Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 50

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 50
---
 forfeiture, recovery by the Company or other action pursuant to the applicable awards agreement or any clawback or recoupment policy that the Company may adopt. The circumstances in which such recoupment may apply include, without limitation, serious misconduct by the individual, material misstatement or restatement of the results of the Company, or significant reputational damage to the Company, its subsidiaries or affiliates.

Upon vesting, stock options generally remain exercisable until the tenth anniversary of the grant date, subject to earlier termination upon a cessation of the optionholder’s services to the Company. Unless otherwise provided in the option agreement, an optionholder (or the optionholder’s personal representative) may be permitted to exercise a stock option during a limited period of time after the optionholder’s termination of services. Such period of exercisability ranges from 90 days to 12 months, depending on the reason for the termination.

Table of Contents

Certain Adjustments

In the event of any equity restructuring, such as the declaration of stock dividends, a stock split, spinoff, rights offering or recapitalization through an extraordinary cash dividend, appropriate adjustments will be made in the number and price of shares subject to each outstanding award, the terms of each outstanding award, and the number of shares available for grant under the 2022 Plan.

Change in Control

In the event of a change in control of the Company, our board of directors may provide for accelerated vesting and deemed satisfaction of performance conditions, equitable substitution of awards or cancellation and cash out of awards.

Amendment and Termination

Our board of directors has the authority to amend or terminate the 2022 Plan, except that no such amendment will be effective without the approval of the Company’s shareholders if shareholder approval is required by applicable law, rule or regulation, and no amendment may materially impair the rights of a holder of an outstanding award without such holder’s consent. The 2022 Plan will terminate on June 29, 2032, unless terminated earlier by the board of directors.

The 2018 Plan

Our board of directors adopted the 2018 Plan on July25, 2018.

Eligibility, Awards and Administration

Employees, consultants and directors of the Company and its affiliates, and certain other individuals designated by the board of directors who are expected to become employees, consultants or directors of the Company and its affiliates, are eligible to participate in the 2018 Plan. Under the 2018 Plan, our board of directors may grant stock option awards in order to attract and retain such