Company: ARBK
Filing Date: 2025-04-22
Form Type: 20-F/A
Source: 0001104659-25-037403
Chunk: 20

Company: Argo Blockchain Plc
Filing Date: 2025-04-22
Form: 20-F/A
Chunk 20
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 the SEC permits the Company to provide only management’s report in this filing.

16

Changes in Internal Control Over Financial Reporting

Other than the material weakness and remediation plan discussed above, during the period ended December 31, 2023, there were no other changes in the Company’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Clawback Policy Disclosure

In accordance with SEC Rule 10D-1 and the Nasdaq Listing Standards, the Company has adopted a clawback policy that provides for the recovery of erroneously awarded incentive-based compensation in the event of a material financial restatement. The policy applies to current and former executive officers who received incentive-based compensation that was calculated based on financial results that were subsequently restated. As part of our evaluation of the financial restatement disclosed in this Amendment No. 1, management has determined that no incentive-based compensation was awarded or paid based on misstated financial results. Accordingly, no clawback actions are required under our policy in connection with this restatement. We remain committed to ensuring strong financial reporting controls and executive accountability in compliance with regulatory requirements.

Item 18.Financial Statements

The audited restated consolidated financial statements as required under Item 18 are attached hereto starting on page F-1 of this Amendment No. 1.

Item 19.Exhibits

A list of exhibits included as part of this Annual Report is set forth in the Index to Exhibit immediately following this Item 19.

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INDEX TO EXHIBITS

| Exhibit 
 No.     
 1.1     
 2.1     | ​ | Exhibit Description                                                                                                                                                                                                                                                            
 Amended and Restated Articles of Association of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant’s Amendment No. 3 to Registration Statement on Form F-1 filed on September 17, 2021)                                                                
 Description of the registrant’s securities registered pursuant to Section 12 of the Exchange Act. (incorporated by reference to Exhibit 2.1 to the Registrant's Form 20-F filed on April 30, 2024)                                                                             |
|:--------|:--|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.2     | ​ | Form of Deposit Agreement (incorpor