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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argo Blockchain Plc | LSE:ARB | London | Ordinary Share | GB00BZ15CS02 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -8.20% | 11.20 | 11.00 | 12.00 | 12.25 | 11.50 | 12.25 | 2,021,993 | 16:35:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 47.36M | -194.23M | -0.3628 | -0.32 | 61.56M |
TIDMARB
RNS Number : 9745B
Argo Blockchain PLC
05 February 2020
Press Release
5 February 2020
Argo Blockchain PLC
('Argo' or 'The Company')
Grant of Share Options
Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), announces that the Board has granted an award of 11,400,000 options over ordinary shares of GBP0.001 each in the Company (Ordinary Shares).
These options have been granted to the Company's management, executive and Board members as a long term incentive. These options have been granted from the pool of available options established under the Company's 2018 option plan, including lapsed options that were returned to the Company's option pool.
The options are priced at GBP0.07 per Ordinary Share, and will begin to vest three months after the date of the grant in equal monthly tranches over the next 21 months and are exercisable on or before February 4, 2030. The options were granted as follows:
Director/Senior Manager Options Peter Wall 5,700,000 Ian MacLeod 1,900,000 Inderpreet Hothi 1,662,500 Sebastien Chalus 1,187,500 Matthew Shaw 475,000 Timothy Le Druillenec 475,000 ----------- Total 11,400,000 -----------
Mike Edwards, the Company's former Executive Chairman, retains the 7,047,525 options over Ordinary Shares granted to Mr Edwards in July 2018, and which have already vested, for a period of three years from January 27, 2020. The remaining 3,281,500 unvested options lapsed on his departure, and were returned to the option pool under the Company's 2018 option plan. Details of the Company's option plan are set out in the Company's prospectus dated 30 July 2018. The options granted to Mr Edwards remain exercisable at a price of 16 pence per Ordinary Share.
Ian MacLeod, Argo's executive chairman, stated that: "The grant of these options aligns the interests of the Board and senior management with those of the Company's shareholders and incentivises increased profitability and the generation of long term shareholder value."
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 Peter Wall Ian MacLeod Inderpreet Hothi Sebastien Chalus Matthew Shaw Timothy Le Druillenec ------------------------------ -------------------------------------------- 2. Reason for the Notification ---------------------------------------------------------------------------- a) Position/status Directors and PDMRs of the Company ------------------------------ -------------------------------------------- b) Initial notification Initial notification / Amendment ------------------------------ -------------------------------------------- 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 Options over Ordinary shares Financial instrument, type of instrument Identification Code GB00BZ15CS02 ------------------------------ -------------------------------------------- b) Nature of the transaction Grant of options over ordinary shares ------------------------------ -------------------------------------------- c) Price(s) and volume(s) Optionholder Price No. of options over ordinary shares Peter Wall GBP0.07 5,700,000 --------- --------------- Ian MacLeod GBP0.07 1,900,000 --------- --------------- Inderpreet Hothi GBP0.07 1,662,500 --------- --------------- Sebastien Chalus GBP0.07 1,187,500 --------- --------------- Matthew Shaw GBP0.07 475,000 --------- --------------- Timothy Le Druillenec GBP0.07 475,000 --------- --------------- ------------------------------ -------------------------------------------- d) Aggregated information: * Aggregated volume 11,400,000 Options over Ordinary Shares GBP0.07 per Ordinary Share * Price ------------------------------ -------------------------------------------- e) Date of the transaction February 5, 2020 ------------------------------ -------------------------------------------- f) Place of the Transaction Not on a trading venue ------------------------------ --------------------------------------------
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 Matthew Shaw ------------------------------ -------------------------------------- 2. Reason for the Notification ---------------------------------------------------------------------- a) Position/status Director ------------------------------ -------------------------------------- b) Initial notification Initial notification / Amendment ------------------------------ -------------------------------------- 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 Options over Ordinary shares Financial instrument, type of instrument Identification Code GB00BZ15CS02 ------------------------------ -------------------------------------- b) Nature of the transaction Grant of Options over Ordinary Shares ------------------------------ -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 16 pence per 1,000,000 Options Ordinary Share over Ordinary Shares ------------------ ------------------------------ -------------------------------------- d) Aggregated information: * Aggregated volume 1m Options over Ordinary Shares GBP0.16 per Ordinary Share * Price ------------------------------ -------------------------------------- e) Date of the transaction 28 August 2019 ------------------------------ -------------------------------------- f) Place of the Transaction Not on a trading venue ------------------------------ --------------------------------------
This announcement contains inside information.
For further information please contact:
Argo Blockchain Peter Wall via Tancredi +44 203 434 Chief Executive 2334 Neil Thapar Financial Communications +44 7876 455323 Adviser ------------------------- Mirabaud ------------------------- Corporate Broker Peter Krens +44 203 167 7221 ------------------------- Tancredi Communication Media Relations ------------------------- Salamander Davoudi salamander@tancredigroup.com +44 7957 549 906 Emma Valgimigli emma@tancredigroup.com +44 7727 180 873 -------------------------
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.
https://argoblockchain.com/
See Argo's largest facility in Quebec:
https://youtu.be/LDWWaZ75Zbk
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.
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(END) Dow Jones Newswires
February 05, 2020 02:00 ET (07:00 GMT)
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