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    Argo Blockchain PLC Announces Vesting of PSU Award PDMR Dealing

    11/29/24 2:00:00 AM ET
    $ARBK
    Finance: Consumer Services
    Finance
    Get the next $ARBK alert in real time by email

    LONDON, ENGLAND / ACCESSWIRE / November 29, 2024 / 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

    [email protected]

    Tennyson Securities

    Corporate Broker

    Peter Krens

    +44 207 186 9030

    Fortified Securities

    Joint Broker

    Guy Wheatley, CFA

    +44 74930989014

    [email protected]

    Tancredi Intelligent Communication

    UK & Europe Media Relations

    [email protected]

    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.

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

    SOURCE: Argo Blockchain PLC



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    Q&A

    New
    • What is the total number of shares owned by Thomas Chippas after the vesting of Performance Share Units?

      Thomas Chippas, the CEO of Argo Blockchain, owns a total of 2,375,000 shares, which is approximately 0.37% of the company's issued share capital after the vesting of Performance Share Units on November 27, 2024.

    • How many Performance Share Units were vested and what is the nominal value of the shares?

      The Performance Share Units that vested correspond to 2,375,000 Ordinary Shares of £0.001 each, as part of the Company's 2022 Equity Incentive Plan.

    • What will be the total number of Ordinary Shares issued by Argo Blockchain after this transaction?

      Post-vesting, Argo Blockchain will have a total of 640,350,353 Ordinary Shares in issue.

    • What type of transaction is announced in this press release and on what date did it occur?

      The nature of the transaction is the vesting of Performance Share Units, which occurred on November 27, 2024.

    • What regulatory implications does this announcement hold for the shareholders of Argo Blockchain?

      This announcement contains inside information, and shareholders should be aware of the implications regarding FCA Disclosure Guidance and Transparency Rules.

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