Result of Annual General Meeting

Argo Blockchain PLC

07 June 2024

 

Press release  

7 June 2024

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 announces the results of the Company's annual general meeting held on Thursday, 6 June 2024.

A poll was held on each of the resolutions in which Resolutions 1, 4, 5, 6, and 7 (inclusive) were passed as ordinary resolutions and resolutions 9, 10 and 12 (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	24,258,680	51.15%	23,165,756	48.85%	47,424,436	8.20%	582,052
2.	To approve the Directors' Remuneration Report	14,039,146	29.62%	33,351,508	70.38%	47,390,654	8.19%	615,834
3.	To approve the Directors' Remuneration Policy	11,624,065	24.59%	35,643,827	75.41%	47,267,892	8.17%	738,596
4.	To re-appoint Thomas Chippas as a Director of the Company	41,833,621	88.56%	5,404,579	11.44%	47,238,200	8.17%	768,288
5.	To re-appoint PKF Littlejohn as auditors of the Company	44,413,478	93.86%	2,903,114	6.14%	47,316,592	8.18%	689,896
6.	To authorise the directors to fix the auditor's remuneration	44, 056,590	92.90%	3,368,560	7.10%	47,425,150	8.20%	581,338
7.	Authority to allot shares	43,068,658	90.93%	4,296,013	9.07%	47,364,671	8.19%	641,817
8.	Authority to allot further shares	12,845,500	27.12%	34,527,280	72.88%	47,372,780	8.19%	633,708
Special Resolutions
9.	General authority to disapply pre-emption rights	42,925,954	91.11%	4,187,829	8.89%	47,113,783	8.15%	892,705
10.	Additional authority to disapply pre-emption rights	43,006,818	91.29%	4,103,704	8.71%	47,110,522	8.15%	895,966
11.	Additional/Further authority to disapply pre-emption rights	12,545,007	26.61%	34,607,096	73.39%	47,152,103	8.15%	854,385
12.	Notice of general meetings	43,874,225	92.62%	3,497,095	7.38%	47,371,320	8.19%	635,168

While most of the proposed resolutions were passed, we note that resolutions 2, 3, 8 and 11 did not receive the necessary majority. The Company also notes the votes against resolution 1. In compliance with the QCA Code, the Company has recognised the adverse votes and will consider and reflect on the votes cast and update the market in due course.

For further information please contact:

Argo Blockchain
Investor Relations	[e-mail]
Tennyson Securities
Corporate Broker Peter Krens	[phone]
Fortified Securities
Joint Broker Guy Wheatley, CFA	[phone] [e-mail]
Tancredi Intelligent Communication UK & Europe Media Relations	[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 operations in Quebec and 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.

 

END