Last checked at 29 Jun 2022 13:00
Press release
29 June 2022
Argo Blockchain PLC
('Argo' or 'the Company')
Result of Annual General Meeting
Argo Blockchain plc, (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, is pleased to announce the results of the Company's annual general meeting held today, 29 June 2022.
A poll was held on each of the resolutions and all of the resolutions were passed by the required majority. Resolutions 1 to 10 (inclusive) were passed as ordinary resolutions and resolutions 11 to 14 (inclusive) were passed as special resolutions. The results of the poll were as follows:
Resolutions | For | Against | Total Votes | % of ISC Voted | Votes Withheld | |||
Votes | % | Votes | % | |||||
Ordinary Resolutions | ||||||||
1. | To receive the Annual Report and Accounts | 76,171,632 | 99.45% | 424,304 | 0.55% | 76,595,936 | 16.05% | 471,341 |
2. | To approve the Directors' Remuneration Report | 56,894,073 | 74.23% | 19,755,303 | 25.77% | 76,649,376 | 16.07% | 417,901 |
3. | To re-appoint Alex Appleton as a director of the Company | 72,021,242 | 93.99% | 4,601,570 | 6.01% | 76,622,812 | 16.06% | 444,465 |
4. | To re-appoint Sarah Gow as a director of the Company | 67,461,572 | 88.03% | 9,169,259 | 11.97% | 76,630,831 | 16.06% | 436,446 |
5. | To re-appoint Maria Perrella as a director of the Company | 67,478,115 | 88.06% | 9,151,696 | 11.94% | 76,629,811 | 16.06% | 437,466 |
6. | To re-appoint Raghav Chopra as a director of the Company | 74,845,245 | 97.67% | 1,788,257 | 2.33% | 76,633,502 | 16.06% | 433,775 |
7. | To re-appoint PKF Littlejohn as auditors of the Company | 75,922,291 | 98.98% | 779,536 | 1.02% | 76,701,827 | 16.08% | 365,450 |
8. | To authorise the directors to determine the auditor's remuneration | 75,843,592 | 98.91% | 838,555 | 1.09% | 76,682,147 | 16.07% | 385,250 |
9. | To approve the 2022 Equity Incentive Plan | 54,754,888 | 71.47% | 21,853,939 | 28.53% | 76,608,827 | 16.06% | 458,450 |
10. | Authority to allot shares | 73,772,816 | 96.21% | 2,905,598 | 3.79% | 76,678,414 | 16.07% | 388,863 |
Special Resolutions | ||||||||
11. | General authority to disapply pre-emption rights | 75,111,150 | 98.17% | 1,403,399 | 1.83% | 76,514,549 | 16.04% | 552,728 |
12. | Additional authority to disapply pre-emption rights | 74,576,697 | 97.51% | 1,903,319 | 2.49% | 76,480,016 | 16.03% | 587,261 |
13. | Notice of general meetings | 72,385,655 | 94.30% | 4,373,926 | 5.70% | 76,759,581 | 16.09% | 307,696 |
14. | Authority to purchase own shares | 76,100,181 | 99.13% | 668,540 | 0.87% | 76,768,721 | 16.09% | 298,556 |
The Board is pleased that Resolution 2 (Directors Remuneration Report) and Resolution 9 (Equity Incentive Plan) were passed with significant majorities, but notes the votes against these resolutions. In accordance with the QCA Corporate Governance Code, the Board will continue its engagement with shareholders to discuss their concerns on the above resolutions.
For further information please contact:
Argo Blockchain | |
Peter Wall Chief Executive | via Tancredi +44 203 434 2334
|
finnCap Ltd | |
Corporate Finance Jonny Franklin-Adams Tim Harper Joint Corporate Broker Sunila de Silva | +44 207 220 0500
|
Tennyson Securities | |
Joint Corporate Broker Peter Krens | +44 207 186 9030 |
OTC Markets | |
Jonathan Dickson jonathan@otcmarkets.com | +44 204 526 4581 +44 7731 815 896 |
Tancredi Intelligent Communication UK & Europe Media Relations | |
Emma Valgimigli Fabio Galloni-Roversi Monaco Nasser Al-Sayed argoblock@tancredigroup.com | +44 7727 180 873 +44 7888 672 701 +44 7915 033 739 |
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With its flagship mining facility 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.