symbol
"ARB".
Jefferies and Barclays are acting as joint book-running managers
for the proposed offering. The proposed offering will be made only
by means of a prospectus. When available, copies of the preliminary
prospectus relating to and describing the terms of the proposed
offering may be obtained from Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, by telephone at (877) 821-7388 or by email at
Prospectus_Department@Jefferies.com ; or from Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: 1-888-603-5847, or by emailing
barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy these securities
be accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities law of any
such state or jurisdiction.
This announcement contains inside information.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
------------------------------
finnCap Ltd
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Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
------------------------------
Tennyson Securities
------------------------------
Joint Corporate Broker
Peter Krens +44 207 186 9030
------------------------------
OTC Markets
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Jonathan Dickson +44 204 526 4581
jonathan@otcmarkets.com +44 7731 815 896
------------------------------
Tancredi Intelligent Communication
UK & Europe Media Relations
------------------------------
Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
------------------------------
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 and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
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