Argo Blockchain PLC Submission for Proposed Offering (8989F)
July 21 2021 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 8989F
Argo Blockchain PLC
21 July 2021
Press release
21 July 2021
Argo Blockchain PLC
("Argo" or "the Company")
Submission of Confidential Draft Registration Statement for
Proposed Offering
Argo Blockchain (LSE: ARB), a global leader in cryptocurrency
mining, announces it has previously confidentially submitted a
draft Registration Statement on Form F-1 with the United States
Securities and Exchange Commission (the "SEC") relating to a
proposed dual-listing and initial public offering (the "Proposed
Offering") of American Depositary Shares ("ADSs") representing its
ordinary shares in the United States. The number of ADSs to be
offered and the price range for the Proposed Offering have not yet
been determined. The Proposed Offering is expected to commence in
the third quarter of 2021 after the SEC completes its review
process, subject to market and other conditions.
This press release is being made pursuant to, and in accordance
with, Rule 135 under the U.S. Securities Act of 1933, as amended
(the "Securities Act"), and shall not constitute an offer to sell,
or the solicitation of an offer to buy, any securities, nor shall
there be any sale of any securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
state or jurisdiction. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act.
Forward looking Statements
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act, and Section 21E of
the U.S. Securities Exchange Act of 1934, as amended) concerning
future events. Words such as "expects," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations of
such words and similar expressions are intended to identify
forward-looking statements. Such statements include comments
regarding completion of the offering. These forward-looking
statements are based on the information available to, and the
expectations and assumptions deemed reasonable by the Company at
the time these statements were made. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable at the time made, no assurance can be given that
such expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of
assumptions and estimates, which are inherently subject to
significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
This announcement contains inside information.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
Ian MacLeod
Executive Chairman
------------------------------
finnCap Ltd
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Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
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Tennyson Securities
------------------------------
Joint Corporate Broker
Peter Krens +44 207 186 9030
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OTC Markets
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+44 204 526 4581
Jonathan Dickson
jonathan@otcmarkets.com +44 7731 815 896
------------------------------
Tancredi Intelligent Communication
UK & Europe Media Relations
------------------------------
Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
------------------------------
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 and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
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