TIDMARB
RNS Number : 6789M
Argo Blockchain PLC
25 May 2022
25 May 2022
Argo Blockchain PLC
('Argo' or 'The Company')
Grant and Exercise of Options and PDMR Dealings
Argo Blockchain plc, a global leader in cryptocurrency mining
(LSE: ARB; NASDAQ: ARBK), announces that:
-- between 19 and 23 May 2022, certain directors purchased
ordinary shares of GBP0.001 each in the capital of the Company
("Ordinary Shares") and American Depositary Receipts representing
Ordinary Shares ("ADRs");
-- on 23 May 2022, Peter Wall and an employee of the Company
exercised options ("Options") over a total of 1,595,000 Ordinary
Shares;
-- on 23 May 2022, the Company granted Options over 500,000
Ordinary Shares to Raghav Chopra, a non-executive director of the
Company; and
-- on 23 May 2022, the Company granted in aggregate Options over
4,350,000 Ordinary Shares to the Company's staff and employees.
Purchase of Shares/ADRs
Between 19 and 23 May the following directors purchased Ordinary
Shares/ADRs:
PDMR / Person closely Purchased Weighted average price
associated per Ordinary Share/ADR
Maria Perrella 6,000 ADRs US$6.54 per ADR
Sarah Gow 20,000 Ordinary Shares GBP0.4920 per Ordinary
Share
Alex Appleton 39,415 Ordinary Shares GBP0.4974 per Ordinary
Share
Exercise of Options
On 23 May 2022, Peter Wall exercised Options over 430,000
Ordinary Shares at an exercise price of GBP0.070 per Ordinary
Share. Currently, Peter Wall has no intentions to sell said
Ordinary Shares. In addition, an employee of the Company exercised
Options over 1,165,000 Ordinary Shares at an exercise price of
GBP0.070 per Ordinary Share.
As a result of the above Options being exercised, the Company
has issued in aggregate 1,595,000 new Ordinary Shares. The
aggregate gross proceeds to the Company from this option exercise
is GBP111,650. 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, and
admission is expected to occur at 8:00 a.m. on 30 May 2022. The new
Ordinary Shares will rank pari passu with the existing Ordinary
Shares of the Company.
Grant of Options
On 23 May 2022, the Company granted Options as follows:
-- over 500,000 Ordinary Shares to Raghav Chopra, a non-executive director of the Company; and
-- over 4,350,000 Ordinary Shares to the Company's staff and employees.
The Options have an exercise price of between GBP0.490 and
GBP0.506 (as determined in accordance with the rules of the
relevant share option plan under which they were granted) and vest
as follows: 6/36th of the Options vest on 23 November 2022 and
thereafter 1/36th vest monthly such that 100% of the Options vest
on 23 May 2025. As Raghav Chopra is a non-executive director of the
Company, there are no performance conditions attached to the
Options granted to him.
Enlarged Share Capital
Following admission of all of shares arising from the exercise
of Options (which is expected to be on 30 May 2022), the total
number of Ordinary Shares in issue will be 469,677,335 and the
total number of voting rights will therefore be 469,677,335. 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.
PDMR Notifications
Share Purchases
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name Maria Perrella
Reason for the Notification
2.
a) Position/status PDMR
b) Initial notification Initial notification
/ Amendment
Details of the issuer, emission allowance market participant,
3. 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 in
instrument, type of instrument respect of Ordinary shares ("ADRs")
Identification Code US0401261047
b) Nature of the transaction Purchase of ADRs
c) Price(s) and volume(s) Price(s) Volume(s)
US$6.54 per 6,000 ADRs
ADR
d) Aggregated information:
Aggregated volume 6,000 ADRs
-- Price US$6.54 per ADR
e) Date of the transaction 19 May 2022
f) Place of the Transaction NASDAQ
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name Sarah Gow
Reason for the Notification
2.
