Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 18

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 18
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 increases for staff in response to competitive market trends.

The Committee remains focused on ensuring that the Group’s remuneration policy enables the Group to attract, retain and develop appropriately skilled and experienced staff sufficient for the Group’s present and anticipated requirements. The Committee is also determined to ensure that remuneration incentivises staff to deliver on both financial and non-financial objectives.

Following the year under review, Mr. Chippas resigned as Chief Executive Officer and Executive Director of the Company and Mr. MacCallum was appointed as Interim Chief Executive Officer while retaining his position as Chief Financial Officer. On 22 March 2025, Justin Nolan was appointed as Chief Executive Officer. The Committee determined Mr. Chippas’, Mr. MacCallum’s and Mr. Nolan’s remuneration for serving as CEO,CFO, and CEO, respectively, based on a review of benchmarking against relevant comparables in the market.

Raghav Chopra

Chair of the Remuneration Committee 8 May 2025

Directors’ Remuneration Report

Membership of the Remuneration Committee

During the year, the Company’s Remuneration Committee consisted of Maria Perrella and Raghav Chopra. Raghav Chopra served as Chair of the committee.

Role of the Remuneration Committee

The Remuneration Committee’s role is to determine and operate a remuneration policy that supports the Company’s strategy and promotes long-term sustainable success and aligns the interests of directors with shareholders.

The Remuneration Committee’s primary responsibilities include:

●

identifying, reviewing and proposing policies relevant to executive officer compensation;

●

evaluating each executive officer’s performance in light of such policies and reporting to the Board;

●

determining any long-term equity incentive component of each executive officer’s compensation in line with the remuneration policy and reviewing its executive officer compensation and benefits policies generally and

● reviewing and assessing risks arising from the Company’s compensation policies and practices.

Advisors to the Committee

None.

Directors' remuneration (audited)

Details of directors’ remuneration during the year ended 31 December 2024 is as follows:

| Director                | Salary and fees | Bonus | Stock compensation | Loss of Office | 2024 Total | Fixed element | Variable element |
|                         |             USD | USD   |                USD | USD            |        USD |           USD |              USD |
| Executive Directors     |                 |       |                    |                |            |               |                  |
|