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Argo Blockchain PLC Announces Vesting of PSU Award PDMR Dealing

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Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) announced the vesting of Performance Share Units (PSUs) for 2,375,000 Ordinary Shares to CEO Thomas Chippas under the Company's 2022 Equity Incentive Plan. Following this vesting on November 27, 2024, Chippas will own approximately 0.37% of the company's issued share capital. The company's total Ordinary Shares in issue will be 640,350,353, which shareholders can use as the denominator for calculating their interest notifications under FCA Disclosure Guidelines.

Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) ha annunciato l'assegnazione di Performance Share Units (PSUs) per 2.375.000 Azioni Ordinarie al CEO Thomas Chippas nell'ambito del Piano di Incentivi Azionari 2022 dell'azienda. Dopo questa assegnazione, prevista per il 27 novembre 2024, Chippas possiederà circa lo 0,37% del capitale sociale emesso dall'azienda. Il totale delle Azioni Ordinarie emesse dall'azienda sarà di 640.350.353, che gli azionisti possono utilizzare come denominatore per calcolare le loro notifiche di interesse secondo le Linee Guida sulla Trasparenza dell'FCA.

Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) anunció la otorgación de Unidades de Acciones por Desempeño (PSUs) para 2.375.000 Acciones Ordinarias al CEO Thomas Chippas bajo el Plan de Incentivos de Capital 2022 de la compañía. Tras esta otorgación el 27 de noviembre de 2024, Chippas poseerá aproximadamente el 0,37% del capital social emitido de la empresa. El total de Acciones Ordinarias emitidas por la compañía será de 640.350.353, las cuales los accionistas pueden usar como denominador para calcular sus notificaciones de interés bajo las Directrices de Divulgación de la FCA.

아르고 블록체인 (LSE:ARB)(NASDAQ:ARBK)는 CEO 토마스 치파스에게 2022년 주식 인센티브 계획에 따라 2,375,000개의 보통주에 대한 성과 주식 단위(PSUs)의 부여를 발표했습니다. 이 부여는 2024년 11월 27일에 이루어질 예정이며, 치파스는 회사의 발행 주식 자본의 약 0.37%를 소유하게 됩니다. 회사의 총 발행 보통주는 640,350,353주로, 주주들은 FCA 공시 지침에 따라 자신의 이해 관계 통지를 계산하기 위한 분모로 사용할 수 있습니다.

Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) a annoncé l'attribution d'Unités d'Actions de Performance (PSUs) pour 2.375.000 Actions Ordinaires au PDG Thomas Chippas dans le cadre du Plan d'Incentives en Actions 2022 de l'entreprise. Suite à cette attribution prévue le 27 novembre 2024, Chippas détiendra environ 0,37 % du capital social émis de l'entreprise. Le total des Actions Ordinaires émises par l'entreprise sera de 640.350.353, que les actionnaires peuvent utiliser comme dénominateur pour calculer leurs notifications d'intérêt conformément aux Directives de Divulgation de la FCA.

Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) hat die Zuteilung von Performance Share Units (PSUs) für 2.375.000 Stammaktien an CEO Thomas Chippas im Rahmen des Eigenkapital-Anreizplans 2022 des Unternehmens bekannt gegeben. Nach dieser Zuteilung am 27. November 2024 wird Chippas etwa 0,37 % des ausgegebenen Aktienkapitals des Unternehmens besitzen. Die Gesamtzahl der ausgegebenen Stammaktien des Unternehmens beträgt 640.350.353, die von den Aktionären als Nenner zur Berechnung ihrer Interessenbenachrichtigungen gemäß den Offenlegungsrichtlinien der FCA verwendet werden kann.

Positive
  • None.
Negative
  • Share dilution through PSU vesting of 2,375,000 new shares

LONDON, ENGLAND / ACCESSWIRE / November 29, 2024 / 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

Performance Share Units

Identification Code

GB00BZ15CS02

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.

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 accesswire.com

FAQ

How many Performance Share Units (PSUs) vested for Argo Blockchain (ARBK) CEO in November 2024?

2,375,000 Performance Share Units (PSUs) vested for Argo Blockchain CEO Thomas Chippas on November 27, 2024.

What percentage of Argo Blockchain (ARBK) shares will CEO Thomas Chippas own after the PSU vesting?

Following the PSU vesting, CEO Thomas Chippas will own approximately 0.37% of Argo Blockchain's issued share capital.

What is the total number of Ordinary Shares in issue for Argo Blockchain (ARBK) after the November 2024 PSU vesting?

After the PSU vesting, Argo Blockchain will have a total of 640,350,353 Ordinary Shares in issue.

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