Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 114

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 7
Chunk 114
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Item 7.    Major Shareholders and Related Party Transactions

A.   Major Shareholders
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To the best of the Company’s knowledge, as of May 8, 2025, Armistice Capital controls 57,700,000 of the Company’s ordinary shares, which is 8% of the Company’s total issued and outstanding shares.
As of May 8, 2025, there were 719,468,699 ordinary shares of the Company issued and outstanding.
The Company is not directly or indirectly owned or controlled by another corporation, by any foreign government or by any other natural or legal person severally or jointly. Furthermore, the Company is not aware of any arrangements which may at some subsequent date result in a change in control of the Company.

B.   Related Party Transactions
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The following is a description of our related party transactions since January 1, 2022.
Certain of these related party transactions relate to former directors and members of the management team during their time with the Company.
Agreements with Board Members and Executive Officers
Executive Officer Service Agreements
The Company has entered into service agreements with Thomas Chippas and Jim MacCallum. See Item 6. B. “Executive Officer Service Agreements.”

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Non-Executive Director Letter Agreements
We have entered into service contracts with our directors for their services, which are subject to a three-month termination period. There are no arrangements under which any non-executive director is entitled to receive compensation upon the early termination of his or her appointment.
Related Person Transaction Policy
Our board of directors has adopted a written statement of policy regarding transactions with related persons (the “Related Person Policy”). Our Related Person Policy requires that a “related person” (as defined in paragraph (a) of Item 404 of Regulation S-K) must promptly disclose to the board of directors any “related person transaction” (defined as any transaction or any material amendment or modification to an existing Related Person Transaction that is not in the ordinary course of business and not on normal market terms, in which we were or are to be a participant and in which any related person had or will have a direct or indirect material interest) and all material facts with respect thereto. No Related Person Transaction will be executed without the approval or ratification of our board of directors or a duly authorized committee of our board of directors, as applicable. It is our policy that directors interested in a Related Person Transaction will recuse himself or herself and abstain from discussion and voting