Argo Blockchain PLC Announces TR-1 Standard Notification of Major Holdings

Rhea-AI Summary

Argo Blockchain PLC (ARBK) has announced a significant change in its major holdings. Armistice Capital , based in New York, USA, has acquired a 9.067306% stake in the company, representing 57,700,000 voting rights. This threshold was crossed on July 31, 2024, and the issuer was notified on August 1, 2024. Additionally, Armistice Capital holds 57,800,000 warrant shares with the right to subscribe to an equal number of unissued shares, subject to a 4.99% blocker. The notification was made in compliance with the TR-1 standard form for major holdings disclosure, as required by the UK Financial Conduct Authority.

Positive

• Armistice Capital acquired a 9.067306% stake in Argo Blockchain
• The investment represents 57,700,000 voting rights in the company
• Armistice Capital also holds 57,800,000 warrant shares for potential future ownership increase

Negative

• None.

LONDON, ENGLAND / ACCESSWIRE / August 5, 2024 / TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			ARGO BLOCKCHAIN PLC ISIN: GB00BZ15CS02
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
UK
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments						X
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Armistice Capital LLC
City and country of registered office (if applicable)			New York, United States of America
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			31-Jul-2024
6. Date on which issuer notified (DD/MM/YYYY):			01-Aug-2024
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	9.067306	0.000000		9.067306	57700000
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
GB00BZ15CS02				57700000					9.067306
SUBTOTAL 8. A		57700000					9.067306%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)					X
Name	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Steven Boyd	Armistice Capital, LLC	0.000000	0.000000	0.000000%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information
Note that on 31 July 2024, the Fund also held 57,800,000 warrant shares giving the right to subscribe to 57,800,000 unissued shares of the Company (with a 4.99% blocker).

Place of completion	Paris, France
Date of completion	01-Aug-2024

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SOURCE: Argo Blockchain PLC

View the original press release on accesswire.com

FAQ

What percentage stake did Armistice Capital acquire in Argo Blockchain (ARBK)?

Armistice Capital acquired a 9.067306% stake in Argo Blockchain (ARBK).

How many voting rights does Armistice Capital hold in Argo Blockchain (ARBK)?

Armistice Capital holds 57,700,000 voting rights in Argo Blockchain (ARBK).

When did Armistice Capital cross the threshold for major holdings in Argo Blockchain (ARBK)?

Armistice Capital crossed the threshold for major holdings in Argo Blockchain (ARBK) on July 31, 2024.

Does Armistice Capital hold any additional financial instruments in Argo Blockchain (ARBK)?

Yes, Armistice Capital holds 57,800,000 warrant shares giving the right to subscribe to 57,800,000 unissued shares of Argo Blockchain (ARBK), subject to a 4.99% blocker.