Member Info for Beardolian

I received this message from AJ Bell today. Is anyone converting their shares to ADRs? What are the opportunities and risks? If ADRs can’t be traded, what’s their purpose? I put a lot of money into ARB on a friend's recommendation. Any advice would be really appreciated. Thank you.

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Further to our previous announcement, we have received an update reagrding the Argo Blockchain Plc conversion opportunity from ordinary shares to American Depositary Receipts (ADRs).

Please note that Argo has been notified by Nasdaq that it is non-compliant with the minimum bid price requirements for its ADRs, and Nasdaq has determined to delist the ADRs from the Nasdaq Global Select Market after the company failed to regain compliance by 15 July 2025.

Argo intends to request a hearing before a Nasdaq Hearings Panel. The ADRs are expected to continue trading during this period.

As a result, any requests to convert ordinary shares into ADRs will be processed on a best endeavours basis.

In addition, if you choose to convert your ordinary shares into ADRs, this may result in you holding unlisted ADRs which cannot be traded.

To view the notice, please copy and paste the following link into your web browser:

https://www.londonstockexchange.com/news-article/ARB/nasdaq-delisting-notice-and-hearing-request/17149262

Under the terms of the conversion, you have the opportunity to convert your ordinary shares into ADRs. Should you choose to convert your shares, you will receive 1 ADR for every 10 ordinary shares held.

Your election will need to be in multiples of 10 in order to receive a whole number of shares. If your election is not in a multiple of 10, your election will be rounded down to the nearest 10.

Please note, there will be an issuance fee of USD0.05 per ADR. This fee will be calculated based on the total number of ADRs issued, rounded up to the nearest 100 shares.

Please note, the conversion is handled by processing agents in various regions, and there can often be long delays in completing the transaction.

If you choose to convert your ordinary shares, the new ADRs will be credited to your account upon receipt.

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I received the same message from AJ Bell today:

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Argo Blockchain UK has announced an opportunity for holders of the ordinary shares to choose to convert all or part of their holding into American Depositary Receipts (ADRs).

You now have the opportunity to convert your ordinary shares into ADRs. Should you choose to convert your shares, you will receive 1 ADR for every 10 ordinary shares held.

Your election will need to be in multiples of 10 in order to receive a whole number of shares. If your election is not in a multiple of 10, your election will be rounded down to the nearest 10.

Please note, there will be an issuance fee of USD0.05 per ADR. This fee will be calculated based on the total number of ADRs issued, rounded up to the nearest 100 shares.

Please note, the conversion is handled by processing agents in various regions, and there can often be long delays in completing the transaction.

If you choose to convert your ordinary shares, the new ADRs will be credited to your account upon receipt.

A response is required by 12 August

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Does anyone know if this is a good move? And would you convert all shares? Or not convert any?

Any help is appreciated.

Does this mean copl shares could come back into play, i.e. to be bought and sold? What is the likelihood of this? Thanks

Castlepaul13, can you sell or buy NNN shares then? Maybe something good is happening...

Thank you, Rooky. This NNN debacle is demoralising for us innocent shareholders who have put our hard earned money into this share, only to see it tank. Hopefully we will get good news one day. Good luck.

Hi, does anyone know what's happening with NNN? The shares are still showing on my AJ Bell account but obviously I can't do anything with them. Thanks

"Was Cathy not simply doing PR for COPL and merely forwarding information given by the company."

Using that logic, the company openly and knowingly misled the market with this rhetoric. Aka deception.

Does anyone know what's happening with NNN and if it will rise like a phoenix from the flames? Or is it permanently dead?

I haven't received my invoice yet either. I've checked the spam email folder too. I have supplied all information Cotter requested in previous emails. RBM has Cotter sent them all out or is piecemeal? Thank you for all your help, it is v much appreciated.

Hi, a few further questions:

1. what is the deadline to return the Terms of Acting form by email?

2. Does the £3m aggregate liability for all claims cover the CAGs money spent /lost on shares?

3. In the T&C's, point 31, "The name of our insurer for the current policy period of American International Group UK Limited is." Can someone clarify what this means please?

Thanks

Thank you angioprime, appreciate your response!

I have been a copl shareholder since 2020 and want to be part of this lawsuit. However, uploading our photo ID and proof of address to an insecure email address, coplaction@ceclegal.co.uk can potentially lead to identity theft if it is breached (I used to work in cyber security). I have emailed coplaction@ceclegal.co.uk to see if there is a secure portal we can upload our information to but have not had a response. If you type in www.ceclegal.co.uk it goes to a website with a 4 digit pin. Can anyone advise please?

Same here. AJ bell say it's correct as it's part of the consolidation and why we are also unable to trade in UK market hours - we can only trade on Canadian time which is a bit bonkers. They do this as they believe it has the most liquidity. I rang them up and queried it as we bought the shares on the LSE and we will also face FX charges if we trade now. I also asked them why AJ bell is different to Interactive Investor, Halifax etc. as all their traders haven't been impacted as such... They're contacting their corporate actions team as I'm the first person (allegedly) to query the legitimacy of this type of action...

Can't get buy or sell quotes on AJ bell. Get the message:

Error: this security is restricted from dealing.

Anyone else getting the same with their platform?