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RNS Number : 1301K  Argo Blockchain PLC  03 December 2025

Press Release

3 December 2025

Argo Blockchain plc

("Argo" or "the Company")

Results of Plan and General Meetings

Argo Blockchain plc announces the results of the meetings held on 2 December
2025 in connection with its proposed restructuring plan under Part 26A of the
Companies Act 2006 (the "Restructuring Plan") and of its general meeting also
held on 2 December 2025.

Pursuant to an order made by the High Court of Justice, Business and Property
Courts of England and Wales (the "Court") dated 6 November 2025 (the "Order"),
the Company convened three Plan Meetings for 2 December 2025 - one each for
(i) Shareholders ("Shareholder Court Meeting"), (ii) Noteholders (8.75% Senior
Notes due 2026, ticker ARBKL), ("Noteholder Court Meeting") and (iii) the
Secured Lender (Growler Mining Tuscaloosa, LLC) ("Growler") ("Secured Lender
Court Meeting") ("Plan Meetings").  In addition to the Plan Meetings, a
general meeting of the Company was convened for 2 December 2025 ("General
Meeting").

Plan Meetings

Each Plan Meeting was asked to approve the Restructuring Plan.

The Restructuring Plan was approved, on poll votes, at each of the Plan
Meetings by the relevant majorities of the members of each class representing
at least 75% in value of those present and voting (in person or by proxy):

·     of the Shareholders, 81.70% in number of shares of those voting
approved the Restructuring Plan;

·     of the Noteholders, 100% in value of those voting approved the
Restructuring Plan; and

·     of the Secured Lender, 100% in value of those voting approved the
Restructuring Plan.

The Restructuring Plan remains subject to approval of the Court with the
sanction hearing currently scheduled to commence at 10.30 a.m. on 8 December
2025.

General Meeting

The General Meeting was held for the purpose of approving the conditional
waiver granted by the Takeover Panel, of the obligation that would otherwise
arise on Growler under Rule 9 of the Takeover Code in connection with the
Restructuring Plan ("Rule 9 Waiver").

The resolution to approve the Rule 9 Waiver was approved on a poll. The number
of votes lodged for and against the resolution, as well as the number of votes
withheld, is set out below.

 Votes for:       15,596,847  (77.03%)
 Votes against:   4,651,990   (22.97%)
 Votes withheld:  3,528,166   -

 

General

Documents relating to the Restructuring Plan are available at
https://deals.is.kroll.com/argo (https://deals.is.kroll.com/argo) .

The Restructuring Plan has been structured to enable the Company to rely on
the exemption from registration provided by Section 3(a)(10) of the U.S.
Securities Act of 1933, as amended, and certain other available exemptions
under the U.S. Securities Act of 1933 and applicable state securities laws, in
each case with respect to securities expected to be issued under the plan.

For further information of a general nature regarding the Restructuring Plan,
please contact Fladgate LLP, the Company's legal advisers.  Shareholders and
noteholders that are retail investors should contact the Retail Advocate.

 FLADGATE LLP
 Email:      Argo@fladgate.com (mailto:Argo@fladgate.com)
 Address:    16 Great Queen Street, London, WC2B 5DG
 Attention:  Jeremy Whiteson
 THE RETAIL ADVOCATE
 Email:      jy@abadvocate.co.uk (mailto:jy@abadvocate.co.uk)
 Attention:  Jon Yorke

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec 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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