Argo Blockchain PLC, a global leader in cryptocurrency mining, has announced its application for the block listing of 31,406,429 ordinary shares of £0.001 each in connection with the warrant granted to the investor in the Company's recent fundraising. These Block Listing Shares are being reserved under a block listing and represent the remaining balance of the Company's exemption from the issuance of a prospectus under the Prospectus Regulation Rules. The Company also intends to apply for an additional block listing in January 2025 for the remaining 26,393,571 ordinary shares under the Warrant. The Block Listing Shares will rank pari passu with the existing issued ordinary shares of the Company.
The Admission of the Block Listing Shares is expected to become effective at 8:00 am on Friday, 16 August 2024. For further information, interested parties can contact Argo Blockchain or its Investor Relations. The Company's Corporate Broker and Joint Broker can also be reached for inquiries. Argo Blockchain is a global leader in cryptocurrency mining, and this move is part of its ongoing efforts to manage its share capital effectively.
This announcement provides insight into Argo Blockchain's strategic approach to managing its share capital and its commitment to transparency and compliance with regulatory requirements. It also demonstrates the Company's proactive stance in planning for future capital needs.