Argo Blockchain PLC Announces Vesting of PSU Award PDMR Dealing
Rhea-AI Summary
Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) announced the vesting of Performance Share Units (PSUs) for 2,375,000 Ordinary Shares to CEO Thomas Chippas under the Company's 2022 Equity Incentive Plan. Following this vesting on November 27, 2024, Chippas will own approximately 0.37% of the company's issued share capital. The company's total Ordinary Shares in issue will be 640,350,353, which shareholders can use as the denominator for calculating their interest notifications under FCA Disclosure Guidelines.
Positive
- None.
Negative
- Share dilution through PSU vesting of 2,375,000 new shares
News Market Reaction
On the day this news was published, ARBK gained 1.82%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, ENGLAND / ACCESSWIRE / November 29, 2024 / 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
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 | Performance Share Units | ||||
| Identification Code | GB00BZ15CS02 | ||||
b) | Nature of the transaction | Vesting of Performance Share Units | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: Aggregated volume Price | N/A | ||||
e) | Date of the transaction | 27 November 2024 | ||||
f) | Place of the Transaction | Not on a trading venue | ||||
For further information please contact:
Argo Blockchain |
|
Investor Relations | ir@argoblockchain.com |
Tennyson Securities |
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Corporate Broker Peter Krens | +44 207 186 9030 |
Fortified Securities |
|
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 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 rns@lseg.com or visit www.rns.com.
SOURCE: Argo Blockchain PLC
View the original press release on accesswire.com
FAQ
How many Performance Share Units (PSUs) vested for Argo Blockchain (ARBK) CEO in November 2024?
What percentage of Argo Blockchain (ARBK) shares will CEO Thomas Chippas own after the PSU vesting?
What is the total number of Ordinary Shares in issue for Argo Blockchain (ARBK) after the November 2024 PSU vesting?
