Argo Blockchain PLC Launch of Initial Public Offering (6375L)
September 14 2021 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 6375L
Argo Blockchain PLC
14 September 2021
Press release
14 September 2021
Argo Blockchain PLC
("Argo" or "the Company")
Launch of Initial Public Offering
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce that it has commenced an initial
public offering of 7,500,000 American Depositary Shares ("ADSs"),
representing an aggregate of 75,000,000 ordinary shares. Each ADS
represents 10 ordinary shares of Argo Blockchain. The last closing
price of Argo Blockchain's ordinary shares on the London Stock
Exchange Main Market was GBP1.334 on September 10, 2021. The ADSs
are being offered in a registered public offering in the United
States (the "Offering"). Argo Blockchain has applied to list the
ADSs on the Nasdaq Global Market under the ticker symbol
"ARBK."
Jefferies and Barclays are acting as joint book-running managers
for the Offering. Canaccord Genuity and Stifel GMP are acting as
co-lead managers for the Offering. Compass Point, D.A. Davidson
& Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd,
and Tennyson Securities are acting as co-managers for the Offering.
The Offering is being made only by means of a prospectus filed with
the U.S. Securities and Exchange Commission (the "SEC"). When
available, copies of the preliminary prospectus relating to and
describing the terms of the proposed Offering may be obtained from
Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at
(877) 821-7388 or by email at Prospectus_Department@Jefferies.com ;
or from Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, telephone:
1-888-603-5847, or by emailing
barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities law of any such
state or jurisdiction. The offering is subject to market
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering.
This announcement contains inside information.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
------------------------------
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 +44 204 526 4581
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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