Argo Blockchain PLC Trading Commences on the OTCQB Market in the US (4719L)
January 13 2021 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 4719L
Argo Blockchain PLC
13 January 2021
Press Release
13 January 2021
Argo Blockchain PLC
('Argo' or 'The Company')
Trading Commences on the OTCQB Venture Market in the United
States
Argo Blockchain (LSE: ARB), the leading cryptocurrency miner
based in the UK, is pleased to announce that it has received
approval from the OTC Market Group Inc. to commence trading on the
OTCQB Venture Market under the ticker symbol "ARBKF" at the opening
of the trading day on 13 January 2021. Argo's shares will continue
to trade on the London Stock Exchange.
The OTCQB offers transparent trading in entrepreneurial and
development stage companies that have met a minimum bid price test,
are current in their financial reporting and have undergone an
annual verification and management certification process.
Trading on the US OTC market has 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.
Peter Wall, Chief Executive of Argo Blockchain, said: "Argo is
delighted to begin trading on the OTCQB Venture Market. The
cross-trading of the ordinary shares from London will provide the
Company with increased access to US institutional and retail
investors and a broader shareholder base. US investors will now
have the opportunity to share in the Company's growth as the
cryptocurrency market gains momentum. US investors can find
real-time quotes and market information for Argo at
www.otcmarkets.com and access current company news and
developments."
Jonathan Dickson, VP of International Corporate Services at OTC
Markets, said: "We are delighted to welcome Argo Blockchain plc to
the OTCQB Market. The OTC Market supports international companies
seeking to strengthen visibility and transparency in the US public
market. Trading on the London Stock Exchange and on the OTCQB
Market will enable Argo to efficiently build global investor
awareness and provide US investors with a seamless trading
facility, enabling them to more easily trade through the broker of
their choice."
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 / Kate Washington Tel: +44 20 7220 0500
(Corporate Finance)
Sunila de Silva (Corporate Broking)
------------------------------------
OTC Markets
Jonathan Dickson Tel: +44 20 4526 4581
jonathan@otcmarkets.com Tel: +44 7731815896
------------------------------------
Media Relations - Tancredi Intelligent Communications
Salamander Davoudi Tel: +44 7957 549 906
salamander@tancredigroup.com
Emma Valgimigli Tel: +44 7727 180 873
emma@tancredigroup.com
------------------------------------
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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