TIDMARB
RNS Number : 6504Q
Argo Blockchain PLC
29 June 2022
Press release
29 June 2022
Argo Blockchain PLC
('Argo' or 'the Company')
Result of Annual General Meeting
Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader
in cryptocurrency mining, is pleased to announce the results of the
Company's annual general meeting held today, 29 June 2022.
A poll was held on each of the resolutions and all of the
resolutions were passed by the required majority. Resolutions 1 to
10 (inclusive) were passed as ordinary resolutions and resolutions
11 to 14 (inclusive) were passed as special resolutions. The
results of the poll were as follows:
Resolutions For Against Total % of ISC Votes
Votes Voted Withheld
Votes % Votes %
----------- ------- ----------- -------
Ordinary Resolutions
To receive the
Annual Report
1. and Accounts 76,171,632 99.45% 424,304 0.55% 76,595,936 16.05% 471,341
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To approve the
Directors' Remuneration
2. Report 56,894,073 74.23% 19,755,303 25.77% 76,649,376 16.07% 417,901
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To re-appoint
Alex Appleton
as a director
3. of the Company 72,021,242 93.99% 4,601,570 6.01% 76,622,812 16.06% 444,465
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To re-appoint
Sarah Gow as
a director of
4. the Company 67,461,572 88.03% 9,169,259 11.97% 76,630,831 16.06% 436,446
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To re-appoint
Maria Perrella
as a director
5. of the Company 67,478,115 88.06% 9,151,696 11.94% 76,629,811 16.06% 437,466
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To re-appoint
Raghav Chopra
as a director
6. of the Company 74,845,245 97.67% 1,788,257 2.33% 76,633,502 16.06% 433,775
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To re-appoint
PKF Littlejohn
as auditors of
7. the Company 75,922,291 98.98% 779,536 1.02% 76,701,827 16.08% 365,450
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To authorise
the directors
to determine
the auditor's
8. remuneration 75,843,592 98.91% 838,555 1.09% 76,682,147 16.07% 385,250
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
To approve the
2022 Equity Incentive
9. Plan 54,754,888 71.47% 21,853,939 28.53% 76,608,827 16.06% 458,450
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
Authority to
10. allot shares 73,772,816 96.21% 2,905,598 3.79% 76,678,414 16.07% 388,863
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
Special Resolutions
General authority
to disapply pre-emption
11. rights 75,111,150 98.17% 1,403,399 1.83% 76,514,549 16.04% 552,728
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
Additional authority
to disapply pre-emption
12. rights 74,576,697 97.51% 1,903,319 2.49% 76,480,016 16.03% 587,261
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
Notice of general
13. meetings 72,385,655 94.30% 4,373,926 5.70% 76,759,581 16.09% 307,696
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
Authority to
purchase own
14. shares 76,100,181 99.13% 668,540 0.87% 76,768,721 16.09% 298,556
------------------------- ----------- ------- ----------- ------- ----------- -------- ----------
The Board is pleased that Resolution 2 (Directors Remuneration
Report) and Resolution 9 (Equity Incentive Plan) were passed with
significant majorities, but notes the votes against these
resolutions. In accordance with the QCA Corporate Governance Code,
the Board will continue its engagement with shareholders to discuss
their concerns on the above resolutions.
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
Fabio Galloni-Roversi Monaco +44 7727 180 873
Nasser Al-Sayed +44 7888 672 701
argoblock@tancredigroup.com +44 7915 033 739
--------------------------
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK)
blockchain technology company focused on large-scale cryptocurrency
mining. With its flagship mining facility in Texas, and offices in
the US, Canada, and the UK, Argo's global, sustainable operations
are predominantly powered by renewable energy. In 2021, Argo became
the first climate positive cryptocurrency mining company, and a
signatory to the Crypto Climate Accord. Argo also participates in
several Web 3.0, DeFi and GameFi projects through its Argo Labs
division, further contributing to its business operations, as well
as the development of the cryptocurrency markets. For more
information, visit www.argoblockchain.com .
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