TIDMARB

RNS Number : 9741K

Argo Blockchain PLC

07 January 2021

7 January 2021

Argo Blockchain PLC

('Argo' or 'The Company')

Exercise of Options and Warrants

Argo, the leading cryptocurrency miner based in the UK LSE: ARB), announces that it has received a notice of exercise of certain options ("Options") and notice of exercise of certain warrants ("Warrants") over ordinary shares of GBP0.001 each in the capital of the Company ("Ordinary Shares"). The exercise notices relates to Options and Warrants granted in connection with the Company's admission to the Official List and to trading on the Main Market.

As a result of the exercise of the Options, the Company has issued in aggregate 4,500,000 new Ordinary Shares to the holders of the Options. The new Ordinary Shares were issued at the exercise price of GBP0.16 per share. The aggregate gross proceeds to the Company from this option exercise is GBP720,000.

As a result of the exercise of the Warrants, the Company has issued in aggregate 4,109,528 new Ordinary Shares to the holders of the Warrants. 1,804,195 new Ordinary Shares were issued at the exercise price of GBP0.16 per share and 2,305,333 new Ordinary shares were issued at the exercise price of GBP0.08 per share. The aggregate gross proceeds to the Company from this warrant exercise is GBP473,298.

Application will be made for the new Ordinary Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. Admission is expected to occur at 8:00 a.m. on 11 January 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission, the total number of Ordinary Shares in issue will be 317,650,525 and the total number of voting rights will therefore be 317,650,525. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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            Tel: +44 20 7220 0500 
  Kate Washington 
  (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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January 07, 2021 09:57 ET (14:57 GMT)

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