REG - Argo Blockchain PLC - Block Listing Application

Argo BlockchainAnnouncement

15/08/2024 07:00

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RNS Number : 5042A  Argo Blockchain PLC  15 August 2024

Press Release

15 August 2024

Argo Blockchain plc

("Argo" or "the Company")

Block Listing Application

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB;
NASDAQ: ARBK), announces that, in connection with the warrant granted to the
investor in the Company's fundraising announced on 30 July 2024 ("Warrant"),
applications have been made to the Financial Conduct Authority and London
Stock Exchange for the block listing of 31,406,429 ordinary shares of £0.001
each in the capital of the Company ("Block Listing Shares") to be admitted to
the Official List and to trading on the London Stock Exchange's Main Market
("Admission").

The Block Listing Shares are being reserved under a block listing. The Block
Listing Shares represent the remaining balance of the Company's exemption from
the issuance of a prospectus under the Prospectus Regulation Rules. The
Company intends to make an application for an additional block listing in
respect of the remaining 26,393,571 ordinary shares under the Warrant in
January 2025, when further headroom becomes available. When issued, the Block
Listing Shares will rank pari passu with the existing issued ordinary shares
of the Company.

Admission is expected to become effective at 8:00 am on Friday 16 August 2024.

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 74930989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
                                     (mailto:guy.wheatley@fortifiedsecurities.com)
 Tancredi Intelligent Communication  argoblock@tancredigroup.com (mailto: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 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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