Argo Blockchain PLC Announces PDMR Dealing
Rhea-AI Summary
Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) has announced significant insider buying activity by Jim MacCallum, the company's Interim Chief Executive Officer and Chief Financial Officer. Between January 29-30, 2025, MacCallum purchased a total of 75,000 American Depositary Receipts (ADRs) in three separate transactions:
- 25,000 ADRs at US $0.4550 per ADR
- 25,000 ADRs at US $0.4600 per ADR
- 25,000 ADRs at US $0.4700 per ADR
The aggregate weighted average price was US $0.4617 per ADR, representing a total investment of approximately US $34,627.50.
Positive
- Significant insider buying by CEO/CFO (75,000 ADRs) demonstrates management confidence
- Multiple purchases at incrementally higher prices suggests bullish sentiment
Negative
- None.
News Market Reaction
On the day this news was published, ARBK gained 1.93%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, ENGLAND / ACCESS Newswire / February 3, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) announces that between 29 and 30 January 2025, Jim MacCallum, the Company's Interim Chief Executive Officer and Chief Financial Officer, purchased American Depositary Receipts representing the Company's ordinary shares ("ADRs"):
PDMR / Person closely associated | Purchased | Weighted average price per Ordinary Share/ADR |
Jim MacCallum | 25,000 ADRs | US |
Jim MacCallum | 25,000 ADRs | US |
Jim MacCallum | 25,000 ADRs | US |
This announcement contains inside information.
PDMR notification
Share Purchase
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 | Jim MacCallum | ||||
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 | American Depositary Receipts representing the Company's ordinary shares ("ADRs"): | ||||
| Identification Code | US0401261047 | ||||
b) | Nature of the transaction | Purchase of ADRs | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price | 75,000 ADRs US | ||||
e) | Date of the transaction | 29 and 30 January 2025 | ||||
f) | Place of the Transaction | NASDAQ | ||||
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For further information please contact:
Argo Blockchain |
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Investor Relations | ir@argoblockchain.com |
Tennyson Securities |
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Corporate Broker Peter Krens | +44 207 186 9030 |
Fortified Securities |
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Joint Broker Guy Wheatley, CFA | +44 74930989014 |
Tancredi Intelligent Communication UK & Europe Media Relations |
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, mining operations in Tennessee, 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 rns@lseg.com or visit www.rns.com.
SOURCE: Argo Blockchain PLC
View the original press release on ACCESS Newswire
FAQ
How many ADRs did Argo Blockchain's (ARBK) CEO purchase in January 2025?
What was the average price paid for ARBK ADRs in the insider purchase?
When did the ARBK insider trading activity occur?
What is the total value of the ARBK insider purchase?
