Argo Blockchain PLC Announces PDMR Dealing

Rhea-AI Summary

Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) has announced significant insider buying activity by Jim MacCallum, the company's Interim Chief Executive Officer and Chief Financial Officer. Between January 29-30, 2025, MacCallum purchased a total of 75,000 American Depositary Receipts (ADRs) in three separate transactions:

- 25,000 ADRs at US $0.4550 per ADR
- 25,000 ADRs at US $0.4600 per ADR
- 25,000 ADRs at US $0.4700 per ADR

The aggregate weighted average price was US $0.4617 per ADR, representing a total investment of approximately US $34,627.50.

Positive

• Significant insider buying by CEO/CFO (75,000 ADRs) demonstrates management confidence
• Multiple purchases at incrementally higher prices suggests bullish sentiment

Negative

• None.

LONDON, ENGLAND / ACCESS Newswire / February 3, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) announces that between 29 and 30 January 2025, Jim MacCallum, the Company's Interim Chief Executive Officer and Chief Financial Officer, purchased American Depositary Receipts representing the Company's ordinary shares ("ADRs"):

PDMR / Person closely associated	Purchased	Weighted average price per Ordinary Share/ADR
Jim MacCallum	25,000 ADRs	US $0.4550 per ADR
Jim MacCallum	25,000 ADRs	US $0.4600 per ADR
Jim MacCallum	25,000 ADRs	US $0.4700 per ADR

This announcement contains inside information.

PDMR notification

Share Purchase

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	Jim MacCallum
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	American Depositary Receipts representing the Company's ordinary shares ("ADRs"):
	Identification Code	US0401261047
b)	Nature of the transaction	Purchase of ADRs
c)	Price(s) and volume(s)	Price(s) Volume(s) US $0.4550 per ADR US $0.4600 per ADRs US $0.4700 per ADR 25,000 ADRs 25,000 ARRs 25,000 ADRs
d)	Aggregated information: Aggregated volume Price	75,000 ADRs US $0.4617 per ADR
e)	Date of the transaction	29 and 30 January 2025
f)	Place of the Transaction	NASDAQ

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 a mining facility in Quebec, mining operations in Tennessee, 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Argo Blockchain PLC

View the original press release on ACCESS Newswire

FAQ

How many ADRs did Argo Blockchain's (ARBK) CEO purchase in January 2025?

Jim MacCallum, Argo Blockchain's Interim CEO and CFO, purchased a total of 75,000 ADRs between January 29-30, 2025.

What was the average price paid for ARBK ADRs in the insider purchase?

The weighted average price paid was US $0.4617 per ADR across three transactions.

When did the ARBK insider trading activity occur?

The insider trading activity occurred on January 29 and 30, 2025.

What is the total value of the ARBK insider purchase?

The total value of the insider purchase was approximately US $34,627.50 (75,000 ADRs at an average price of $0.4617).