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Argo Blockchain PLC (ARB)

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Wednesday 17 November, 2021

Argo Blockchain PLC

Director's Dealings

RNS Number : 7424S
Argo Blockchain PLC
17 November 2021
 

Press Release

 

17 November 2021

 

Argo Blockchain PLC

('Argo' or 'The Company') 

 

Director's Dealings

    

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), today announces  that on 16 November 2021, Peter Wall, Chief Executive Officer of Argo, and Alex Gow, a person closely associated with Sarah Gow, a non-executive director of Argo, purchased the following American Depositary Receipts (ADRs) representing 10 ordinary shares of £0.001 each in the capital of the Company (Ordinary Shares) and Ordinary Shares respectively.

 

PDMR / Person closely associated

Ordinary Shares / ADRs purchased1

Weighted average price

Resultant Shareholding of Ordinary Shares

Percentage of the total voting rights of the Company

Peter Wall

7,100 ADRs representing 71,000 Ordinary Shares

$19.132 per ADR

1,116,000

0.24%

Alex Gow1

 

40,000 Ordinary Shares

£1.32 per Ordinary Share

815,0002

0.17%2

 

Notes:

 

1 - Person closely associated with Sarah Gow, a director of the Company

2 -The total interests of Sarah Gow and persons closely associated with her in the Company's share capital are 2,740,000 Ordinary Shares representing 0.59% of the total voting rights of the Company.

 

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

 

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

2.

Reason for the Notification

a)

Position/status

PDMR

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

American Depositary Receipts

 

Identification Code

US0401261047

b)

Nature of the transaction

Purchase of American Depositary Receipts

c)

Price(s) and volume(s)

Price(s)

Volume(s)

US$ 19.132 per ADR

7,100 ADRs

 

d)

Aggregated information:

 Aggregated volume

· Price

 

7,100 ADRs

US$ 19.132 per ADR

e)

Date of the transaction

16 November 2021

f)

Place of the Transaction

Nasdaq

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Gow

2.

Reason for the Notification

a)

Position/status

Person closely associated with Sarah Gow, a director 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

Ordinary shares

 

Identification Code

GB00BZ15CS02

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

132 pence per Ordinary Share

40,000 Ordinary Shares

 

d)

Aggregated information:

 Aggregated volume

· Price

 

40,000 Ordinary Shares

132 pence per Ordinary Share

e)

Date of the transaction

16 November 2021

f)

Place of the Transaction

London Stock Exchange

 

This announcement contains inside information.

 

For further information please contact:

Argo Blockchain

 

Peter Wall

Chief Executive

via Tancredi +44 203 434 2334

 

finnCap Ltd

 

Corporate Finance

Jonny Franklin-Adams

Tim Harper 

Joint Corporate Broker

Sunila de Silva  

+44 207 220 0500

 

 

 

Tennyson Securities

 

Joint Corporate Broker

Peter Krens

+44 207 186 9030

OTC Markets

 

Jonathan Dickson

[email protected]

+44 204 526 4581

+44 7731 815 896

Tancredi Intelligent Communication

UK & Europe Media Relations

 

Emma Valgimigli

Emma Hodges

Salamander Davoudi

[email protected]

 

+44 7727 180 873

+44 7861 995 628

+44 7957 549 906

 

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 Nasdaq Global Select Market in the United States under the ticker: ARBK.

 

 

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