RNS: Grant of Options23 Sep 2021 09:24
RNS Number : 7345M
Argo Blockchain PLC
23 September 2021
Argo Blockchain PLC
("Argo" or "the Company")
Grant of Options
Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), announces that 20 personnel were granted a total of 5,500,000 options over ordinary shares at an exercise price of £1.57 each in the capital of the Company ("Options") on September 22nd, 2021, including grants to the following directors:
Alex Appleton
1,250,000
Matthew Shaw
250,000
Maria Perrella
500,000
Colleen Sullivan
500,000
Sarah Gow
500,000
The options 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 options vest at a rate of 1/36th per month for the remainder of the vesting period.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.