Argo Blockchain PLC Pricing of Initial Public Offering (7342M)
23 September 2021 - 4:00PM
UK Regulatory
TIDMARB
RNS Number : 7342M
Argo Blockchain PLC
23 September 2021
23 September 2021
Argo Blockchain PLC
("Argo" or "the Company")
Pricing of Initial Public Offering
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce the pricing of its initial public
offering of 7,500,000 American Depositary Shares ("ADSs"),
representing an aggregate of 75,000,000 ordinary shares, at a
public offering price of $15.00 per ADS. The Company has raised
aggregate gross proceeds of $112,500,000, before deducting
underwriting discounts and commissions. Each ADS offered represents
10 ordinary shares of Argo Blockchain. In addition, Argo Blockchain
has granted the underwriters a 30-day option to purchase up to an
additional 1,125,000 ADSs at the public offering price, less
underwriting discounts and commissions. The ADSs are being offered
in a registered public offering in the United States (the
"Offering"). The ADSs are expected to begin trading on the Nasdaq
Global Market under the ticker symbol "ARBK" on September 23, 2021,
and the Offering is expected to close on September 27, 2021,
subject to the satisfaction of customary closing conditions.
Jefferies and Barclays are acting as joint book-running managers
for the Offering. Canaccord Genuity and Stifel GMP are acting as
co-lead managers for the Offering. Compass Point, D.A. Davidson
& Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd,
and Tennyson Securities are acting as co-managers for the Offering.
The Offering is being made only by means of a prospectus filed with
the U.S. Securities and Exchange Commission. When available, copies
of the final 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 and became effective on September 22, 2021. 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
------------------------------
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
------------------------------
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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