Result of Annual General Meeting

Argo Blockchain PLC

03 July 2023

 

Press release  

3 July 2023

Argo Blockchain plc

('Argo' or 'the Company') 

Result of Annual General Meeting

Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, is pleased to announce the results of the Company's annual general meeting held on Friday, 30 June 2023.

A poll was held on each of the resolutions in which Resolutions 1, 3, 4, 5, 6 and 7 (inclusive) were passed as ordinary resolutions and resolutions 8, 9 and 11 (inclusive) were passed as special resolutions. The results of the poll were as follows:

Resolutions		For		Against		Total Votes	% of ISC Voted	Votes Withheld
		Votes	%	Votes	%
Ordinary Resolutions
1.	To receive the Annual Report and Accounts	30,063,037	99.50%	151,523	0.50%	30,214,560	6.32%	180,178
2.	To approve the Directors' Remuneration Report	14,602,779	48.55%	15,473,222	51.45%	30,076,001	6.29%	318,737
3.	To re-appoint Matthew Shaw as a director of the Company	19,727,033	77.30%	5,791,631	22.70%	25,518,664	5.34%	4,876,074
4.	To re-appoint PKF Littlejohn as auditors of the Company	29,641,061	98.65%	406,662	1.35%	30,047,723	6.29%	347,015
5.	To authorise the directors to determine the auditor's remuneration	29,305,188	97.63%	710,021	2.37%	30,015,209	6.28%	379,529
6.	Authority to allot shares	28,245,144	93.86%	1,848,616	6.14%	30,093,760	6.30%	300,978
7.	Authority to allot further shares	20,686,449	68.84%	9,363,771	31.16%	30,050,220	6.29%	344,518
Special Resolutions
8.	General authority to disapply pre-emption rights	28,386,295	94.68%	1,595,215	5.32%	29,981,510	6.27%	413,228
9.	Additional authority to disapply pre-emption rights	28,489,337	95.07%	1,476,616	4.93%	29,965,953	6.27%	428,785
10.	Additional/Further authority to disapply pre-emption rights	20,740,850	69.31%	9,185,919	30.69%	29,926,769	6.26%	467,969
11.	Notice of general meetings	29,576,772	98.29%	514,362	1.71%	30,091,134	6.30%	303,604

While most of the proposed resolutions were passed, we note that resolutions 2 and 10 did not receive the necessary majority. The Company also notes the votes against resolution 3. The Company values transparent dialogue with all shareholders and will seek to consult and engage with them to better understand the reasons behind these votes.

For further information please contact:

Argo Blockchain
Investor Relations	[e-mail]
finnCap Ltd
Corporate Finance Jonny Franklin-Adams Seamus Fricker Joint Corporate Broker Sunila de Silva	[phone]
Tennyson Securities
Joint Corporate Broker Peter Krens	[phone]
Tancredi Intelligent Communication UK & Europe Media Relations
Salamander Davoudi Emma Valgimigli Fabio Galloni-Roversi Monaco Nasser Al-Sayed	[e-mail]

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.

 

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