- Title:
Application to the OTCQB Venture Market in the US - Time:
10:15:10 - Date:
29 Dec 2020 - Category:
Capital structure - ID:
9971J
29 December 2020
Argo Blockchain PLC
('Argo' or 'The Company')
Application to trade on the OTCQB Venture Market in the United States
Argo (LSE: ARB), the leading cryptocurrency miner based in the UK, is pleased to announce that it has filed an application with FINRA, the Financial Industry Regulatory Authority, for the Company's shares to be cross-traded publicly on the US OTCQB Venture Market ("OTCQB"), under the ticker ARBKF, which would make Argo's shares more widely available to North American investors.
Trading on the US OTC market would have no impact on existing Argo ordinary shares trading on the Main Market of the London Stock Exchange and no new ordinary shares will be issued as part of the cross-trade. Argo will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
Should the application be successful, the cross-trading facility will be provided through OTC Markets Group Inc., located in New York. OTC Markets operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Independent studies show that trading on the OTC by an international company offers a positive effect on the liquidity of its shares.
Peter Wall, Chief Executive of Argo Blockchain, said: "We want to make Argo available to US markets in order to gain access to a broader investor base and enhance our visibility in North America. We are already trading on OTCPK and we anticipate a full OTC listing with wider investor reach in the coming days."
For further information please contact:
| Argo Blockchain |
|
| Peter Wall, Chief Executive Ian MacLeod, Executive Chairman |
via Tancredi Tel: +44 203 434 2334
|
| Corporate Broker - finnCap Ltd |
|
| Jonny Franklin-Adams / Kate Washington (Corporate Finance) Richard Chambers (Corporate Broking) |
Tel: +44 20 7220 0500
|
| Media Relations - Tancredi Intelligent Communications |
|
| Salamander Davoudi
Emma Valgimigli |
Tel: +44 7957 549 906 Tel: +44 7727 180 873 |
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.
See Argo's largest facility in Quebec:
Application to the OTCQB Venture Market in the US10:15:1029 Dec 2020Capital structure9971J