Argo Blockchain PLC Grant of Share Options (9745B)
05 Febbraio 2020 - 08:00AM
UK Regulatory
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
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END
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