REG - Argo Blockchain PLC - Pricing of Initial Public Offering

Argo BlockchainAnnouncement

23/09/2021 07:00

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RNS Number : 7342M  Argo Blockchain PLC  23 September 2021

23 September 2021

 

 

Argo Blockchain PLC

("Argo" or "the Company")

 

Pricing of Initial Public Offering

 

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is
pleased to announce the pricing of its initial public offering
of 7,500,000 American Depositary Shares ("ADSs"), representing an aggregate
of 75,000,000 ordinary shares, at a public offering price of $15.00 per
ADS. The Company has raised aggregate gross proceeds of $112,500,000, before
deducting underwriting discounts and commissions. Each ADS offered represents
10 ordinary shares of Argo Blockchain. In addition, Argo Blockchain has
granted the underwriters a 30-day option to purchase up to an additional
1,125,000 ADSs at the public offering price, less underwriting discounts and
commissions. The ADSs are being offered in a registered public offering in the
United States (the "Offering"). The ADSs are expected to begin trading on the
Nasdaq Global Market under the ticker symbol "ARBK" on September 23, 2021, and
the Offering is expected to close on September 27, 2021, subject to the
satisfaction of customary closing conditions.

Jefferies and Barclays are acting as joint book-running managers for the
Offering. Canaccord Genuity and Stifel GMP are acting as co-lead managers for
the Offering. Compass Point, D.A. Davidson & Co., Ladenburg Thalmann, Roth
Capital Partners, finnCap Ltd, and Tennyson Securities are acting as
co-managers for the Offering. The Offering is being made only by means of a
prospectus filed with the U.S. Securities and Exchange Commission. When
available, copies of the final prospectus relating to and describing the terms
of the proposed Offering may be obtained from Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY
10022, by telephone at (877) 821-7388 or by email at
Prospectus_Department@Jefferies.com (about:blank) ; or from Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, telephone: 1-888-603-5847, or by emailing
barclaysprospectus@broadridge.com. (about:blank)

A registration statement relating to these securities has been filed with the
SEC and became effective on September 22, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these
securities, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities law of any such state or
jurisdiction.

This announcement contains inside information.

 

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 (about:blank)       +44 7731 815 896
 Tancredi Intelligent Communication

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

 Emma Hodges                                 +44 7861 995 628

 Salamander Davoudi                          +44 7957 549 906

 argoblock@tancredigroup.com (about:blank)

 

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 OTCQX Best Market
in the United States under the ticker: ARBKF.

 

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