Press release
3 July 2023
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 on Friday, 30 June 2023.
A poll was held on each of the resolutions in which Resolutions 1, 3, 4, 5, 6 and 7 (inclusive) were passed as ordinary resolutions and resolutions 8, 9 and 11 (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 | 30,063,037 | 99.50% | 151,523 | 0.50% | 30,214,560 | 6.32% | 180,178 |
| 2. | To approve the Directors' Remuneration Report | 14,602,779 | 48.55% | 15,473,222 | 51.45% | 30,076,001 | 6.29% | 318,737 |
| 3. | To re-appoint Matthew Shaw as a director of the Company | 19,727,033 | 77.30% | 5,791,631 | 22.70% | 25,518,664 | 5.34% | 4,876,074 |
| 4. | To re-appoint PKF Littlejohn as auditors of the Company | 29,641,061 | 98.65% | 406,662 | 1.35% | 30,047,723 | 6.29% | 347,015 |
| 5. | To authorise the directors to determine the auditor's remuneration | 29,305,188 | 97.63% | 710,021 | 2.37% | 30,015,209 | 6.28% | 379,529 |
| 6. | Authority to allot shares | 28,245,144 | 93.86% | 1,848,616 | 6.14% | 30,093,760 | 6.30% | 300,978 |
| 7. | Authority to allot further shares | 20,686,449 | 68.84% | 9,363,771 | 31.16% | 30,050,220 | 6.29% | 344,518 |
| Special Resolutions | ||||||||
| 8. | General authority to disapply pre-emption rights | 28,386,295 | 94.68% | 1,595,215 | 5.32% | 29,981,510 | 6.27% | 413,228 |
| 9. | Additional authority to disapply pre-emption rights | 28,489,337 | 95.07% | 1,476,616 | 4.93% | 29,965,953 | 6.27% | 428,785 |
| 10. | Additional/Further authority to disapply pre-emption rights | 20,740,850 | 69.31% | 9,185,919 | 30.69% | 29,926,769 | 6.26% | 467,969 |
| 11. | Notice of general meetings | 29,576,772 | 98.29% | 514,362 | 1.71% | 30,091,134 | 6.30% | 303,604 |
While most of the proposed resolutions were passed, we note that resolutions 2 and 10 did not receive the necessary majority. The Company also notes the votes against resolution 3. The Company values transparent dialogue with all shareholders and will seek to consult and engage with them to better understand the reasons behind these votes.
For further information please contact:
| Argo Blockchain | |
| Investor Relations | |
| finnCap Ltd | |
| Corporate Finance Jonny Franklin-Adams Seamus Fricker Joint Corporate Broker Sunila de Silva | +44 207 220 0500
|
| Tennyson Securities | |
| Joint Corporate Broker Peter Krens | +44 207 186 9030 |
| Tancredi Intelligent Communication UK & Europe Media Relations | |
| Salamander Davoudi Emma Valgimigli Fabio Galloni-Roversi Monaco Nasser Al-Sayed |
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations 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. For more information, visit www.argoblockchain.com.
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