Company: ARBK
Filing Date: 2025-11-21
Form Type: 6-K
Source: 0001654954-25-013346
Chunk: 1

Company: Argo Blockchain Plc
Filing Date: 2025-11-21
Form: 6-K
Chunk 1
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, subject to the Company regaining and maintaining compliance with The Nasdaq Stock Market LLC's ("Nasdaq's") applicable listing criteria, can be freely traded on Nasdaq.

Shareholders wishing to convert ordinary shares into ADSs should contact their broker or investment advisor with instructions to transfer ordinary shares to JPMorgan Chase Bank, London, as custodian (see https://adr.com/drprofile/040126104).

JPMorgan Chase Bank, N.A., as depositary for the ADSs (the " Depositary "), will charge a fee of US$5.00 (five US dollars) for each 100 ADSs (or portion thereof) issued upon conversion of ordinary shares for conversions occurring both before and, if sanctioned, after the implementation of the Restructuring Plan; the Shareholder's stockbroker may also charge fees.

To convert ordinary shares into ADSs before implementation of the Restructuring Plan, Shareholders will need to convert a minimum of ten ordinary shares because one ADS currently represents ten ordinary shares.

To convert ordinary shares into ADSs after implementation of the Restructuring Plan, Shareholders will need to convert a minimum of 2,160 ordinary shares, because Argo will adjust the ADS ratio so that one ADS will represent 2,160 ordinary shares. The ratio change is necessary for the Company to regain compliance with Nasdaq listing requirements.

The effect of the ratio change will be that persons with an interest (through the holding of ADSs) in fewer than 2,160 ordinary shares will be left with an entitlement to a fractional interest in an ADS. Where this happens, the Depositary will arrange for all fractional entitlements to be aggregated and sold and will distribute the sale proceeds (net of transaction fees) on a pro rata basis to ADS holders that would otherwise be entitled to receive a fractional ADS according to the extent of their fractional interests. If the result of the ratio change is that an ADS holder does not receive a whole ADS or any distribution from the liquidation of all aggregated fractional entitlements, they will be entitled, upon request to the Company, to claim US$1 in aggregate for their interests in ADSs in accordance with the Restructuring Plan.

Neither the Company, nor the Depositary, makes any recommendation as to whether or when or not to convert to ADSs. Shareholders are strongly recommended to consult their stockbroker, solicitor, accountant or other appropriate independent financial adviser authorised under the Financial Services and Markets Act 2000 (as amended), if they are resident in the United