Argo Blockchain PLC Closing of Offering (1288N)
September 27 2021 - 1:00PM
UK Regulatory
TIDMARB
RNS Number : 1288N
Argo Blockchain PLC
27 September 2021
Press release
27 September 2021
Argo Blockchain PLC
("Argo" or "the Company")
Closing of Offering
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce the closing of its offering of an
aggregate of 8,525,000 American Depositary Shares ("ADSs")
representing 85,250,000 ordinary shares at a public offering price
of $15.00 per ADS, for aggregate proceeds of approximately
$127,875,000, before deducting underwriting discounts and
commissions.
The number of ADS included in the offering comprises the
7,500,000 ADSs referred to in the Company's announcement of the
pricing of the offering, released on 23 September 2021, together
with a further 1,025,000 ADSs, which have been purchased by the
underwriters pursuant to the option to purchase additional ADSs
referred to in that announcement.
Each ADS offered represents 10 ordinary shares of Argo
Blockchain. The ADSs were offered in a registered public offering
in the United States (the "Offering"). Argo Blockchain's ADSs are
trading on the Nasdaq Global Select Market under the ticker symbol
"ARBK."
Jefferies and Barclays acted as joint book-running managers for
the Offering. Canaccord Genuity and Stifel GMP are acting as
co-lead managers for the Offering. Compass Point, D.A. Davidson
& Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd
and Tennyson Securities are acting as co-managers for the Offering.
The Offering was made only by means of a prospectus filed with the
U.S. Securities and Exchange Commission. Copies of the prospectus
relating to and describing the terms of the Offering may be
obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by
telephone at (877) 821-7388 or by email at
Prospectus_Department@Jefferies.com ; or from Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: 1-888-603-5847, or by emailing
barclaysprospectus@broadridge.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
on September 22, 2021. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy these
securities, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities law of any such state or jurisdiction.
This announcement contains inside information.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
------------------------------
finnCap Ltd
------------------------------
Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
------------------------------
Tennyson Securities
------------------------------
Joint Corporate Broker
Peter Krens +44 207 186 9030
------------------------------
OTC Markets
------------------------------
Jonathan Dickson +44 204 526 4581
jonathan@otcmarkets.com +44 7731 815 896
------------------------------
Tancredi Intelligent Communication
UK & Europe Media Relations
------------------------------
Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
------------------------------
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 and on the Nasdaq Global Select Market in the
United States under the ticker: ARBK.
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END
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