REG - Argo Blockchain PLC - PDMR Dealings & Option Grants

Argo BlockchainAnnouncement

25/05/2022 08:31

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RNS Number : 6789M  Argo Blockchain PLC  25 May 2022

25 May 2022

Argo Blockchain PLC

('Argo' or 'The Company')

Grant and Exercise of Options and PDMR Dealings

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB;
NASDAQ: ARBK), announces that:

·    between 19 and 23 May 2022, certain directors purchased ordinary
shares of £0.001 each in the capital of the Company ("Ordinary Shares") and
American Depositary Receipts representing Ordinary Shares ("ADRs");

·    on 23 May 2022, Peter Wall and an employee of the Company exercised
options ("Options") over a total of 1,595,000 Ordinary Shares;

·    on 23 May 2022, the Company granted Options over 500,000 Ordinary
Shares to Raghav Chopra, a non-executive director of the Company; and

·    on 23 May 2022, the Company granted in aggregate Options over
4,350,000 Ordinary Shares to the Company's staff and employees.

Purchase of Shares/ADRs

Between 19 and 23 May the following directors purchased Ordinary Shares/ADRs:

 PDMR / Person closely associated  Purchased               Weighted average price per Ordinary Share/ADR
 Maria Perrella                    6,000 ADRs              US$6.54 per ADR
 Sarah Gow                         20,000 Ordinary Shares  £0.4920 per Ordinary Share
 Alex Appleton                     39,415 Ordinary Shares  £0.4974 per Ordinary Share

 

Exercise of Options

On 23 May 2022, Peter Wall exercised Options over 430,000 Ordinary Shares at
an exercise price of £0.070 per Ordinary Share. Currently, Peter Wall has no
intentions to sell said Ordinary Shares. In addition, an employee of the
Company exercised Options over 1,165,000 Ordinary Shares at an exercise price
of £0.070 per Ordinary Share.

As a result of the above Options being exercised, the Company has issued in
aggregate 1,595,000 new Ordinary Shares. The aggregate gross proceeds to the
Company from this option exercise is £111,650. Application will be made for
the new Ordinary Shares to be admitted to the standard segment of the Official
List and to trading on the Main Market of the London Stock Exchange, and
admission is expected to occur at 8:00 a.m. on 30 May 2022. The new Ordinary
Shares will rank pari passu with the existing Ordinary Shares of the Company.

Grant of Options

On 23 May 2022, the Company granted Options as follows:

·    over 500,000 Ordinary Shares to Raghav Chopra, a non-executive
director of the Company; and

·    over 4,350,000 Ordinary Shares to the Company's staff and employees.

The Options have an exercise price of between £0.490 and £0.506 (as
determined in accordance with the rules of the relevant share option plan
under which they were granted) and vest as follows: 6/36th of the Options vest
on 23 November 2022 and thereafter 1/36th vest monthly such that 100% of the
Options vest on 23 May 2025. As Raghav Chopra is a non-executive director of
the Company, there are no performance conditions attached to the Options
granted to him.

Enlarged Share Capital

Following admission of all of shares arising from the exercise of Options
(which is expected to be on 30 May 2022), the total number of Ordinary Shares
in issue will be 469,677,335 and the total number of voting rights will
therefore be 469,677,335. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.

PDMR Notifications

Share Purchases

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Maria Perrella
 2.  Reason for the Notification
 a)  Position/status                                              PDMR
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Argo Blockchain PLC
 b)  LEI                                                          213800WPCCYSDYY26J54
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  American Depositary Receipts in respect of Ordinary shares ("ADRs")
     Identification Code                                          US0401261047
 b)  Nature of the transaction                                    Purchase of ADRs
 c)  Price(s) and volume(s)                                       Price(s)           Volume(s)
                                                                  US$6.54  per ADR   6,000 ADRs
 d)  Aggregated information:

      Aggregated volume                                          6,000 ADRs

     · Price                                                      US$6.54 per ADR
 e)  Date of the transaction                                      19 May 2022
 f)  Place of the Transaction                                     NASDAQ

d)

Aggregated information:

 Aggregated volume

· Price

 

6,000 ADRs

US$6.54 per ADR

e)

Date of the transaction

19 May 2022

f)

Place of the Transaction

NASDAQ

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Sarah Gow
 2.  Reason for the Notification
 a)  Position/status                                              PDMR
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Argo Blockchain PLC
 b)  LEI                                                          213800WPCCYSDYY26J54
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares
     Identification Code                                          GB00BZ15CS02
 b)  Nature of the transaction                                    Purchase of Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  £0.492    20,000 Ordinary Shares
 d)  Aggregated information:

      Aggregated volume                                          20,000 Ordinary Shares

     · Price                                                      £0.492 per Ordinary Share
 e)  Date of the transaction                                      19 May 2022
 f)  Place of the Transaction                                     London Stock Exchange

d)

Aggregated information:

 Aggregated volume

· Price

 

20,000 Ordinary Shares

£0.492 per Ordinary Share

e)

Date of the transaction

19 May 2022

f)

Place of the Transaction

London Stock Exchange

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Alex Appleton
 2.  Reason for the Notification
 a)  Position/status                                              PDMR
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Argo Blockchain PLC
 b)  LEI                                                          213800WPCCYSDYY26J54
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares
     Identification Code                                          GB00BZ15CS02
 b)  Nature of the transaction                                    Purchase of Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  £0.4974   39,415 Ordinary Shares
 d)  Aggregated information:

