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Capital Reduction Update

3rd Nov 2020 07:00

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

 

[email protected]

+44 7957 549 906

 

[email protected]

+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

 

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