Grant of Share Options

RNS Number : 9745B

Argo Blockchain PLC

05 February 2020

 

 Press Release

5 February 2020

Argo Blockchain PLC

('Argo' or 'The Company')

Grant of Share Options

Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), announces that the Board has granted an award of 11,400,000 options over ordinary shares of £0.001 each in the Company (Ordinary Shares).

These options have been granted to the Company's management, executive and Board members as a long term incentive. These options have been granted from the pool of available options established under the Company's 2018 option plan, including lapsed options that were returned to the Company's option pool.

The options are priced at £0.07 per Ordinary Share, and will begin to vest three months after the date of the grant in equal monthly tranches over the next 21 months and are exercisable on or before February 4, 2030. The options were granted as follows:

Director/Senior Manager	Options
Peter Wall	5,700,000
Ian MacLeod	1,900,000
Inderpreet Hothi	1,662,500
Sebastien Chalus	1,187,500
Matthew Shaw	475,000
Timothy Le Druillenec	475,000
Total	11,400,000

Mike Edwards, the Company's former Executive Chairman, retains the 7,047,525 options over Ordinary Shares granted to Mr Edwards in July 2018, and which have already vested, for a period of three years from January 27, 2020. The remaining 3,281,500 unvested options lapsed on his departure, and were returned to the option pool under the Company's 2018 option plan. Details of the Company's option plan are set out in the Company's prospectus dated 30 July 2018. The options granted to Mr Edwards remain exercisable at a price of 16 pence per Ordinary Share.

Ian MacLeod, Argo's executive chairman, stated that: "The grant of these options aligns the interests of the Board and senior management with those of the Company's shareholders and incentivises increased profitability and the generation of long term shareholder value." 

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	Peter Wall Ian MacLeod Inderpreet Hothi Sebastien Chalus Matthew Shaw Timothy Le Druillenec
2.	Reason for the Notification
a)	Position/status	Directors and PDMRs of the Company
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	Options over Ordinary shares
	Identification Code	GB00BZ15CS02
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Optionholder Price No. of options over ordinary shares Peter Wall £0.07 5,700,000 Ian MacLeod £0.07 1,900,000 Inderpreet Hothi £0.07 1,662,500 Sebastien Chalus £0.07 1,187,500 Matthew Shaw £0.07 475,000 Timothy Le Druillenec £0.07 475,000
d)	Aggregated information: ·     Aggregated volume ·     Price	11,400,000 Options over Ordinary Shares £0.07 per Ordinary Share
e)	Date of the transaction	February 5, 2020
f)	Place of the Transaction	Not on a trading venue

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	Matthew Shaw
2.	Reason for the Notification
a)	Position/status	Director
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	Options over Ordinary shares
	Identification Code	GB00BZ15CS02
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 16 pence per Ordinary Share 1,000,000 Options over Ordinary Shares
d)	Aggregated information: ·     Aggregated volume ·     Price	1m   Options over  Ordinary Shares £0.16    per Ordinary Share
e)	Date of the transaction	28 August 2019
f)	Place of the Transaction	Not on a trading venue

This announcement contains inside information.

For further information please contact:

Argo Blockchain
Peter Wall Chief Executive Neil Thapar Financial Communications Adviser	via Tancredi [phone] [phone]
Mirabaud
Corporate Broker Peter Krens	[phone]
Tancredi Communication Media Relations
Salamander Davoudi [e-mail]  Emma Valgimigli [e-mail]	[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.

https://argoblockchain.com/

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

 

END

 

 

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