REG - Argo Blockchain PLC - Court sanction hearing update

Argo BlockchainAnnouncement

Mon 18:30

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RNS Number : 7252K  Argo Blockchain PLC  08 December 2025

Press Release

 

8 December 2025

 

 

Argo Blockchain plc

 

("Argo" or "the Company")

 

Court sanction hearing

 

 

In connection with the Company's restructuring plan under Part 26A of the
Companies Act 2006 (the "Restructuring Plan"), the sanction hearing before the
High Court of Justice, Business and Property Courts of England and Wales (the
"Court") was held on 8 December 2025.   The Court heard submissions from
counsel representing the Company, Growler Mining Tuscaloosa, LLC and the
Retail Advocate, Jon Yorke, following which the hearing was adjourned to 2.30
p.m. on Wednesday 10 December 2025 when  the Court will give its decision,
whether or not to sanction the Restructuring Plan.   If the Court sanctions
the Restructuring Plan on that date, the last day of trading of the Company's
shares on the Main Market will be on 10 December 2025 and delisting will be
effective from 7 a.m. on 11 December 2025.  A further announcement will be
made in due course.

 

Enquiries:

 

 ARGO

 Email:  ir@argoblockchain.com

 

 

 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 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 sanctioning of the
Company's Restructuring Plan and its expected effects 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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