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On 15 August 2024, Argo Blockchain plc applied to the Financial Conduct Authority and London Stock Exchange for the block listing of 31,406,429 ordinary shares of £0.001 each. These shares are connected to a warrant granted to an investor in the company's 30 July 2024 fundraising, with admission expected on 16 August 2024 at 8:00 am. Argo Blockchain plc also intends to apply for an additional block listing of 26,393,571 ordinary shares under the warrant in January 2025.
| Date | 15 Aug 2024 |
| Time | 07:00:10 |
| Category | Capital structure |
| ID | 5042A |
Press Release
15 August 2024
Argo Blockchain plc
("Argo" or "the Company")
Block Listing Application
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), announces that, in connection with the warrant granted to the investor in the Company's fundraising announced on 30 July 2024 ("Warrant"), applications have been made to the Financial Conduct Authority and London Stock Exchange for the block listing of 31,406,429 ordinary shares of £0.001 each in the capital of the Company ("Block Listing Shares") to be admitted to the Official List and to trading on the London Stock Exchange's Main Market ("Admission").
The Block Listing Shares are being reserved under a block listing. The Block Listing Shares represent the remaining balance of the Company's exemption from the issuance of a prospectus under the Prospectus Regulation Rules. The Company intends to make an application for an additional block listing in respect of the remaining 26,393,571 ordinary shares under the Warrant in January 2025, when further headroom becomes available. When issued, the Block Listing Shares will rank pari passu with the existing issued ordinary shares of the Company.
Admission is expected to become effective at 8:00 am on Friday 16 August 2024.
For further information please contact:
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Argo Blockchain |
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Investor Relations |
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Tennyson Securities |
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Corporate Broker Peter Krens |
+44 207 186 9030 |
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Fortified Securities |
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Joint Broker Guy Wheatley, CFA |
+44 74930989014 |
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Tancredi Intelligent Communication UK & Europe Media Relations |
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.