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Argo Announces Publication of Prospectus

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Argo Blockchain has published a prospectus approved by the Financial Conduct Authority concerning its initial public offering (IPO) of American Depositary Shares in the U.S. The IPO follows a previous announcement made on September 14, 2021. Copies of the prospectus will be available at the National Storage Mechanism and on Argo's website. Jefferies and Barclays are the joint book-running managers for the IPO. The registration statement for these securities became effective on September 22, 2021. This release does not constitute an offer or solicitation for the sale of these securities.

Positive
  • Prospectus publication approved by the Financial Conduct Authority
  • Joint book-running managers are credible firms (Jefferies and Barclays)
  • Availability of prospectus increases transparency for investors
Negative
  • None.

LONDON--(BUSINESS WIRE)-- Further to the announcement made by Argo on September 14, 2021 relating to its initial public offering of American Depositary Shares in the United States the Company has published a prospectus in respect of the underlying ordinary shares of £0.001 each ("Prospectus") which has been approved by the Financial Conduct Authority.

A copy of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Prospectus is also available for inspection on the Company's website: https://argoblockchain.com/investors/#Reports_and_Shareholder_documents_section

Jefferies and Barclays are acting as joint book-running managers for the initial public offering. The initial public offering is being made only by means of a prospectus filed with the U.S. Securities and Exchange Commission. When available, copies of the prospectus relating to and describing the terms of the proposed initial public offering may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847, or by emailing barclaysprospectus@broadridge.com.

A registration statement relating to these securities has been filed with the SEC and became effective on 22 September 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

The defined terms set out in the Prospectus apply in this announcement.

About Argo

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.

Carissa Felger/Genevieve Pirrong

Gasthalter & Co.

(212) 257-4170

Source: Argo Blockchain Plc

FAQ

What is Argo Blockchain's recent IPO announcement?

Argo Blockchain has announced its initial public offering of American Depositary Shares in the U.S. and published an approved prospectus.

When did Argo Blockchain's registration statement for the IPO become effective?

The registration statement for Argo Blockchain's IPO became effective on September 22, 2021.

Who are the joint book-running managers for Argo Blockchain's IPO?

Jefferies and Barclays are acting as the joint book-running managers for Argo Blockchain's IPO.

Where can I access the prospectus for Argo Blockchain's IPO?

The prospectus for Argo Blockchain's IPO is available at the National Storage Mechanism and on Argo's official website.

What are the ticker symbols for Argo Blockchain shares?

Argo Blockchain's shares are listed under the ticker symbols ARB on the London Stock Exchange and ARBKF on the OTCQX Best Market.

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