REG - Argo Blockchain PLC - Appointment of CFO and Nasdaq Listing Update

Argo BlockchainAnnouncement

22/09/2025 07:00

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RNS Number : 1463A  Argo Blockchain PLC  22 September 2025

Press Release

22 September 2025

Argo Blockchain plc

("Argo" or "the Company")

Appointment of Chief Financial Officer and Nasdaq Listing Update

The Company is pleased to announce the promotion of Charlotte Proctor-Worrall
to the position of Chief Financial Officer, effective immediately.

 

Charlotte joined Argo in 2021 and has served as Group Financial Controller
since that time. She has built the Company's finance function from the ground
up, overseeing all core processes, controls, and reporting frameworks across
the UK, US, and Canada. She has led multiple annual audits, managed Argo's
IFRS and SEC reporting, overseen treasury and liquidity across fiat and crypto
assets, and supported Argo's capital markets and restructuring initiatives.

 

Justin Nolan, Chief Executive Officer of Argo, said:

"Charlotte will be an invaluable member of our leadership team. She has not
only strengthened Argo's financial operations and reporting, but also played a
pivotal role in advancing our recently announced strategic transaction with
Growler. Her promotion to CFO reflects her proven leadership and the trust she
has earned across the business."

 

Nasdaq Listing Update

As previously announced, on 18 July 2025, Argo received a letter from the
Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC
("Nasdaq") notifying Argo that because it has not regained compliance with the
minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1), the
Staff had determined to delist Argo's American Depositary Shares ("ADSs") from
The Nasdaq Global Select Market. Argo submitted a request for a hearing before
the Nasdaq Hearings Panel (the "Panel"), which stayed any suspension or
delisting action pending issuance of the Panel's decision following the
hearing.

A hearing before the Panel was held on 26 August 2025.

The Company is pleased to announce  that following the hearing, on 18
September 2025, Argo was notified by Nasdaq that the Panel had granted Argo's
request for continued listing on The Nasdaq Global Select Market, subject to
the condition that Argo demonstrates compliance with all applicable listing
rules on or before 14 January 2026. The Panel considered Argo's
recapitalization process under Part 26A of the UK Companies Act and determined
that Argo's continued listing request should be granted so as to allow it to
complete that process.

Argo remains focused on delivering its strategic recapitalization in
partnership with Growler Mining, LLC n/k/a Growler Mining Tuscaloosa, LLC and
will continue to update the market on material developments.

There can be no assurance that Argo will be able to regain compliance with the
minimum bid price requirement or will otherwise maintain compliance with all
other applicable Nasdaq Listing Rules. Argo's failure to meet these
requirements could result in Argo's ADSs being delisted from The Nasdaq Global
Select Market.

 

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 7493 989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
 Tancredi Intelligent Communication   argoblock@tancredigroup.com

 UK & Europe Media Relations

 About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) 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
(http://www.argoblockchain.com/) www.argoblockchain.com
(http://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 future plans and
objectives of the Company 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 and other conditions, the principal risks and uncertainties
listed in the risk factors set forth in our Annual Report and Financial
Statements and Form 20-F for the year ended 31 December 2024.

 

 

 

 

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