Argo Blockchain PLC Exercise of Options and Warrants (9741K)
January 07 2021 - 9:57AM
UK Regulatory
TIDMARB
RNS Number : 9741K
Argo Blockchain PLC
07 January 2021
7 January 2021
Argo Blockchain PLC
('Argo' or 'The Company')
Exercise of Options and Warrants
Argo, the leading cryptocurrency miner based in the UK LSE:
ARB), announces that it has received a notice of exercise of
certain options ("Options") and notice of exercise of certain
warrants ("Warrants") over ordinary shares of GBP0.001 each in the
capital of the Company ("Ordinary Shares"). The exercise notices
relates to Options and Warrants granted in connection with the
Company's admission to the Official List and to trading on the Main
Market.
As a result of the exercise of the Options, the Company has
issued in aggregate 4,500,000 new Ordinary Shares to the holders of
the Options. The new Ordinary Shares were issued at the exercise
price of GBP0.16 per share. The aggregate gross proceeds to the
Company from this option exercise is GBP720,000.
As a result of the exercise of the Warrants, the Company has
issued in aggregate 4,109,528 new Ordinary Shares to the holders of
the Warrants. 1,804,195 new Ordinary Shares were issued at the
exercise price of GBP0.16 per share and 2,305,333 new Ordinary
shares were issued at the exercise price of GBP0.08 per share. The
aggregate gross proceeds to the Company from this warrant exercise
is GBP473,298.
Application will be made for the new Ordinary Shares to be
admitted to the standard segment of the Official List and to
trading on the Main Market of the London Stock Exchange. Admission
is expected to occur at 8:00 a.m. on 11 January 2021. The new
Ordinary Shares will rank pari passu with the existing Ordinary
Shares of the Company.
Following Admission, the total number of Ordinary Shares in
issue will be 317,650,525 and the total number of voting rights
will therefore be 317,650,525. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information please contact:
Argo Blockchain
Peter Wall, Chief Executive via Tancredi Tel: +44 203 434 2334
Ian MacLeod, Executive
Chairman
------------------------------------
Corporate Broker - finnCap Ltd
Jonny Franklin-Adams Tel: +44 20 7220 0500
Kate Washington
(Corporate Finance)
Richard Chambers (Corporate
Broking)
------------------------------------
Media Relations - Tancredi Intelligent Communications
Salamander Davoudi salamander@tancredigroup.com
Tel: +44 7957 549 906
Emma Valgimigli emma@tancredigroup.com
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.
argoblockchain.com
See Argo's largest facility in Quebec:
https://youtu.be/LDWWaZ75Zbk
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END
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