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Argo BlockchainAnnouncement

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RNS Number : 4659L  Argo Blockchain PLC  12 December 2025

Press Release

 

12 December 2025

 

 

Argo Blockchain plc

 

("Argo" or "the Company")

 

Updates Regarding Full Redemption and Mandatory Exchange of 8.75% Senior Notes
due 2026

 

The Company announces that on the morning of Friday, December 12, 2025, the
Company completed its previously announced ratio change of its ordinary shares
("Shares") to American Depositary Share ("ADSs"), to adjust the ratio from
10:1 to 2,160:1, so that one ADS will represent 2,160 Shares.

 

Also on the morning of Friday, December 12, 2025, Nasdaq announced on
NasdaqTrader.com that the effective date for the Company's previously
announced redemption and exchange of its 8.75% senior notes due 2026 (CUSIP:
040126 203) will be December 15, 2025, and that the redemption rate will be
0.835001875 American Depositary Receipts (evidencing ADSs of the Company) per
$25.00 in principal amount of Notes (plus accrued and unpaid interest). This
redemption rate is expressed on a post-adjustment basis, after giving effect
to the ratio change described above.

 

Enquiries:

 

 ARGO

 Email:  ir@argoblockchain.com

 

 About Argo:

 

Argo Blockchain plc (NASDAQ: ARBK) is a blockchain technology company focused
on large-scale cryptocurrency mining. With a mining facility in Quebec 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.

 

Forward looking statements

 

This announcement contains "forward-looking statements," which can be
identified by words like "may," "will," "likely," "should," "expect,"
"anticipate," "future," "plan," "believe," "intend," "goal," "seek,"
"estimate," "project," "continue" and similar expressions. Forward-looking
statements are neither historical facts nor assurances of future performance.
Instead, they are based only on the Company's current beliefs, expectations
and assumptions regarding the future of its business, future plans and
strategies, projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the future,
they are subject to inherent uncertainties, risks and changes in circumstances
that are difficult to predict and many of which are outside of the Company's
control. The information in this announcement about the Company's anticipated
redemption and mandatory exchange of its 2026 Notes are forward-looking
statements. Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause the Company's actual results
and financial condition to differ materially from those indicated in the
forward-looking statements include market conditions; the Company's ability to
implement the Restructuring Plan on the expected timeline or at all; the
ability to retain the Company's listing on Nasdaq; operational, financial,
regulatory, tax and legal risks; assumptions underlying revenue, EBITDA and
valuation estimates; and the principal risks and uncertainties described in
the risk factors set forth in the Company's Annual Report and Financial
Statements and Form 20-F for the year ended 31 December 2024.

 

 

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