REG - Argo Blockchain PLC - Result of Annual General Meeting

Argo BlockchainAnnouncement

03/07/2023 07:00

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RNS Number : 6385E  Argo Blockchain PLC  03 July 2023

Press release

3 July 2023

 

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 on Friday, 30 June 2023.

A poll was held on each of the resolutions in which Resolutions 1, 3, 4, 5, 6
and 7 (inclusive) were passed as ordinary resolutions and resolutions 8, 9 and
11 (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                    30,063,037  99.50%  151,523     0.50%   30,214,560   6.32%           180,178
 2.      To approve the Directors' Remuneration Report                14,602,779  48.55%  15,473,222  51.45%  30,076,001   6.29%           318,737
 3.      To re-appoint Matthew Shaw as a director of the Company      19,727,033  77.30%  5,791,631   22.70%  25,518,664   5.34%           4,876,074
 4.      To re-appoint PKF Littlejohn as auditors of the Company      29,641,061  98.65%  406,662     1.35%   30,047,723   6.29%           347,015
 5.      To authorise the directors to determine the auditor's        29,305,188  97.63%  710,021     2.37%   30,015,209   6.28%           379,529

         remuneration
 6.      Authority to allot shares                                    28,245,144  93.86%  1,848,616   6.14%   30,093,760   6.30%           300,978
 7.      Authority to allot further shares                            20,686,449  68.84%  9,363,771   31.16%  30,050,220   6.29%           344,518
 Special Resolutions
 8.      General authority to disapply pre-emption rights             28,386,295  94.68%  1,595,215   5.32%   29,981,510   6.27%           413,228
 9.      Additional authority to disapply pre-emption rights          28,489,337  95.07%  1,476,616   4.93%   29,965,953   6.27%           428,785
 10.     Additional/Further authority to disapply pre-emption rights  20,740,850  69.31%  9,185,919   30.69%  29,926,769   6.26%           467,969
 11.     Notice of general meetings                                   29,576,772  98.29%  514,362     1.71%   30,091,134   6.30%           303,604

While most of the proposed resolutions were passed, we note that resolutions 2
and 10 did not receive the necessary majority. The Company also notes the
votes against resolution 3. The Company values transparent dialogue with all
shareholders and will seek to consult and engage with them to better
understand the reasons behind these votes.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto: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 (mailto: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. For more information, visit www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

 

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