REG - Argo Blockchain PLC - Result of Annual General Meeting

Argo BlockchainAnnouncement

29/06/2022 13:00

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RNS Number : 6504Q  Argo Blockchain PLC  29 June 2022

Press release

29 June 2022

 

Argo Blockchain PLC

('Argo' or 'the Company')

Result of Annual General Meeting

Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader in
cryptocurrency mining, is pleased to announce the results of the Company's
annual general meeting held today, 29 June 2022.

A poll was held on each of the resolutions and all of the resolutions were
passed by the required majority. Resolutions 1 to 10 (inclusive) were passed
as ordinary resolutions and resolutions 11 to 14 (inclusive) were passed as
special resolutions. The results of the poll were as follows:

 Resolutions                                                        For                 Against             Total Votes  % of ISC Voted  Votes Withheld
         Votes                                                      %           Votes   %
 Ordinary Resolutions
 1.      To receive the Annual Report and Accounts                  76,171,632  99.45%  424,304     0.55%   76,595,936   16.05%          471,341
 2.      To approve the Directors' Remuneration Report              56,894,073  74.23%  19,755,303  25.77%  76,649,376   16.07%          417,901
 3.      To re-appoint Alex Appleton as a director of the Company   72,021,242  93.99%  4,601,570   6.01%   76,622,812   16.06%          444,465
 4.      To re-appoint Sarah Gow as a director of the Company       67,461,572  88.03%  9,169,259   11.97%  76,630,831   16.06%          436,446
 5.      To re-appoint Maria Perrella as a director of the Company  67,478,115  88.06%  9,151,696   11.94%  76,629,811   16.06%          437,466
 6.      To re-appoint Raghav Chopra as a director of the Company   74,845,245  97.67%  1,788,257   2.33%   76,633,502   16.06%          433,775
 7.      To re-appoint PKF Littlejohn as auditors of the Company    75,922,291  98.98%  779,536     1.02%   76,701,827   16.08%          365,450
 8.      To authorise the directors to determine the auditor's      75,843,592  98.91%  838,555     1.09%   76,682,147   16.07%          385,250

         remuneration
 9.      To approve the 2022 Equity Incentive Plan                  54,754,888  71.47%  21,853,939  28.53%  76,608,827   16.06%          458,450
 10.     Authority to allot shares                                  73,772,816  96.21%  2,905,598   3.79%   76,678,414   16.07%          388,863
 Special Resolutions
 11.     General authority to disapply pre-emption rights           75,111,150  98.17%  1,403,399   1.83%   76,514,549   16.04%          552,728
 12.     Additional authority to disapply pre-emption rights        74,576,697  97.51%  1,903,319   2.49%   76,480,016   16.03%          587,261
 13.     Notice of general meetings                                 72,385,655  94.30%  4,373,926   5.70%   76,759,581   16.09%          307,696
 14.     Authority to purchase own shares                           76,100,181  99.13%  668,540     0.87%   76,768,721   16.09%          298,556

The Board is pleased that Resolution 2 (Directors Remuneration Report) and
Resolution 9 (Equity Incentive Plan) were passed with significant majorities,
but notes the votes against these resolutions. In accordance with the QCA
Corporate Governance Code, the Board will continue its engagement with
shareholders to discuss their concerns on the above resolutions.

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

 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 dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With its
flagship mining facility 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 www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

 

 

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