6-K 1 a6758u.htm APPOINTMENT OF CEO AND PDMR NOTIFICATION a6758u

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
 
FORM 6-K
 
_____________________
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
 
For the month of November, 2023
 
Commission File Number: 001-40816
 
_____________________
 
Argo Blockchain plc
(Translation of registrant’s name into English)
_____________________
 
Eastcastle House
27/28 Eastcastle Street
London W1W 8DH
England
(Address of principal executive office)
_____________________
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F             Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
 
 
 
EXHIBIT INDEX
 
Exhibit No.
        1
 
Description
Appointment of CEO and PDMR Notification dated 27 November 2023
 
 
 
 
 
 
Press Release
 
27 November 2023
 
 
Argo Blockchain plc
 
("Argo" or "the Company")
 
Appointment of Chief Executive Officer and PDMR Notification
 
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to announce that it has appointed Thomas Chippas as Chief Executive Officer and Director with immediate effect.
 
Thomas Chippas, most recently the Chief Executive Officer of CBOE Digital and a former member of its Board of Directors, is a New York-based executive with significant experience in digital assets, technology and financial services. He has previously held the positions of Chief Executive Officer of Citadel Technology LLC, Chief Operating Officer of Axoni and Managing Director of Citigroup, Barclays and Deutsche Bank. He also serves as a director of TS Imagine.
 
Argo's chairman, Matthew Shaw said, "We are excited to welcome Tom to the Argo team. Tom is a proven technology and financial leader who will work with the Argo leadership team to drive operational excellence and stakeholder value." Mr. Shaw continued, "This appointment comes at a transformational time and Argo will be well served by Tom's ability to take advantage of the opportunities that lie ahead."      
 
Thomas Chippas said, "I am honored and excited to join Argo. The pace of innovation in the Bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the Bitcoin halving and beyond. Together with the Argo team, I look forward to pursuing the opportunities ahead."
 
In connection with the appointment, the Company has awarded 2,850,000 performance share units relating to the Company's American Depositary Shares ("PSUs") to Thomas Chippas. In accordance with the Company's remuneration policy, which applies to the Company's CEO, the PSUs contain performance conditions relevant to Mr. Chippas' role. The PSUs vest over a three-year period, with first vesting occurring twelve months from the date of grant (at which point up to one-third vest), the second vesting occurring 24 months from the date of grant (at which point up to a further third vest) and the third vesting occurring 36 months from date of grant (at which point up to the final third vest), subject to the continued employment of Mr. Chippas and satisfaction of the performance conditions. If the performance conditions are not satisfied at particular vesting dates, but are subsequently satisfied, the relevant fraction of PSUs will vest.
 
The Board of Directors of the Company intends to grant further PSUs to Mr. Chippas on the first and second anniversary of his appointment subject to the limitations imposed by Argo's shareholder-approved remuneration policy and its authority to allot and issue new securities.
 
This announcement contains inside information.
 
 
PDMR notification
 
Notification 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 associated
 
a)
 
Name
 
Thomas Chippas
 
2.
 
Reason for the Notification
 
a)
 
Position/status
 
PDMR
 
b)
 
Initial notification / Amendment
 
Initial notification
 
3.
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
Argo Blockchain PLC
 
b)
 
LEI
 
213800WPCCYSDYY26J54
 
4.
 
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 conducted
 
a)
 
Description of the Financial instrument, type of instrument
 
PSUs in respect of American Depositary Shares
 
 
Identification Code
 
GB00BZ15CS02
 
b)
 
Nature of the transaction
 
Grant of PSUs in respect of American Depositary Shares
 
c)
 
Price(s) and volume(s)
 
Price(s)
Volume(s)
PSUs - N/A
2,850,000ADS
d)
 
Aggregated information:
Aggregated volume
Price
 
 
N/A
 
e)
 
Date of the transaction
 
27 November 2023
 
f)
 
Place of the Transaction
 
Not on a trading venue
 
 
 
 
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
 
 
 
Salamander Davoudi
 
Helen Humphrey
 
 
 argoblock@tancredigroup.com
 
 
Forward-Looking Statements
 
This announcement contains inside information and includes forward-looking statements which reflect the Company's current views, interpretations, beliefs or expectations with respect to the Company's financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company operates. Statements which include the words "remains confident", "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue", "estimate", "future", "opportunity", "potential" or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties because they relate to events that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause the Company's actual results, prospects and performance to differ materially from those indicated in these statements. In addition, even if the Company's actual results, prospects and performance are consistent with the forward-looking statements contained in this document, those results may not be indicative of results in subsequent periods. These forward-looking statements speak only as of the date of this announcement. Subject to any obligations under the Prospectus Regulation Rules, the Market Abuse Regulation, the Listing Rules and the Disclosure and Transparency Rules and except as required by the FCA, the London Stock Exchange, the City Code or applicable law and regulations, the Company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. For a more complete discussion of factors that could cause our actual results to differ from those described in this announcement, please refer to the filings that Company makes from time to time with the United States Securities and Exchange Commission and the United Kingdom Financial Conduct Authority, including the section entitled "Risk Factors" in the Company's Annual Report on Form 20-F.
 
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.
 
 
 
 
 
 
 
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date: 27 November, 2023
ARGO BLOCKCHAIN PLC
By: /s/ Jim MacCallum
Name: Jim MacCallum
Title: Chief Financial Officer