Grant of Options

RNS Number : 7345M

Argo Blockchain PLC

23 September 2021

 

23 September 2021

Argo Blockchain PLC

("Argo" or "the Company")

Grant of Options

Argo Blockchain, a global leader in cryptocurrency mining  (LSE: ARB ), announces that 20 personnel were granted a total of 5,500,000 options over ordinary shares at an exercise price of £1.57 each in the capital of the Company ("Options") on September 22nd, 2021, including grants to the following directors :

Alex Appleton	1,250,000
Matthew Shaw	250,000
Maria Perrella	500,000
Colleen Sullivan	500,000
Sarah Gow	500,000

The options vest over a three-year period, with first vesting occurring six months from the date of grant (at which point 6/36^ths vest) and, thereafter the options vest at a rate of 1/36^th per month for the remainder of the vesting period.

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	via Tancredi [phone]
finnCap Ltd
Corporate Finance Jonny Franklin-Adams Tim Harper  Joint Corporate Broker Sunila de Silva	[phone]
Tennyson Securities
Joint Corporate Broker Peter Krens	[phone]
OTC Markets
Jonathan Dickson [e-mail]	[phone] [phone]
Tancredi Intelligent Communication UK & Europe Media Relations
Emma Valgimigli Emma Hodges Salamander Davoudi [e-mail]	[phone] [phone] [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 and on the OTCQX Best Market in the United States under the ticker: ARBKF.

 

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