leadf
logo-loader
viewArgo Blockchain PLC

Argo Blockchain PLC - Capital Reduction Update

RNS Number : 0198E
Argo Blockchain PLC
03 November 2020
 

Press Release

3 November 2020

 

Argo Blockchain PLC

('Argo' or 'The Company') 

Capital Reduction Update

Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), is pleased to provide an update on its proposed capital reduction.

Following the resolution passed at the Company's AGM on 25 June 2020 to approve, subject to the confirmation of the Court, the cancellation of its share premium account, the Company has applied to the Court for approval of the capital reduction.

The initial directions hearing in relation to the capital reduction took place on 30 October 2020, with the final hearing scheduled for 10 November 2020. Subject to the approval of the Court, the capital reduction on registration of the Court order with the Registrar of Companies.

This announcement contains inside information.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 

Argo Blockchain

 

Peter Wall

Chief Executive

 

Ian MacLeod

Executive Chairman

 

via Tancredi +44 203 434 2334

 

Corporate Broker

 

Mirabaud

Peter Krens

+44 203 167 7221

Media Relations

 

Tancredi Intelligent Communications

Salamander Davoudi

 

Emma Valgimigli

 

salamander@tancredigroup.com

+44 7957 549 906

 

emma@tancredigroup.com

+44 7727 180 873

 

 

 

About Argo:

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB.

 

argoblockchain.com

 

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDFSMEEEESSEFF

Quick facts: Argo Blockchain PLC

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Argo Blockchain 'adds more capacity to fleet' with 4,500 'latest and...

Argo Blockchain PLC's (LON:ARB) Peter Wall talks to Proactive London about an equipment lease with Celsius Network for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 months. Wall describes these machines as the 'latest and greatest machines' available at a time when he is...

on 5/11/20

3 min read