Last checked at 2 Nov 2018 13:22
PRESS RELEASE
2 Nov. 2018
Argo Blockchain PLC
('Argo' or 'the Company')
Notification of Change in Holding
The Company has granted a request received from Adrian Beeston to transfer half of his shareholding in the Company to his wife, Sarah Rossi Beeston, for personal tax reasons. This transfer is conditional upon Mrs Beeston entering into a lock-in agreement with the Company.
Prior to Admission of the Company to the Official List and to trading on the Main Market of the London Stock Exchange PLC, Mr Beeston agreed with the Company that he would not, other than in certain limited circumstances, dispose of any shares in the Company (Lock-in Agreement). Mr Beeston remains subject to the Lock-in Agreement in relation to his remaining shareholding. Mrs Beeston's lock-in agreement is on substantially similar terms to the Lock-in Agreement and is for a period of 12 months from 3 August 2018, being the same period as the Lock-in Agreement.
Prior to the transfer, Mr Beeston owned 12.6 million ordinary shares of £0.001 each in the Company (Ordinary Shares). Following the transfer, Mr Beeston will own 6.3 million Ordinary Shares, and Mrs Beeston will own 6.3 million Ordinary Shares. Mr and Mrs Beeston will therefore each hold approximately 2.14% of the Company's share capital.
For further information please contact:
Argo Blockchain |
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Neil Thapar Financial Communications Advisor | via Tancredi +44 207 887 7633 +44 07876 455323 | ||
Mirabaud Corporate Broker |
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Peter Krens
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Tancredi Intelligent Communication Media Relations |
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Salamander Davoudi salamander@tancredigroup.com
Georgia Hanias Georgia@tancredigroup.com | +44 7957 549 906
+44 7812 211 403
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TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Argo Blockchain Plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv | ||||||
Name | Adrian Beeston | |||||
City and country of registered office (if applicable) |
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4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: | 31st October 2018 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 31st October 2018 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||
Resulting situation on the date on which threshold was crossed or reached | 2.14% |
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| 293,750,000 | ||
Position of previous notification (if applicable) | 4.29% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
| 6,300,000 |
| 2.14% |
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SUBTOTAL 8. A | 6,300,000 | 2.14% | |||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 | n/a | n/a | |||||
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 | n/a | n/a | ||||
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | X |
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Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) |
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Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
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Place of completion | London, UK | |||||
Date of completion | 31st October 2018 | |||||