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Argo Blockchain plc announced on 1 July 2025 the results of its adjourned Annual General Meeting. At the meeting, Resolutions 1-10 were passed as ordinary resolutions and Resolution 13 was passed as a special resolution. Resolutions 11 and 12, concerning the general and additional authority to disapply pre-emption rights, did not receive the necessary majority of votes.
| Date | 1 Jul 2025 |
| Time | 17:26:19 |
| Category | AGMs and other meetings |
| ID | 2957P |
Press Release
1 July 2025
Argo Blockchain plc
("Argo" or "the Company")
Results of Adjourned Annual General Meeting
Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announces the results of the Company's adjourned annual general meeting held on Tuesday 1 July 2025.
A poll was held on each of the resolutions in which Resolutions 1 - 10 (inclusive) were passed as ordinary resolutions and resolution 13 was passed as a special resolution. 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 |
27,524,115 |
96.20 |
1,087,978 |
3.80 |
28,612,093 |
3.97% |
552,823 |
|
|
2. |
To approve the Directors' Remuneration Report |
25,873,655 |
90.47 |
2,725,250 |
9.53 |
28,598,905 |
3.97% |
566,011 |
|
|
3. |
To approve the Directors' Remuneration Policy |
18,482,368 |
64.66 |
10,103,188 |
35.34 |
28,585,556 |
3.97% |
579,360 |
|
|
4. |
To appoint Justin Nolan as a Director of the Company |
23,871,907 |
83.72 |
4,642,442 |
16.28 |
28,514,349 |
3.96% |
650,567 |
|
|
5. |
To reappoint Maria Perrella as a Director of the Company |
17,836,895 |
63.32 |
10,333,642 |
36.68 |
28,170,537 |
3.91% |
994,379 |
|
|
6. |
To reappoint Raghav Chopra as a Director of the Company |
18,898,132 |
67.21 |
9,221,987 |
32.79 |
28,120,119 |
3.90% |
1,044,797 |
|
|
7. |
To re-appoint PKF Littlejohn as auditors of the Company |
26,977,193 |
95.11 |
1,387,147 |
4.89 |
28,364,340 |
3.94% |
800,576 |
|
|
8. |
To authorise the directors to fix the auditor's remuneration |
27,059,914 |
94.94 |
1,443,064 |
5.06 |
28,502,978 |
3.96% |
661,938 |
|
|
9. |
Authority to allot shares |
16,278,666 |
58.53 |
11,533,202 |
41.47 |
27,811,868 |
3.86% |
1,353,048 |
|
|
10. |
Authority to allot further shares |
16,081,770 |
58.02 |
11,634,287 |
41.98 |
27,716,057 |
3.85% |
1,448,859 |
|
|
Special Resolutions |
|||||||||
|
11. |
General authority to disapply pre-emption rights |
17,624,264 |
62.75 |
10,463,204 |
37.25 |
28,087,468 |
3.90% |
1,077,448 |
|
|
12. |
Additional authority to disapply pre-emption rights |
17,157,093 |
61.44 |
10,770,009 |
38.56 |
27,927,102 |
3.88% |
1,237,814 |
|
|
13. |
Notice of general meetings |
26,557,682 |
92.71 |
2,086,975 |
7.29 |
28,644,657 |
3.98% |
520,259 |
|
While most of the proposed resolutions were passed, we note that resolutions 11 and 12 did not receive the necessary majority. The Company also notes the votes against resolutions 3, 5, 6, 9 and 10. 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 |
|
|
Tennyson Securities |
|
|
Corporate Broker Peter Krens |
+44 207 186 9030 |
|
Fortified Securities |
|
|
Joint Broker Guy Wheatley, CFA |
+44 7493 989014 guy.wheatley@fortifiedsecurities.com |
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.