Company: ARBK
Filing Date: 2025-03-26
Form Type: 6-K
Source: 0001654954-25-003318
Chunk: 2

Company: Argo Blockchain Plc
Filing Date: 2025-03-26
Form: 6-K
Chunk 2
---
 Closing Share Price.

● GEM will be entitled to appoint two directors to the Company's board upon completion of the Transaction.

The Company has granted GEM a 30-day exclusivity period (extensions to be considered in good faith depending on progress made). Completion of the Transaction is conditional on, among other things, shareholder approval, the granting of a Rule 9 waiver by the UK Takeover Panel and the publication of a prospectus by the Company.

Chairman of the Board, Matt Shaw commented: " We believe this transaction represents a significant step toward profitable growth for Argo and strengthens our capital structure. The Argo and Gem teams are working collaboratively to complete due diligence and finalize definitive documentation. We look forward to updating shareholders in due course."

Stifel is serving as financial advisor to Argo. Compass Point is serving as financial advisor to GEM.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities offered hereby have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act ") or any state securities laws and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the 1933 Act) unless the securities have been registered under the 1933 Act and all applicable state securities laws, or are otherwise exempt from such registration.

#### No Assurance of Definitive Agreements
There can be no assurance that any definitive agreements for the Transaction will be signed or that the Transaction will be consummated. Should Argo be unsuccessful in completing the Transaction, Argo may need to explore other financing opportunities. The Company is endeavoring to complete such Transaction to provide the Company with working capital sufficient for its present requirements, that is for at least the next twelve months from the date of this announcement.

This announcement contains inside information.

For further information please contact:

| Argo Blockchain                    |                                      |
| Investor Relations                 |                ir@argoblockchain.com |
| Tennyson Securities                |                                      |
| Corporate                          
 Broker                             
 Peter Krens                        |                     +44 207 186 9030 |
| Fortified Securities               |                                      |
| Joint                              
 Broker                             
 Guy Wheatley, CFA                  |                      +44 7493 989014 
 guy.wheatley@fortifiedsecurities.com |
| Tancredi Intelligent Communication 
 UK                                 
 & Europe Media Relations           |          argob