a) Position/status PDMR
b) Initial notification Initial notification
/ Amendment
Details of the issuer, emission allowance market participant,
3. 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)
GBP0.492 20,000 Ordinary
Shares
d) Aggregated information:
Aggregated volume 20,000 Ordinary Shares
-- Price GBP0.492 per Ordinary Share
e) Date of the transaction 19 May 2022
f) Place of the Transaction London Stock Exchange
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name Alex Appleton
Reason for the Notification
2.
a) Position/status PDMR
b) Initial notification Initial notification
/ Amendment
Details of the issuer, emission allowance market participant,
3. 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)
GBP0.4974 39,415 Ordinary
Shares
d) Aggregated information:
Aggregated volume 39,415 Ordinary Shares
-- Price GBP0.4974 per Ordinary Share
e) Date of the transaction 23 May 2022
f) Place of the Transaction London Stock Exchange
Exercise of Options
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name Peter Wall
Reason for the Notification
2.
a) Position/status PDMR
b) Initial notification Initial notification
/ Amendment
Details of the issuer, emission allowance market participant,
3. 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 Exercise of Options
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.070 per 430,000 Ordinary
Ordinary Share Shares
d) Aggregated information:
Aggregated volume 430,000 Ordinary Shares
-- Price GBP0.070 per Ordinary Share
e) Date of the transaction 23 May 2022
f) Place of the Transaction Not on a trading venue
Grant of Options
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name Raghav Chopra
Reason for the Notification
2.
a) Position/status PDMR
b) Initial notification Initial notification
/ Amendment
Details of the issuer, emission allowance market participant,
3. 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 Options over ordinary shares
instrument, type of instrument
Identification Code GB00BZ15CS02
b) Nature of the transaction Grant of options over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.490 per 500,000 Ordinary
Ordinary Share Shares
d) Aggregated information:
Aggregated volume Options over 500,000 Ordinary Shares
-- Price GBP0.490 per Ordinary Share
e) Date of the transaction 23 May 2022
f) Place of the Transaction Not on a trading venue
Inside Information and Forward-Looking Statements
This announcement contains inside information and includes
forward-looking statements which reflect the Company's or, as
appropriate, the Directors' current views, interpretations, beliefs
or expectations with respect to the Company's financial
performance, business strategy and plans and objectives of
management for future operations. These statements include
forward-looking statements both with respect to the Company and the
sector and industry in which the Company operates. Statements which
include the words "expects", "intends", "plans", "believes",
"projects", "anticipates", "will", "targets", "aims", "may",
"would", "could", "continue", "estimate", "future", "opportunity",
"potential" or, in each case, their negatives, and similar
statements of a future or forward-looking nature identify
forward-looking statements. All forward-looking statements address
matters that involve risks and uncertainties because they relate to
events that may or may not occur in the future. Forward-looking
statements are not guarantees of future performance. Accordingly,
there are or will be important factors that could cause the
Company's actual results, prospects and performance to differ
materially from those indicated in these statements. In addition,
even if the Company's actual results, prospects and performance are
consistent with the forward-looking statements contained in this
document, those results may not be indicative of results in
subsequent periods. These forward-looking statements speak only as
of the date of this announcement. Subject to any obligations under
the Prospectus Regulation Rules, the Market Abuse Regulation, the
Listing Rules and the Disclosure and Transparency Rules and except
as required by the FCA, the London Stock Exchange, the City Code or
applicable law and regulations, the Company undertakes no
obligation publicly to update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise. For a more complete discussion of
factors that could cause our actual results to differ from those
described in this announcement, please refer to the filings that
Company makes from time to time with the United States Securities
and Exchange Commission and the United Kingdom Financial Conduct
Authority, including the section entitled "Risk Factors" in the
Company's Registration Statement on Form F-1.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434
Chief Executive 2334
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
Fabio Galloni-Roversi Monaco +44 7861 995 628
Nasser Al-Sayed +44 7888 672 701
argoblock@tancredigroup.com +44 7915 033 739
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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