Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 54

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 54
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 retirement savings plan, and employees located in the U. S. receive a 6% employer match for the Company 401K plan.

Table of Contents

  Board Practices  

Composition of our Board of Directors

As of December 31, 2024, our board of directors was composed of four members. As a foreign private issuer, under the listing requirements and rules of Nasdaq, we are not required to have independent directors on our board of directors, except that our audit committee is required to consist fully of independent directors. Our board of directors has determined that Maria Perrella, Matthew Shaw and Raghav Chopra do not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of director and that each of these directors is“independent”as that term is defined under Nasdaq rules.

Committees of our Board of Directors

Our board of directors has an audit committee, a remuneration committee, and a nominating and corporate governance committee. Each of these committees is governed by a charter that is consistent with applicable UK law and SEC and Nasdaq corporate governance rules which will be available on the Investors section of our website at https://argoblockchain. com. Information contained on, or that can be accessed through, our website is not incorporated by reference into this report, and you should not consider information on our website to be part of this report.

Audit Committee

As of December 31, 2024, our Audit Committee consisted of Maria Perrella, Matthew Shaw and Raghav Chopra. Maria Perrella serves as the chair of the Audit Committee. Our board determined that eachmember of our Audit Committee meets the requirements for financial literacy under the applicable rules and regulations of the SEC and the Nasdaq corporate governance rules. Our board determined that Maria Perrella is an audit committee financial expert as defined by the SEC rules and has the requisite financial experience as defined by the Nasdaq corporate governance rules.

Our board determined that each member of our audit committee is “independent” as such term is defined in Rule10A-3(b)(1) under the Exchange Act, which is different from the general test for independence of board and committee members.

The Audit Committee is responsible for, among other things:

  the appointment, compensation, retention and oversight of the work and termination of any independent auditor engaged for the purpose of preparing or issuing an audit report or performing other...  

  pre-approving the audit services and non-audit services to be provided by our independent auditor before the auditor