      Aggregated volume                                          39,415 Ordinary Shares

     · Price                                                      £0.4974 per Ordinary Share
 e)  Date of the transaction                                      23 May 2022
 f)  Place of the Transaction                                     London Stock Exchange

d)

Aggregated information:

 Aggregated volume

· Price

 

39,415 Ordinary Shares

£0.4974 per Ordinary Share

e)

Date of the transaction

23 May 2022

f)

Place of the Transaction

London Stock Exchange

 

Exercise of Options

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Peter Wall
 2.  Reason for the Notification
 a)  Position/status                                              PDMR
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Argo Blockchain PLC
 b)  LEI                                                          213800WPCCYSDYY26J54
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares
     Identification Code                                          GB00BZ15CS02
 b)  Nature of the transaction                                    Exercise of Options
 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
                                                                  £0.070 per Ordinary Share   430,000 Ordinary Shares
 d)  Aggregated information:

      Aggregated volume                                          430,000 Ordinary Shares

     · Price                                                      £0.070 per Ordinary Share
 e)  Date of the transaction                                      23 May 2022
 f)  Place of the Transaction                                     Not on a trading venue

d)

Aggregated information:

 Aggregated volume

· Price

 

430,000 Ordinary Shares

£0.070 per Ordinary Share

e)

Date of the transaction

23 May 2022

f)

Place of the Transaction

Not on a trading venue

 

Grant of Options

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Raghav Chopra
 2.  Reason for the Notification
 a)  Position/status                                              PDMR
 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Argo Blockchain PLC
 b)  LEI                                                          213800WPCCYSDYY26J54
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Options over ordinary shares
     Identification Code                                          GB00BZ15CS02
 b)  Nature of the transaction                                    Grant of options over Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)
                                                                  £0.490 per Ordinary Share   500,000 Ordinary Shares
 d)  Aggregated information:

      Aggregated volume                                          Options over 500,000 Ordinary Shares

     · Price                                                      £0.490 per Ordinary Share
 e)  Date of the transaction                                      23 May 2022
 f)  Place of the Transaction                                     Not on a trading venue

d)

Aggregated information:

 Aggregated volume

· Price

 

Options over 500,000 Ordinary Shares

£0.490 per Ordinary Share

e)

Date of the transaction

23 May 2022

f)

Place of the Transaction

Not on a trading venue

 

Inside Information and Forward-Looking Statements

This announcement contains inside information and includes forward-looking
statements which reflect the Company's or, as appropriate, the Directors'
current views, interpretations, beliefs or expectations with respect to the
Company's financial performance, business strategy and plans and objectives of
management for future operations.  These statements include forward-looking
statements both with respect to the Company and the sector and industry in
which the Company operates.  Statements which include the words "expects",
"intends", "plans", "believes", "projects", "anticipates", "will", "targets",
"aims", "may", "would", "could", "continue", "estimate", "future",
"opportunity", "potential" or, in each case, their negatives, and similar
statements of a future or forward-looking nature identify forward-looking
statements. All forward-looking statements address matters that involve risks
and uncertainties because they relate to events that may or may not occur in
the future.  Forward-looking statements are not guarantees of future
performance.  Accordingly, there are or will be important factors that could
cause the Company's actual results, prospects and performance to differ
materially from those indicated in these statements.  In addition, even if
the Company's actual results, prospects and performance are consistent with
the forward-looking statements contained in this document, those results may
not be indicative of results in subsequent periods. These forward-looking
statements speak only as of the date of this announcement.  Subject to any
obligations under the Prospectus Regulation Rules, the Market Abuse
Regulation, the Listing Rules and the Disclosure and Transparency Rules and
except as required by the FCA, the London Stock Exchange, the City Code or
applicable law and regulations, the Company undertakes no obligation publicly
to update or review any forward-looking statement, whether as a result of new
information, future developments or otherwise. For a more complete discussion
of factors that could cause our actual results to differ from those described
in this announcement, please refer to the filings that Company makes from time
to time with the United States Securities and Exchange Commission and the
United Kingdom Financial Conduct Authority, including the section entitled
"Risk Factors" in the Company's Registration Statement on Form F-1.

For further information please contact:

 Argo Blockchain
 Peter Wall                          via Tancredi +44 203 434 2334

 Chief Executive
 finnCap Ltd
 Corporate Finance                   +44 207 220 0500

 Jonny Franklin-Adams

 Tim Harper

 Joint Corporate Broker

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

 Peter Krens
 OTC Markets
 Jonathan Dickson                    +44 204 526 4581

 jonathan@otcmarkets.com             +44 7731 815 896
 Tancredi Intelligent Communication

 UK & Europe Media Relations
 Emma Valgimigli                     +44 7727 180 873

 Emma Hodges                         +44 7861 995 628

 Fabio Galloni-Roversi Monaco        +44 7888 672 701

 Nasser Al-Sayed                     +44 7915 033 739

 argoblock@tancredigroup.com

About Argo:

Argo Blockchain plc is a global leader in cryptocurrency mining with one of
the largest and most efficient operations powered by clean energy. The Company
is headquartered in London, UK and its shares are listed on the Main Market of
the London Stock Exchange under the ticker: ARB and on the Nasdaq Global
Select Market in the United States under the ticker: ARBK.

 

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