REG - Argo Blockchain PLC - Vesting of PSU Award PDMR Dealing

Argo BlockchainAnnouncement

29/11/2024 07:00

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RNS Number : 1218O  Argo Blockchain PLC  29 November 2024

Press Release

29 November 2024

Argo Blockchain plc

("Argo" or "the Company")

Vesting of PSU Award

PDMR Dealing

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in
cryptocurrency mining, announces the vesting of Performance Share Units in
respect of 2,375,000 Ordinary Shares of £0.001 ("Ordinary Shares") each on
27 November 2024. These shares were issued as part of Performance Share Unit
awards previously granted to Thomas Chippas under the Company's 2022 Equity
Incentive Plan.

Following this vesting, Thomas Chippas, Chief Executive Officer, will own a
total of 2,375,000 Ordinary Shares representing approximately 0.37%
of the Company's issued share capital.  Following vesting, the Company will
have a total of 640,350,353 Ordinary Shares in issue. The above figure may be
used by the Company's shareholders as the denominator for the calculations by
which they can determine whether they are required to notify their interest
in, or a change of their interest in, the Company under the FCA Disclosure
Guidance and Transparency Rules.

This announcement contains inside information.

PDMR notification

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                                                         Thomas Chippas
 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  Performance Share Units
     Identification Code                                          GB00BZ15CS02
 b)  Nature of the transaction                                    Vesting of Performance Share Units
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  PSUs - N/A  2,375,000 Ordinary Shares
 d)  Aggregated information:                                       N/A

     Aggregated volume

     Price
 e)  Date of the transaction                                      27 November 2024
 f)  Place of the Transaction                                     Not on a trading venue

d)

Aggregated information:

Aggregated volume

Price

 N/A

e)

Date of the transaction

27 November 2024

f)

Place of the Transaction

Not on a trading venue

 

 

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com
 Tennyson Securities
 Corporate Broker                     +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 74930989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
                                     (mailto:guy.wheatley@fortifiedsecurities.com)
 Tancredi Intelligent Communication    argoblock@tancredigroup.com (mailto:argoblock@tancredigroup.com)

 UK & Europe Media Relations

 

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 (http://www.argoblockchain.com/)
www.argoblockchain.com (http://www.argoblockchain.com/) .

 

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