Argo Blockchain PLC Vesting of PSU Award PDMR Dealing
November 29 2024 - 1:00AM
RNS Regulatory News
RNS Number : 1218O
Argo Blockchain PLC
29 November 2024
Press Release
29 November 2024
Argo Blockchain
plc
("Argo"
or "the Company")
Vesting of PSU Award
PDMR Dealing
Argo Blockchain plc (LSE: ARB;
NASDAQ: ARBK), a global leader in cryptocurrency mining, announces
the vesting of Performance Share Units in respect of 2,375,000
Ordinary Shares of £0.001 ("Ordinary Shares") each on
27 November 2024. These shares were issued as part of
Performance Share Unit awards previously granted to Thomas Chippas
under the Company's 2022 Equity Incentive Plan.
Following this vesting, Thomas
Chippas, Chief Executive Officer, will own a total of 2,375,000
Ordinary Shares representing approximately 0.37%
of the Company's issued share capital.
Following vesting, the Company will have a total
of 640,350,353 Ordinary Shares in issue. The above figure may be
used by the Company's shareholders as the denominator for the
calculations by which they can determine whether they are required
to notify their interest in, or a change of their interest in, the
Company under the FCA Disclosure Guidance and Transparency
Rules.
This announcement contains inside
information.
PDMR
notification
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
|
Thomas Chippas
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
PDMR
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
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
instrument, type of instrument
|
Performance Share Units
|
|
|
Identification Code
|
GB00BZ15CS02
|
|
b)
|
Nature of the transaction
|
Vesting of Performance Share
Units
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
PSUs - N/A
|
2,375,000 Ordinary Shares
|
|
|
d)
|
Aggregated information:
Aggregated volume
Price
|
N/A
|
|
e)
|
Date of the transaction
|
27 November 2024
|
|
f)
|
Place of the Transaction
|
Not on a trading venue
|
For further information please
contact:
|
Argo
Blockchain
|
|
|
Investor Relations
|
ir@argoblockchain.com
|
|
Tennyson Securities
|
|
|
Corporate Broker
Peter Krens
|
+44 207 186 9030
|
|
Fortified Securities
|
|
|
Joint Broker
Guy
Wheatley, CFA
|
+44
74930989014
guy.wheatley@fortifiedsecurities.com
|
|
Tancredi Intelligent Communication
UK & Europe Media
Relations
|
argoblock@tancredigroup.com
|
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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END
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