Argo Blockchain PLC Result of Annual General Meeting
07 June 2024 - 4:00PM
RNS Regulatory News
RNS Number : 5004R
Argo Blockchain PLC
07 June 2024
Press release
7 June 2024
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 announces
the results of the Company's annual general meeting held on
Thursday, 6 June 2024.
A poll was held on each of the
resolutions in which Resolutions 1, 4, 5, 6, and 7 (inclusive) were
passed as ordinary resolutions and resolutions 9, 10 and 12
(inclusive) were passed as special resolutions. The results of the
poll were as follows:
|
Resolutions
|
For
|
Against
|
Total Votes
|
% of ISC
Voted
|
Votes Withheld
|
|
Votes
|
%
|
Votes
|
%
|
|
Ordinary Resolutions
|
|
1.
|
To receive the Annual Report and
Accounts
|
24,258,680
|
51.15%
|
23,165,756
|
48.85%
|
47,424,436
|
8.20%
|
582,052
|
|
2.
|
To approve the Directors'
Remuneration Report
|
14,039,146
|
29.62%
|
33,351,508
|
70.38%
|
47,390,654
|
8.19%
|
615,834
|
|
3.
|
To approve the Directors'
Remuneration Policy
|
11,624,065
|
24.59%
|
35,643,827
|
75.41%
|
47,267,892
|
8.17%
|
738,596
|
|
4.
|
To re-appoint Thomas Chippas as a
Director of the Company
|
41,833,621
|
88.56%
|
5,404,579
|
11.44%
|
47,238,200
|
8.17%
|
768,288
|
|
5.
|
To re-appoint PKF Littlejohn as
auditors of the Company
|
44,413,478
|
93.86%
|
2,903,114
|
6.14%
|
47,316,592
|
8.18%
|
689,896
|
|
6.
|
To authorise the directors to fix
the auditor's
remuneration
|
44,
056,590
|
92.90%
|
3,368,560
|
7.10%
|
47,425,150
|
8.20%
|
581,338
|
|
7.
|
Authority to allot shares
|
43,068,658
|
90.93%
|
4,296,013
|
9.07%
|
47,364,671
|
8.19%
|
641,817
|
|
8.
|
Authority to allot further
shares
|
12,845,500
|
27.12%
|
34,527,280
|
72.88%
|
47,372,780
|
8.19%
|
633,708
|
|
Special Resolutions
|
|
9.
|
General authority to disapply
pre-emption rights
|
42,925,954
|
91.11%
|
4,187,829
|
8.89%
|
47,113,783
|
8.15%
|
892,705
|
|
10.
|
Additional authority to disapply
pre-emption rights
|
43,006,818
|
91.29%
|
4,103,704
|
8.71%
|
47,110,522
|
8.15%
|
895,966
|
|
11.
|
Additional/Further authority to
disapply pre-emption rights
|
12,545,007
|
26.61%
|
34,607,096
|
73.39%
|
47,152,103
|
8.15%
|
854,385
|
|
12.
|
Notice of general
meetings
|
43,874,225
|
92.62%
|
3,497,095
|
7.38%
|
47,371,320
|
8.19%
|
635,168
|
While most of the proposed
resolutions were passed, we note that resolutions 2, 3, 8 and 11
did not receive the necessary majority. The Company also notes the
votes against resolution 1. In compliance with the QCA Code, the
Company has recognised the adverse votes and will consider and
reflect on the votes cast and update the market in due
course.
For further information please
contact:
About Argo:
Argo Blockchain plc is a
dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company
focused on large-scale cryptocurrency mining. With mining
operations in Quebec and 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. For more
information, visit www.argoblockchain.com.
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