REG - Argo Blockchain PLC - Directorate Change

Argo BlockchainAnnouncement

09/02/2023 07:00

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RNS Number : 3760P  Argo Blockchain PLC  09 February 2023

Press Release

9 February 2023

Argo Blockchain plc

("Argo" or "the Company")

 

Change in Executive Management and Board Resignation

 

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB;
NASDAQ: ARBK), announces that Peter Wall is stepping down from his positions
as Chief Executive Officer and Interim Chairman to pursue other opportunities.
Argo intends to engage an executive search firm to assist with the process of
selecting a Chief Executive Officer and will update the market in due course.
The Board has appointed Chief Operating Officer Seif El-Bakly, CFA, as Interim
CEO, and Mr. Wall has agreed to remain as an advisor to Argo over the next
three months to support the transition. Matthew Shaw has been appointed
Chairman of the Board.

Matthew Shaw said: "Peter has created a strong foundation for Argo which is a
confident organisation full of talented people, aligned behind a clear
strategy and focused on delivering profitable growth and market share gains.
On behalf of the Board and everyone at Argo, I would like to thank Peter for
his many achievements and wish him every future success."

Peter Wall said: "It has been a great privilege to have led Argo Blockchain
over the past three years. It has been quite a journey, and we have come a
long way. I am pleased to have recently led the successful Galaxy deal, and I
thank all my colleagues at Argo for their dedication, support, and enthusiasm
in driving Argo forward. Onwards and upwards!"

Board Resignation

Argo also announces that Sarah Gow has resigned from her position as
non-executive director on the Board due to health reasons. The Board thanks
Mrs Gow for her valuable contributions to Argo since joining the board in July
2021 and wishes her all the best.

Sarah Gow said: "It has been a tremendous privilege to serve on the Board of
Argo, and I wish the Company every success for the future."

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com
 finnCap Ltd
 Corporate Finance                   +44 207 220 0500

 Jonny Franklin-Adams

 Seamus Fricker

 Joint Corporate Broker

 Sunila de Silva
 Tennyson Securities
 Joint Corporate Broker              +44 207 186 9030

 Peter Krens
 Tancredi Intelligent Communication

 UK & Europe Media Relations
 Salamander Davoudi                   argoblock@tancredigroup.com

 Emma Valgimigli

 Fabio Galloni-Roversi Monaco

 Nasser Al-Sayed

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With mining
facilities in Quebec, mining operations in 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.
Argo also participates in several Web 3.0, DeFi and GameFi projects through
its Argo Labs division, further contributing to its business operations, as
well as the development of the cryptocurrency markets. For more information,
visit (http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

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