UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 6-K
_____________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2023
Commission File Number: 001-40816
_____________________
Argo Blockchain plc
(Translation of registrant’s name into English)
_____________________
Eastcastle House
27/28 Eastcastle Street
London W1W 8DH
England
(Address of principal executive office)
_____________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒
Form
40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
Exhibit
No.
1
|
Description
Grant
of Equity Awards and PDMR Notifications dated 24 March
2023
|
Press Release
24 March 2023
Argo Blockchain plc
("Argo" or "the Company")
Grant
of Equity Awards and PDMR Notifications
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:
ARB; NASDAQ: ARBK), announces
that is has granted
Restricted Share Units ("RSUs"), Performance Share Units ("PSUs"),
and share options ("Share Options") under the 2022 Equity Incentive
Plan (the "Plan") approved by shareholders at the Company's 2022
Annual General Meeting.
Grant of Equity Awards
On 22 March 2023, the Company granted 1,973,892 PSUs and 658,623
Share Options to Seif El-Bakly, the Company's interim Chief
Executive Officer. In accordance with
the Company's remuneration policy, which applies to the Company's
CEO, the PSUs and Share Options both contain performance conditions
relevant to Mr. El-Bakly's role. The PSUs and Share
Options vest over a three-year period, with first vesting
occurring twelve months from the date of grant (at which point
12/36ths
vest) and, thereafter the PSUs and Share Options vest at a rate of
3/36th per
quarter for the remainder of the vesting period subject to the
continued employment of Mr. El-Bakly and satisfaction of the
performance conditions by
Mr. El-Bakly.
On 9 March 2023, the Company granted 6,839,980 RSUs in aggregate to
the rest of the 38 employees in order to align incentives
across the full team. The RSUs vest over a
three-year period, with first vesting occurring six months from the
date of grant (at which point 6/36ths
vest) and, thereafter, the RSUs vest at a rate of
3/36th per
quarter for the remainder of the vesting period subject to the continued
employment of the grantee.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
PDMR Notifications
Grant of PSUs and Options
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
|
Seif El-Bakly
|
2.
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Reason for the Notification
|
a)
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Position/status
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PDMR
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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
|
PSUs in respect of ordinary shares
Options over ordinary shares
|
|
Identification Code
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GB00BZ15CS02
|
b)
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Nature of the transaction
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Grant of PSUs in respect of ordinary shares
Grant of options over ordinary shares
|
c)
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Price(s) and volume(s)
|
Price(s)
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Volume(s)
|
PSUs - N/A
|
1,973,892 ordinary shares
|
Options - 12.88 pence
per ordinary share
|
658,623 ordinary shares
|
d)
|
Aggregated information:
● Aggregated volume
● Price
|
N/A
|
e)
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Date of the transaction
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22 March 2023
|
f)
|
Place of the Transaction
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Not on a trading venue
|
For further information please contact:
Argo Blockchain
|
|
Investor Relations
|
ir@argoblockchain.com
|
finnCap Ltd
|
|
Corporate
Finance
Jonny Franklin-Adams
Seamus Fricker
Joint
Corporate Broker
Sunila de Silva
|
+44 207 220 0500
|
Tennyson Securities
|
|
Joint
Corporate Broker
Peter Krens
|
+44 207 186 9030
|
Tancredi Intelligent Communication
UK
& Europe Media Relations
|
|
Salamander Davoudi
Emma Valgimigli
Fabio Galloni-Roversi Monaco
Nasser Al-Sayed
|
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. Argo also participates in several Web 3.0, DeFi and
GameFi projects through its Argo Labs division, further
contributing to its business operations, as well as the development
of the cryptocurrency markets. For more information,
visit www.argoblockchain.com.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date:
24 March,2023
|
ARGO BLOCKCHAIN PLC
By:
Name:
Peter Wall
Title:
Chief Executive Officer
Name:
David Zapffe
Title:
General Counsel
|