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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END

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