Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 82

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 82
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. S. Internal Revenue Service (the “ IRS”) regarding any matter discussed in this report and the statements in this report are not binding on the IRS or any court. Thus, no assurance can be given that the IRS would not assert, or that a court would not sustain a position contrary to any of the tax consequences described below.

As used in this discussion, a “ U. S. Holder” is a beneficial owner of ordinary shares or ADSs who is, for U. S. federal income tax purposes:

  a citizen or individual resident of the United States;  

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  a corporation, or other entity taxable as a corporation, created or organized in or under the laws of the United States, any state therein or the District of Columbia;  

  an estate the income of which is subject to U. S. federal income taxation regardless of its source; or  

  a trust (i) with respect to which a court within the United States is able to exercise primary supervision over its administration and one or more United States persons have the authority to co...  

  U. S. Holders should consult their tax advisers concerning the U. S. federal, state, local and non-U. S. tax consequences of owning and disposing of ordinary shares or ADSs in their particular ...  

Generally, we believe a U. S. Holder of ADSs should be treated for U. S. federal income tax purposes as the owner of the underlying ordinary shares represented by those ADSs, and following discussion assumes such treatment is respected. Accordingly, no gain or loss will generally be recognized if a U. S. Holder exchanges ADSs for the underlying ordinary shares represented by those ADSs.

Taxation of Distributions

Subject to the PFIC rules described below, a U. S. Holder will be subject to the following tax consequences upon receipt of distributions in respect of the ordinary shares or ADSs:

  Distributions paid on ordinary shares or ADSs, other than certain pro rata distributions of ordinary shares or ADSs, will be treated as dividends to the extent paid out of our current or accumu...  

  If we are eligible for the benefits of the United States-United Kingdom Income Tax Convention (as currently in force) or our ordinary shares or ADSs are treated as readily tradable on an establ...  

  The amount of any distribution paid in foreign currency that will be included in the gross income of a U. S. Holder will be the U. S. dollar value of the distribution payment based on