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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.





Argo Blockchain


Peter Wall

Chief Executive


Ian MacLeod

Executive Chairman


via Tancredi +44 203 434 2334


Corporate Broker



Peter Krens

+44 203 167 7221

Media Relations


Tancredi Intelligent Communications

Salamander Davoudi


Emma Valgimigli



+44 7957 549 906



+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.




See Argo's largest facility in Quebec:



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Quick facts: Argo Blockchain PLC

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Market: LSE
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