UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2024
Commission File Number: 001-40816
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Argo Blockchain plc
(Translation of registrant’s name into English)
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Eastcastle House
27/28 Eastcastle Street
London W1W 8DH
England
(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or 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 Vesting of PSU Award PDMR Dealing dated 29 November 2024 |
Press Release
29 November 2024
Argo Blockchain plc
("Argo" or "the Company")
Vesting of PSU Award
PDMR Dealing
Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, announces the vesting of Performance Share Units in respect of 2,375,000 Ordinary Shares of £0.001 ("Ordinary Shares") each on 27 November 2024. These shares were issued as part of Performance Share Unit awards previously granted to Thomas Chippas under the Company's 2022 Equity Incentive Plan.
Following this vesting, Thomas Chippas, Chief Executive Officer, will own a total of 2,375,000 Ordinary Shares representing approximately 0.37% of the Company's issued share capital. Following vesting, the Company will have a total of 640,350,353 Ordinary Shares in issue. The above figure may be used by the Company's shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interest in, or a change of their interest in, the Company under the FCA Disclosure Guidance and Transparency Rules.
This announcement contains inside information.
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 | Thomas Chippas |
| 2. | Reason for the Notification |
| a) | Position/status | PDMR |
| b) | Initial notification / Amendment | Initial notification |
| 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 Financial instrument, type of instrument Identification Code
| Performance Share Units
|
| b) | Nature of the transaction | Vesting of Performance Share Units |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| PSUs - N/A | 2,375,000 Ordinary Shares |
d) | Aggregated information: Aggregated volume Price | N/A
|
| e) | Date of the transaction | 27 November 2024 |
f)
| Place of the Transaction | Not on a trading venue |
For further information please contact:
| Argo Blockchain | |
| Investor Relations | ir@argoblockchain.com |
| Tennyson Securities | |
Corporate Broker Peter Krens | +44 207 186 9030 |
| Fortified Securities | |
Joint Broker Guy Wheatley, CFA | +44 74930989014 guy.wheatley@fortifiedsecurities.com |
Tancredi Intelligent Communication UK & Europe Media Relations | argoblock@tancredigroup.com |
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations 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. 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: 29 November, 2024 | ARGO BLOCKCHAIN PLC By: /s/ Jim MacCallum Name: Jim MacCallum Title: Chief Financial Officer |
