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Argo Blockchain PLC Announces Vesting of PSU Award PDMR Dealing

1. Argo Blockchain announces vesting of 2,375,000 shares to CEO Thomas Chippas. 2. Chippas will now own approximately 0.37% of the total issued shares. 3. Company's total shares outstanding will be 640,350,353 after the vesting. 4. This vesting may impact shareholder notifications under FCA rules. 5. Argo is focused on renewable energy-powered cryptocurrency mining.

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FAQ

Why Neutral?

The CEO's share vesting does not directly alter company fundamentals or performance metrics.

How important is it?

While the share vesting is notable, it does not drastically influence financial outlook.

Why Short Term?

The effects of this vesting are likely to be minimal and short-lived.

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Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, announces the vesting of Performance Share Units in respect of 2,375,000 Ordinary Shares of £0.001 ("Ordinary Shares") each on 27 November 2024. These shares were issued as part of Performance Share Unit awards previously granted to Thomas Chippas under the Company's 2022 Equity Incentive Plan.Following this vesting, Thomas Chippas, Chief Executive Officer, will own a total of 2,375,000 Ordinary Shares representing approximately 0.37% of the Company's issued share capital. Following vesting, the Company will have a total of 640,350,353 Ordinary Shares in issue. The above figure may be used by the Company's shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interest in, or a change of their interest in, the Company under the FCA Disclosure Guidance and Transparency Rules.This announcement contains inside information.PDMR notificationNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.1.Details of the person discharging managerial responsibilities / person closely associateda)NameThomas Chippas2.Reason for the Notificationa)Position/statusPDMRb)Initial notification / AmendmentInitial notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameArgo Blockchain PLCb)LEI213800WPCCYSDYY26J544.Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the Financial instrument, type of instrumentPerformance Share UnitsIdentification CodeGB00BZ15CS02b)Nature of the transactionVesting of Performance Share Unitsc)Price(s) and volume(s)Price(s)Volume(s)PSUs - N/A2,375,000 Ordinary Sharesd)Aggregated information:Aggregated volumePriceN/Ae)Date of the transaction27 November 2024f)Place of the TransactionNot on a trading venueFor further information please contact:Argo BlockchainInvestor Relations[email protected]Tennyson SecuritiesCorporate BrokerPeter Krens+44 207 186 9030Fortified SecuritiesJoint BrokerGuy Wheatley, CFA+44 74930989014[email protected]Tancredi Intelligent CommunicationUK & Europe Media Relations[email protected]About Argo:Argo Blockchain plc is a dual-listed (LSE:ARB)(NASDAQ:ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate positive cryptocurrency mining company, and a signatory to the Crypto Climate Accord. For more information, visit www.argoblockchain.com.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.SOURCE: Argo Blockchain PLC

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