TIDMARB

RNS Number : 7424S

Argo Blockchain PLC

17 November 2021

Press Release

17 November 2021

Argo Blockchain PLC

('Argo' or 'The Company')

Director's Dealings

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), today announces that on 16 November 2021, Peter Wall, Chief Executive Officer of Argo, and Alex Gow, a person closely associated with Sarah Gow, a non-executive director of Argo, purchased the following American Depositary Receipts (ADRs) representing 10 ordinary shares of GBP0.001 each in the capital of the Company (Ordinary Shares) and Ordinary Shares respectively.

 
 PDMR / Person          Ordinary Shares         Weighted          Resultant       Percentage 
  closely associated     / ADRs purchased(1)     average price     Shareholding    of the total 
                                                                   of Ordinary     voting rights 
                                                                   Shares          of the Company 
                        7,100 ADRs 
                         representing 
                         71,000 Ordinary        $19.132 per 
 Peter Wall              Shares                  ADR              1,116,000       0.24% 
                       ----------------------  ----------------  --------------  ---------------- 
                                                GBP1.32 per 
                        40,000 Ordinary          Ordinary 
 Alex Gow(1)             Shares                  Share            815,000(2)      0.17%(2) 
                       ----------------------  ----------------  --------------  ---------------- 
 

Notes:

1 - Person closely associated with Sarah Gow, a director of the Company

2 -The total interests of Sarah Gow and persons closely associated with her in the Company's share capital are 2,740,000 Ordinary Shares representing 0.59% of the total voting rights of the Company.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Peter Wall 
     --------------------------------  -------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------ 
 a)   Position/status                   PDMR 
     --------------------------------  -------------------------------- 
 b)   Initial notification              Initial notification 
       / Amendment 
     --------------------------------  -------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------ 
 a)   Name                              Argo Blockchain PLC 
     --------------------------------  -------------------------------- 
 b)   LEI                               213800WPCCYSDYY26J54 
     --------------------------------  -------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------ 
 a)   Description of the Financial      American Depositary Receipts 
       instrument, type of instrument 
      Identification Code               US0401261047 
     --------------------------------  -------------------------------- 
 b)   Nature of the transaction         Purchase of American Depositary 
                                         Receipts 
     --------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)             Price(s)     Volume(s) 
                                          US$ 19.132   7,100 ADRs 
                                           per ADR 
                                                      ----------- 
     --------------------------------  -------------------------------- 
 d)        Aggregated information: 
            Aggregated volume             7,100 ADRs 
             *    Price                   US$ 19.132 per ADR 
     --------------------------------  -------------------------------- 
 e)   Date of the transaction           16 November 2021 
     --------------------------------  -------------------------------- 
 f)   Place of the Transaction          Nasdaq 
     --------------------------------  -------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Alex Gow 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                   Person closely associated with Sarah 
                                         Gow, a director of the Company 
     --------------------------------  ------------------------------------- 
 b)   Initial notification              Initial notification 
       / Amendment 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Argo Blockchain PLC 
     --------------------------------  ------------------------------------- 
 b)   LEI                               213800WPCCYSDYY26J54 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the Financial      Ordinary shares 
       instrument, type of instrument 
      Identification Code               GB00BZ15CS02 
     --------------------------------  ------------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)          Volume(s) 
                                          132 pence per     40,000 Ordinary 
                                           Ordinary Share    Shares 
                                                           ---------------- 
     --------------------------------  ------------------------------------- 
 d)        Aggregated information: 
            Aggregated volume             40,000 Ordinary Shares 
             *    Price                   132 pence per Ordinary Share 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           16 November 2021 
     --------------------------------  ------------------------------------- 
 f)   Place of the Transaction          London Stock Exchange 
     --------------------------------  ------------------------------------- 
 

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 Nasdaq Global Select Market in the United States under the ticker: ARBK.

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END

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November 17, 2021 12:43 ET (17:43 GMT)

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