Company: ARBK
Filing Date: 2025-08-22
Form Type: 6-K
Source: 0001654954-25-009948
Chunk: 2

Company: Argo Blockchain Plc
Filing Date: 2025-08-22
Form: 6-K
Chunk 2
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 the Company's voting rights. Under the UK Takeover Code, Growler's acquisition would trigger an obligation on Growler to make a mandatory offer to the remaining shareholders in the Company. The Plan is, therefore, conditional upon the Takeover Panel agreeing to a waiver of the obligation under Rule 9 to make a mandatory offer, subject to independent shareholders approving that waiver. If shareholders do not approve the Plan and a Rule 9 waiver, the Company intends to seek the sanction of the Plan by the Court on the basis that shareholders would be no worse off under the Plan than the Relevant Alternative (see below). In these circumstances, the Company also intends to apply to the Panel to request that the Panel permit a dispensation under section 2(c) of the Introduction of the UK Takeover Code from the obligation that would otherwise arise on Growler to make a mandatory offer under Rule 9 in order to facilitate the rescue of the Company which is in serious financial difficulty.

The Court will be asked to sanction the Plan. If the Plan has not been approved by all meetings of creditors and, if appropriate, members, convened in accordance with the orders of the Court to consider the Plan, the Court may, in its discretion, still sanction the Plan if satisfied that (a) the Plan has been approved by at least one "in the money" class of creditors or members; and (b) any dissenting class is not worse off under the proposed plan than it would be in the relevant alternative ("Relevant Alternative").

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  | argoblock@tancredigroup.com          |

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With a mining facility in Quebec and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy