UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 6-K
_____________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2025
Commission File Number: 001-40816
_____________________
Argo Blockchain plc
(Translation of registrant’s name into English)
_____________________
Eastcastle House
27/28 Eastcastle Street
London W1W 8DH
England
(Address of principal executive office)
_____________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒
Form
40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
|
Exhibit
No.
1
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Description
Appointment
of Chief Executive Officer dated 24 March 2025
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Press
Release
24
March 2025
Argo Blockchain plc
("Argo"
or "the Company")
Appointment of Chief Executive Officer and PDMR
Notification
Argo
Blockchain plc, (LSE: ARB; NASDAQ: ARBK), is pleased to announce
that it has appointed Justin Nolan as Chief Executive Officer and
Director with effect as of 22 March 2025.
Justin
Nolan most recently was Chief Executive Officer at Arkon Energy, a
digital infrastructure company. Prior to his role at Arkon Energy,
Mr. Nolan served as Chief Growth Officer at Argo. In this capacity,
he played a pivotal role in expanding the Company's operations,
including the development of the Helios project. Earlier in his
career, Nolan co-founded and led DPN LLC, which was instrumental in
the initial development of the Helios project before its
acquisition by Argo Blockchain in March 2021.
Argo's
chairman, Matthew Shaw said, "We are delighted to welcome Justin
back to Argo at this pivotal time for the Company. His deep
industry expertise, strategic vision, and leadership in scaling
mining operations, including his previous contributions to the
Helios project, make him the ideal leader for our next phase of
growth. Under his guidance, we look forward to further
strengthening Argo's market position and operational
efficiency."
Justin
Nolan said, "I am honored to rejoin Argo as CEO and lead the
Company into its next chapter. Argo has a strong foundation, a
talented team, and a commitment to operational excellence. I look
forward to working closely with the Board and our stakeholders to
drive innovation, enhance efficiency, and create sustainable value
for shareholders."
In
connection with the appointment, the Company has awarded 22,250,000
performance share units relating to the Company's ordinary shares
("PSUs") to Justin Nolan. In accordance with the Company's
remuneration policy, which applies to the Company's CEO, the PSUs
contain performance conditions relevant to Mr. Nolan's role. The
PSUs vest over a three-year period, with first vesting occurring
twelve months from the date of grant (at which point up to
one-third vest), the second vesting occurring 24 months from the
date of grant (at which point up to a further third vest) and the
third vesting occurring 36 months from date of grant (at which
point up to the final third vest), subject to the continued
employment of Mr. Nolan and satisfaction of the performance
conditions. If the performance conditions are not satisfied at
particular vesting dates, but are subsequently satisfied, the
relevant fraction of PSUs will vest.
This
announcement contains inside information.
PDMR notification
Notification
and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with
them.
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1.
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Details of the person discharging managerial responsibilities /
person closely associated
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||||
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a)
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Name
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Justin
Nolan
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|||
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2.
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Reason for the Notification
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||||
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a)
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Position/status
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PDMR
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|||
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b)
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Initial
notification / Amendment
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Initial
notification
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|||
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3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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||||
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a)
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Name
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Argo
Blockchain PLC
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|||
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b)
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LEI
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213800WPCCYSDYY26J54
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|||
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4.
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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
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||||
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a)
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Description
of the Financial instrument, type of instrument
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PSUs
in respect of Ordinary Shares
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|||
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Identification
Code
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GB00BZ15CS02
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||||
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b)
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Nature
of the transaction
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Grant
of PSUs in respect of Ordinary Shares
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|||
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c)
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Price(s)
and volume(s)
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Price(s)
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Volume(s)
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PSUs
- N/A
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22,250,000
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||||
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d)
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Aggregated
information:
Aggregated
volume
Price
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N/A
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|||
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e)
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Date
of the transaction
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22 March
2025
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|||
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f)
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Place
of the Transaction
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Not
on a trading venue
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|||
For further information please contact:
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Argo
Blockchain
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Investor
Relations
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|
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Tennyson
Securities
|
|
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Corporate
Broker
Peter
Krens
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+44
207 186 9030
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Fortified
Securities
|
|
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Joint
Broker
Guy
Wheatley, CFA
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+44
7493 989014
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Tancredi
Intelligent Communication
UK
& Europe Media Relations
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About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK)
blockchain technology company focused on large-scale cryptocurrency
mining. With a mining facility in Quebec 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.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Date:
24 March,2025
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ARGO BLOCKCHAIN PLC
By:
/s/ Jim
MacCallum
Name:
Jim MacCallum
Title:
Chief Financial Officer
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