Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
June 09 2022 - 6:22AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 6-K
_____________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2022
Commission File Number: 001-40816
_____________________
Argo Blockchain plc
(Translation of registrant’s name into English)
_____________________
9th Floor
16 Great Queen Street
London WC2B 5DG
England
(Address of principal executive office)
_____________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒
Form
40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
Exhibit No.
1
|
Description
Allotment
of New Shares dated 9 June 2022
|
9 June 2022
Argo Blockchain PLC
("Argo" or "the Company")
Allotment of New Shares
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:
ARB; NASDAQ: ARBK), announces the allotment of 8,147,831 new Ordinary Shares in
connection with the Company's acquisition of DPN
LLC.
In March 2021, the Company acquired DPN LLC along with the land
held by DPN LLC for Helios, its flagship Bitcoin mining facility in
Dickens County, Texas. The merger agreement with DPN LLC and the
DPN LLC members (the "Agreement") contains certain milestones which
trigger deferred consideration to be satisfied by the allotment of
further ordinary shares of £0.001 each in the Company
("Ordinary Shares") to the DPN LLC members. Certain of the
milestones have now been met and the Company is obliged to issue
8,147,831 new Ordinary Shares to the members of DPN LLC,
credited as fully paid at a price per share of £0.4950.
No further Ordinary Shares are owed to the DPN LLC members under
the terms of the Agreement as the remaining milestones have not
been met.
Application will be made for the 8,147,831 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 Monday, 13 June 2022. 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 477,825,166 and
the total number of voting rights will therefore
be 477,825,166.
This figure may be used by shareholders of the Company 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.
Inside Information
This announcement contains inside information.
For further information please contact:
Argo
Blockchain
|
|
Peter
Wall
Chief
Executive
|
via Tancredi +44 203 434 2334
|
finnCap Ltd
|
|
Corporate
Finance
Jonny Franklin-Adams
Tim Harper
Joint
Corporate Broker
Sunila
de Silva
|
+44
207 220 0500
|
Tennyson Securities
|
|
Joint
Corporate Broker
Peter Krens
|
+44
207 186 9030
|
OTC Markets
|
|
Jonathan
Dickson
jonathan@otcmarkets.com
|
+44
204 526 4581
+44
7731 815 896
|
Tancredi Intelligent Communication
UK
& Europe Media Relations
|
|
Emma Valgimigli
Fabio Galloni-Roversi Monaco
Nasser Al-Sayed
argoblock@tancredigroup.com
|
+44 7727 180 873
+44 7888 672 701
+44 7915 033 739
|
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK)
blockchain technology company focused on large-scale cryptocurrency
mining. With its flagship mining facility in Texas, and offices in
the US, Canada, and the UK, Argo's global, sustainable operations
are predominantly powered by renewable energy. In 2021, Argo became
the first climate positive cryptocurrency mining company, and a
signatory to the Crypto Climate Accord. Argo also participates in
several Web 3.0, DeFi and GameFi projects through its Argo Labs
division, further contributing to its business operations, as well
as the development of the cryptocurrency markets. For more
information, visit www.argoblockchain.com.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: 9
June 2022
|
ARGO BLOCKCHAIN PLC
By:
Name:
Peter Wall
Title:
Chief Executive Officer
Name:
David Zapffe
Title:
General Counsel
|
Argo Blockchain (PK) (USOTC:ARBKF)
Historical Stock Chart
From Aug 2024 to Sep 2024
Argo Blockchain (PK) (USOTC:ARBKF)
Historical Stock Chart
From Sep 2023 to Sep 2024