TIDMARB
RNS Number : 4027Q
Argo Blockchain PLC
25 February 2021
25 February 2021
Argo Blockchain PLC
('Argo' or 'The Company')
Exercise of Options, Warrants and PDMR Dealings
Argo, the leading cryptocurrency miner based in the UK (LSE:
ARB), announces that:
-- on 23 of February, certain directors of the Company exercised
options over Ordinary Shares ("Options") as more particularly set
out below;
-- between the 24 and 25 of February, certain directors of the
Company sold ordinary shares of GBP0.001 each in the capital of the
Company ("Ordinary Shares") as more particularly set out below;
and
-- on 23 of February, the Company received exercise notices from
warrant holders exercising their warrants over Ordinary Shares
("Warrants") over in aggregate 1,350,000 Ordinary Shares.
Exercise of Options
On 23 February 2021, the following directors exercised
Options:
PDMR / Person closely Options exercised Weighted average exercise
associated price per Ordinary Share
Peter Wall 2,000,000 7p
------------------ --------------------------
Ian MacLeod 900,000 7p
------------------ --------------------------
Matthew Shaw 643,915 13p
------------------ --------------------------
As a result of the above Options being exercised, the Company
has issued in aggregate 3,543,915 new Ordinary Shares. The
aggregate gross proceeds to the Company from this option exercise
is GBP289,741. 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, and
admission is expected to occur at 8:00 a.m. on 26 February 2021.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company.
Sale of Shares
Between 24 February and 25 February 2021, the following
directors sold the following Ordinary Shares arising from the
exercise of Options:
PDMR / Person closely Ordinary Shares sold Weighted average price
associated per Ordinary Share
Peter Wall 1,525,000 GBP2.43
--------------------- -----------------------
Ian MacLeod 900,000 GBP2.31
--------------------- -----------------------
Matthew Shaw 506,626 GBP2.51
--------------------- -----------------------
Following settlement of the above share sale, Peter Wall and Ian
MacLeod will make a donation equal to 5 per cent of the profit from
their sale of shares to an environmental charity.
Exercise of Warrants
The Company has received exercise notices in respect of Warrants
over, in aggregate 1,350,000 Ordinary Shares at exercise prices
between GBP0.001 and GBP0.08 per Ordinary Share. As a result of the
exercise of these options, the Company has issued in aggregate
1,350,000 new Ordinary Shares. The aggregate gross proceeds to the
Company from this option exercise is GBP29,000.
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, and
admission is expected to occur at 8:00 a.m. on 26 February 2021.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company.
Enlarged Share Capital
Following admission of all of the above shares (which is
expected to be on 26 February 2021), the total number of Ordinary
Shares in issue will be 364,863,873 and the total number of voting
rights will therefore be 364,863,873. 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.
Exercise of Options
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 Peter Wall
Ian MacLeod
Matthew Shaw
-------------------------------- ---------------------------------------------------
2. Reason for the Notification
-------------------------------------------------------------------------------------
a) Position/status PDMR
-------------------------------- ---------------------------------------------------
b) Initial notification Initial notification
/ Amendment
-------------------------------- ---------------------------------------------------
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 Ordinary shares
instrument, type of instrument
Identification Code GB00BZ15CS02
-------------------------------- ---------------------------------------------------
b) Nature of the transaction Exercise of Options
-------------------------------- ---------------------------------------------------
c) Price(s) and volume(s) Optionholder Price(s) Volume(s)
Peter Wall 7 pence per 2,000,000
Ordinary Ordinary
Share Shares
Ian MacLeod 7 pence per 900,000 Ordinary
Ordinary Shares
Share
Matthew Shaw 7 pence per 180,952 Ordinary
Ordinary Shares
Matthew Shaw Share 462,963 Ordinary
16 pence Shares
per Ordinary
Share
-------------- ------------------
-------------------------------- ---------------------------------------------------
d) Aggregated information:
Aggregated volume 3,543,915 Ordinary Shares
* Price 8 pence per Ordinary Share
-------------------------------- ---------------------------------------------------
e) Date of the transaction 23 February 2021
-------------------------------- ---------------------------------------------------
f) Place of the Transaction Not on a trading venue
-------------------------------- ---------------------------------------------------
Share Sales
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 Peter Wall
Ian MacLeod
Matthew Shaw
-------------------------------- --------------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------------
a) Position/status PDMR
-------------------------------- --------------------------------------------------
b) Initial notification Initial notification
/ Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares
instrument, type of instrument
Identification Code GB00BZ15CS02
-------------------------------- --------------------------------------------------
b) Nature of the transaction Sale of Shares
-------------------------------- --------------------------------------------------
c) Price(s) and volume(s) Seller Price(s) Volume(s)
Peter Wall 240 pence 1,025,000
24 February per Ordinary Ordinary
Share Shares
Peter Wall 248 pence 500,000 Ordinary
25 February per Ordinary Shares
Ian MacLeod Share 750,000 Ordinary
24 February 227 pence Shares
Ian MacLeod per Ordinary 150,000 Ordinary
25 February Share Shares
248 pence
per Ordinary
Share
Matthew Shaw 251 pence 506,626 Ordinary
25 February per Ordinary Shares
Share
-------------- ------------------
-------------------------------- --------------------------------------------------
d) Aggregated information:
Aggregated volume 2,931,626 Ordinary Shares
* Price 241 pence per Ordinary Share
-------------------------------- --------------------------------------------------
e) Date of the transaction 24 and 25 February 2021
-------------------------------- --------------------------------------------------
f) Place of the Transaction London Stock Exchange
-------------------------------- --------------------------------------------------
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
Ian MacLeod
Executive Chairman
------------------------------
finnCap Ltd
------------------------------
Corporate Finance
Jonny Franklin-Adams
Tim Harper
Corporate Broking
Sunila de Silva +44 207 220 0500
------------------------------
OTC Markets
------------------------------
+44 204 526 4581
Jonathan Dickson
jonathan@otcmarkets.com +44 7731 815 896
------------------------------
Tancredi Intelligent Communication
UK & Europe Media Relations
------------------------------
Salamander Davoudi
salamander@tancredigroup.com +44 7957 549 906
Emma Valgimigli
emma@tancredigroup.com +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
predominantly 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
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END
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