Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 21

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 21
---
 Nolan Employment Agreement, we may terminate Mr. Nolan’s employment by providing Mr. Nolan with the minimum (i) notice, or pay in lieu thereof, or some combination of the two, (ii) severance pay (if applicable), (iii) period of benefits continuation, and (iv) vacation pay, and in each case, subject to payment of severance equal to 12 months’ base salary, provided that we may terminate the services of Mr. Nolan at any time with immediate effect for certain reasons including misconduct, criminal offense, or other reasons “for cause”. Mr. Nolan may terminate his contract with us by providing the company with a minimum of 90 days’ notice, subject to certain exceptions. The Nolan Employment Agreement also contains restrictive covenants pursuant to which Mr. Nolan has agreed to refrain from competing with us or soliciting certain clients or employees of the Company who could materially damage our interests if involved in a competing business, for a period of twelve months following his termination of services.

The appointments of Maria Perrella, Matthew Shaw and Raghav Chopra are subject to a 3 year term and to termination upon 3 months’ notice given by either party.

Terms of appointment

The services of the directors engaged during the year under review were provided under the terms of agreement with the Group are dated as follows:

| Director        | Year of appointment | Number of years completed | Date of current engagement letter |
| Matthew Shaw    |                2019 |                         6 | 7-Sep-19                          |
| Maria Perrella  |                2021 |                         3 | 21-Jul-21                         |
| Raghav Chopra   |                2022 |                         3 | 23-Feb-22                         |
| Thomas Chippas* |                2023 |                         1 | 24-Nov-23                         |

* Following the year under review, Mr. Chippas resigned from his role of Chief Executive Officer effective 28 February 2025 and Executive Director, effective 1 February 2025

Performance relative to market index

Comparing the total shareholder return of an ordinary share in Argo Blockchain plc against the total shareholder return of the FTSE All-share index. For the year ended 2024, ARB saw a decrease in share price from 8.25p to 3p, a 63.3% decrease. In the same period, FTAS increased from 4,210.00 to 4,467.80, an increase