Argo Blockchain PLC Application to the OTCQB Venture Market in the US (9971J)
December 29 2020 - 4:15AM
UK Regulatory
TIDMARB
RNS Number : 9971J
Argo Blockchain PLC
29 December 2020
29 December 2020
Argo Blockchain PLC
('Argo' or 'The Company')
Application to trade on the OTCQB Venture Market in the United
States
Argo (LSE: ARB), the leading cryptocurrency miner based in the
UK, is pleased to announce that it has filed an application with
FINRA, the Financial Industry Regulatory Authority, for the
Company's shares to be cross-traded publicly on the US OTCQB
Venture Market ("OTCQB"), under the ticker ARBKF, which would make
Argo's shares more widely available to North American
investors.
Trading on the US OTC market would have no impact on existing
Argo ordinary shares trading on the Main Market of the London Stock
Exchange and no new ordinary shares will be issued as part of the
cross-trade. Argo will continue to rely on the announcements and
disclosures it makes to the London Stock Exchange and will have no
Sarbanes-Oxley or SEC reporting requirements.
Should the application be successful, the cross-trading facility
will be provided through OTC Markets Group Inc., located in New
York. OTC Markets operates the world's largest electronic
interdealer quotation system for US broker dealers and offers
multiple media channels to increase the visibility of OTC-listed
companies. Independent studies show that trading on the OTC by an
international company offers a positive effect on the liquidity of
its shares.
Peter Wall, Chief Executive of Argo Blockchain, said: "We want
to make Argo available to US markets in order to gain access to a
broader investor base and enhance our visibility in North America.
We are already trading on OTCPK and we anticipate a full OTC
listing with wider investor reach in the coming days."
For further information please contact:
Argo Blockchain
Peter Wall, Chief Executive via Tancredi Tel: +44 203 434 2334
Ian MacLeod, Executive Chairman
------------------------------------
Corporate Broker - finnCap Ltd
Jonny Franklin-Adams / Kate Washington Tel: +44 20 7220 0500
(Corporate Finance)
Richard Chambers (Corporate Broking)
------------------------------------
Media Relations - Tancredi Intelligent Communications
Salamander Davoudi salamander@tancredigroup.com
Tel: +44 7957 549 906
Emma Valgimigli emma@tancredigroup.com
Tel: +44 7727 180 873
------------------------------------
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.
argoblockchain.com
See Argo's largest facility in Quebec:
https://youtu.be/LDWWaZ75Zbk
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