REG - Argo Blockchain PLC - Result of Annual General Meeting

Argo BlockchainAnnouncement

07/06/2024 07:00

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RNS Number : 5004R  Argo Blockchain PLC  07 June 2024

Press release

7 June 2024

 

Argo Blockchain plc

('Argo' or 'the Company')

Result of Annual General Meeting

Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader in
cryptocurrency mining announces the results of the Company's annual general
meeting held on Thursday, 6 June 2024.

A poll was held on each of the resolutions in which Resolutions 1, 4, 5, 6,
and 7 (inclusive) were passed as ordinary resolutions and resolutions 9, 10
and 12 (inclusive) were passed as special resolutions. The results of the poll
were as follows:

 Resolutions                                                                For                  Against             Total Votes  % of ISC Voted  Votes Withheld
         Votes                                                              %            Votes   %
 Ordinary Resolutions
 1.      To receive the Annual Report and Accounts                          24,258,680   51.15%  23,165,756  48.85%  47,424,436   8.20%           582,052

 2.      To approve the Directors' Remuneration Report                      14,039,146   29.62%  33,351,508  70.38%  47,390,654   8.19%           615,834
 3.      To approve the Directors' Remuneration Policy                      11,624,065   24.59%  35,643,827  75.41%  47,267,892   8.17%           738,596
 4.      To re-appoint Thomas Chippas as a Director of the Company          41,833,621   88.56%  5,404,579   11.44%  47,238,200   8.17%           768,288
 5.      To re-appoint PKF Littlejohn as auditors of the Company            44,413,478   93.86%  2,903,114   6.14%   47,316,592   8.18%           689,896
 6.      To authorise the directors to fix the auditor's                    44, 056,590  92.90%  3,368,560   7.10%   47,425,150   8.20%           581,338

         remuneration
 7.      Authority to allot shares                                          43,068,658   90.93%  4,296,013   9.07%   47,364,671   8.19%           641,817
 8.      Authority to allot further shares                                  12,845,500   27.12%  34,527,280  72.88%  47,372,780   8.19%           633,708
 Special Resolutions
 9.      General authority to disapply pre-emption rights                   42,925,954   91.11%  4,187,829   8.89%   47,113,783   8.15%           892,705
 10.     Additional authority to disapply pre-emption rights                43,006,818   91.29%  4,103,704   8.71%   47,110,522   8.15%           895,966
 11.     Additional/Further authority to disapply pre-emption rights        12,545,007   26.61%  34,607,096  73.39%  47,152,103   8.15%           854,385
 12.     Notice of general meetings                                         43,874,225   92.62%  3,497,095   7.38%   47,371,320   8.19%           635,168

While most of the proposed resolutions were passed, we note that resolutions
2, 3, 8 and 11 did not receive the necessary majority. The Company also notes
the votes against resolution 1. In compliance with the QCA Code, the Company
has recognised the adverse votes and will consider and reflect on the votes
cast and update the market in due course.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 74930989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
                                     (mailto:guy.wheatley@fortifiedsecurities.com)
 Tancredi Intelligent Communication  argoblock@tancredigroup.com (mailto:argoblock@tancredigroup.com)

 UK & Europe Media Relations

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With mining
operations in Quebec and 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 (http://www.argoblockchain.com/) .

 

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