Press release
7 June 2024
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 announces the results of the Company's annual general meeting held on Thursday, 6 June 2024.
A poll was held on each of the resolutions in which Resolutions 1, 4, 5, 6, and 7 (inclusive) were passed as ordinary resolutions and resolutions 9, 10 and 12 (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 | 24,258,680 | 51.15% | 23,165,756 | 48.85% | 47,424,436 | 8.20% | 582,052
|
| 2. | To approve the Directors' Remuneration Report | 14,039,146 | 29.62% | 33,351,508 | 70.38% | 47,390,654 | 8.19% | 615,834 |
| 3. | To approve the Directors' Remuneration Policy | 11,624,065 | 24.59% | 35,643,827 | 75.41% | 47,267,892 | 8.17% | 738,596 |
| 4. | To re-appoint Thomas Chippas as a Director of the Company | 41,833,621 | 88.56% | 5,404,579 | 11.44% | 47,238,200 | 8.17% | 768,288 |
| 5. | To re-appoint PKF Littlejohn as auditors of the Company | 44,413,478 | 93.86% | 2,903,114 | 6.14% | 47,316,592 | 8.18% | 689,896 |
| 6. | To authorise the directors to fix the auditor's remuneration | 44, 056,590 | 92.90% | 3,368,560 | 7.10% | 47,425,150 | 8.20% | 581,338 |
| 7. | Authority to allot shares | 43,068,658 | 90.93% | 4,296,013 | 9.07% | 47,364,671 | 8.19% | 641,817 |
| 8. | Authority to allot further shares | 12,845,500 | 27.12% | 34,527,280 | 72.88% | 47,372,780 | 8.19% | 633,708 |
| Special Resolutions | ||||||||
| 9. | General authority to disapply pre-emption rights | 42,925,954 | 91.11% | 4,187,829 | 8.89% | 47,113,783 | 8.15% | 892,705 |
| 10. | Additional authority to disapply pre-emption rights | 43,006,818 | 91.29% | 4,103,704 | 8.71% | 47,110,522 | 8.15% | 895,966 |
| 11. | Additional/Further authority to disapply pre-emption rights | 12,545,007 | 26.61% | 34,607,096 | 73.39% | 47,152,103 | 8.15% | 854,385 |
| 12. | Notice of general meetings | 43,874,225 | 92.62% | 3,497,095 | 7.38% | 47,371,320 | 8.19% | 635,168 |
While most of the proposed resolutions were passed, we note that resolutions 2, 3, 8 and 11 did not receive the necessary majority. The Company also notes the votes against resolution 1. In compliance with the QCA Code, the Company has recognised the adverse votes and will consider and reflect on the votes cast and update the market in due course.
For further information please contact:
| Argo Blockchain | |
| Investor Relations | |
| Tennyson Securities | |
| Corporate Broker Peter Krens | +44 207 186 9030 |
| Fortified Securities |
|
| Joint Broker Guy Wheatley, CFA | +44 74930989014 |
| Tancredi Intelligent Communication UK & Europe Media Relations |
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining operations in Quebec and 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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