TIDMARB
RNS Number : 6385E
Argo Blockchain PLC
03 July 2023
Press release
3 July 2023
Argo Blockchain plc
('Argo' or 'the Company')
Result of Annual General Meeting
Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader
in cryptocurrency mining, is pleased to announce the results of the
Company's annual general meeting held on Friday, 30 June 2023.
A poll was held on each of the resolutions in which Resolutions
1, 3, 4, 5, 6 and 7 (inclusive) were passed as ordinary resolutions
and resolutions 8, 9 and 11 (inclusive) were passed as special
resolutions. The results of the poll were as follows:
Resolutions For Against Total % of Votes Withheld
Votes ISC Voted
Votes % Votes %
----------- ------- ----------- -------
Ordinary Resolutions
To receive the
Annual Report
1. and Accounts 30,063,037 99.50% 151,523 0.50% 30,214,560 6.32% 180,178
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
To approve the
Directors' Remuneration
2. Report 14,602,779 48.55% 15,473,222 51.45% 30,076,001 6.29% 318,737
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
To re-appoint
Matthew Shaw
as a director
3. of the Company 19,727,033 77.30% 5,791,631 22.70% 25,518,664 5.34% 4,876,074
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
To re-appoint
PKF Littlejohn
as auditors
4. of the Company 29,641,061 98.65% 406,662 1.35% 30,047,723 6.29% 347,015
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
To authorise
the directors
to determine
the auditor's
5. remuneration 29,305,188 97.63% 710,021 2.37% 30,015,209 6.28% 379,529
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
Authority to
6. allot shares 28,245,144 93.86% 1,848,616 6.14% 30,093,760 6.30% 300,978
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
Authority to
allot further
7. shares 20,686,449 68.84% 9,363,771 31.16% 30,050,220 6.29% 344,518
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
Special Resolutions
General authority
to disapply
pre-emption
8. rights 28,386,295 94.68% 1,595,215 5.32% 29,981,510 6.27% 413,228
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
Additional authority
to disapply
pre-emption
9. rights 28,489,337 95.07% 1,476,616 4.93% 29,965,953 6.27% 428,785
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
Additional/Further
authority to
disapply pre-emption
10. rights 20,740,850 69.31% 9,185,919 30.69% 29,926,769 6.26% 467,969
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
Notice of general
11. meetings 29,576,772 98.29% 514,362 1.71% 30,091,134 6.30% 303,604
------------------------- ----------- ------- ----------- ------- ----------- ---------- ---------------
While most of the proposed resolutions were passed, we note that
resolutions 2 and 10 did not receive the necessary majority. The
Company also notes the votes against resolution 3. The Company
values transparent dialogue with all shareholders and will seek to
consult and engage with them to better understand the reasons
behind these votes.
For further information please contact:
Argo Blockchain
Investor Relations ir@argoblockchain.com
------------------------------
finnCap Ltd
------------------------------
Corporate Finance
Jonny Franklin-Adams
Seamus Fricker
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
------------------------------
Tennyson Securities
------------------------------
Joint Corporate Broker
Peter Krens +44 207 186 9030
------------------------------
Tancredi Intelligent Communication
UK & Europe Media Relations
------------------------------
Salamander Davoudi argoblock@tancredigroup.com
Emma Valgimigli
Fabio Galloni-Roversi Monaco
Nasser Al-Sayed
------------------------------
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 www.argoblockchain.com .
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