Exercise of Options and Warrants

RNS Number : 4920O

Argo Blockchain PLC

09 February 2021

 

Press Release

09 February 2021

Argo Blockchain PLC

('Argo' or 'The Company') 

Exercise of Options and Warrants

Argo, the leading cryptocurrency miner based in the UK (LSE: ARB), announces that over the past several days it has received a notice of exercise of certain options ("Options") and notice of exercise of certain warrants ("Warrants") over ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares"). These exercise notices relate to Options and Warrants granted in connection with the Company's admission to the Official List and to trading on the Main Market.

As a result of the exercise of the Warrant, the Company has issued in aggregate 217,217 new Ordinary Shares to the holder of the Warrants ("New Ordinary Shares"). The New Ordinary Shares were issued at the exercise price of £0.16 per share for 77,217 shares and £0.08 per share for 140,000 shares. The aggregate gross proceeds to the Company from this warrant exercise is £23,555.

As a result of the exercise of the Option, the Company has issued in aggregate 22,619 new Ordinary Shares to the holder of the Option ("New Ordinary Shares"). The New Ordinary Shares were issued at the exercise price of £0.07 per share. The aggregate gross proceeds to the Company from this option exercise is £1,583.

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. Admission is expected to occur at 8:00 a.m. on 12 February 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission, the total number of Ordinary Shares in issue will be 359,344,958 and the total number of voting rights will therefore be 359,344,958. 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.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Argo Blockchain
Peter Wall,  Chief Executive Ian MacLeod,  Executive Chairman	via Tancredi Tel: [phone]
Corporate Broker - finnCap Ltd
Jonny Franklin-Adams / Tim Harper  (Corporate Finance) Sunila de Silva   (Corporate Broking)	Tel: [phone]
OTC Markets
Jonathan Dickson [e-mail]	Tel: [phone] Tel: [phone]
Media Relations
Tancredi Intelligent Communications Salamander Davoudi [e-mail] Emma Valgimigli [e-mail]	Tel: [phone] Tel: [phone]

About Argo:

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered 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

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

 

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