TIDMARB

RNS Number : 9745B

Argo Blockchain PLC

05 February 2020

Press Release

5 February 2020

Argo Blockchain PLC

('Argo' or 'The Company')

Grant of Share Options

Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), announces that the Board has granted an award of 11,400,000 options over ordinary shares of GBP0.001 each in the Company (Ordinary Shares).

These options have been granted to the Company's management, executive and Board members as a long term incentive. These options have been granted from the pool of available options established under the Company's 2018 option plan, including lapsed options that were returned to the Company's option pool.

The options are priced at GBP0.07 per Ordinary Share, and will begin to vest three months after the date of the grant in equal monthly tranches over the next 21 months and are exercisable on or before February 4, 2030. The options were granted as follows:

 
 Director/Senior Manager    Options 
 Peter Wall                 5,700,000 
 Ian MacLeod                1,900,000 
 Inderpreet Hothi           1,662,500 
 Sebastien Chalus           1,187,500 
 Matthew Shaw               475,000 
 Timothy Le Druillenec      475,000 
                           ----------- 
 Total                      11,400,000 
                           ----------- 
 

Mike Edwards, the Company's former Executive Chairman, retains the 7,047,525 options over Ordinary Shares granted to Mr Edwards in July 2018, and which have already vested, for a period of three years from January 27, 2020. The remaining 3,281,500 unvested options lapsed on his departure, and were returned to the option pool under the Company's 2018 option plan. Details of the Company's option plan are set out in the Company's prospectus dated 30 July 2018. The options granted to Mr Edwards remain exercisable at a price of 16 pence per Ordinary Share.

Ian MacLeod, Argo's executive chairman, stated that: "The grant of these options aligns the interests of the Board and senior management with those of the Company's shareholders and incentivises increased profitability and the generation of long term shareholder value."

PDMR Notification

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            Peter Wall 
                                       Ian MacLeod 
                                       Inderpreet Hothi 
                                       Sebastien Chalus 
                                       Matthew Shaw 
                                       Timothy Le Druillenec 
     ------------------------------  -------------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                 Directors and PDMRs of the Company 
     ------------------------------  -------------------------------------------- 
 b)   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  -------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                            Argo Blockchain PLC 
     ------------------------------  -------------------------------------------- 
 b)   LEI                             213800WPCCYSDYY26J54 
     ------------------------------  -------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------------- 
 a)   Description of the              Options over Ordinary shares 
       Financial instrument, 
       type of instrument 
      Identification Code             GB00BZ15CS02 
     ------------------------------  -------------------------------------------- 
 b)   Nature of the transaction       Grant of options over ordinary 
                                       shares 
     ------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)           Optionholder    Price      No. of options 
                                                                    over ordinary 
                                                                    shares 
                                        Peter Wall      GBP0.07    5,700,000 
                                                       ---------  --------------- 
                                        Ian MacLeod     GBP0.07    1,900,000 
                                                       ---------  --------------- 
                                        Inderpreet 
                                         Hothi          GBP0.07    1,662,500 
                                                       ---------  --------------- 
                                        Sebastien 
                                         Chalus         GBP0.07    1,187,500 
                                                       ---------  --------------- 
                                        Matthew Shaw    GBP0.07    475,000 
                                                       ---------  --------------- 
                                        Timothy Le 
                                         Druillenec     GBP0.07    475,000 
                                                       ---------  --------------- 
     ------------------------------  -------------------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume     11,400,000 Options over Ordinary 
                                        Shares 
                                        GBP0.07 per Ordinary Share 
             *    Price 
     ------------------------------  -------------------------------------------- 
 e)   Date of the transaction         February 5, 2020 
     ------------------------------  -------------------------------------------- 
 f)   Place of the Transaction        Not on a trading venue 
     ------------------------------  -------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            Matthew Shaw 
     ------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                 Director 
     ------------------------------  -------------------------------------- 
 b)   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  -------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                            Argo Blockchain PLC 
     ------------------------------  -------------------------------------- 
 b)   LEI                             213800WPCCYSDYY26J54 
     ------------------------------  -------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the              Options over Ordinary shares 
       Financial instrument, 
       type of instrument 
      Identification Code             GB00BZ15CS02 
     ------------------------------  -------------------------------------- 
 b)   Nature of the transaction       Grant of Options over Ordinary 
                                       Shares 
     ------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)          Volume(s) 
                                        16 pence per      1,000,000 Options 
                                         Ordinary Share    over Ordinary 
                                                           Shares 
                                                         ------------------ 
     ------------------------------  -------------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume     1m Options over Ordinary Shares 
                                        GBP0.16 per Ordinary Share 
 
             *    Price 
     ------------------------------  -------------------------------------- 
 e)   Date of the transaction         28 August 2019 
     ------------------------------  -------------------------------------- 
 f)   Place of the Transaction        Not on a trading venue 
     ------------------------------  -------------------------------------- 
 

This announcement contains inside information.

For further information please contact:

 
 Argo Blockchain 
 Peter Wall                       via Tancredi +44 203 434 
  Chief Executive                  2334 
  Neil Thapar 
  Financial Communications         +44 7876 455323 
  Adviser 
                                 ------------------------- 
 Mirabaud 
                                 ------------------------- 
 Corporate Broker 
  Peter Krens                     +44 203 167 7221 
                                 ------------------------- 
 Tancredi Communication 
  Media Relations 
                                 ------------------------- 
 Salamander Davoudi 
  salamander@tancredigroup.com    +44 7957 549 906 
 
  Emma Valgimigli 
  emma@tancredigroup.com           +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.

https://argoblockchain.com/

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 05, 2020 02:00 ET (07:00 GMT)

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