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Argo files High Court bundles to progress Part 26A plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Argo Blockchain plc advanced its recapitalisation efforts by filing court bundles with the High Court of Justice in London to support its restructuring plan under Part 26A of the Companies Act 2006. This follows the prior filing of a claim form related to the plan.

The plan is intended to be structured so the Company can rely on the U.S. Securities Act Section 3(a)(10) exemption and other available exemptions for securities expected to be issued under the plan. Copies of the court bundles are available to Plan Participants via argo@is.kroll.com or argo@fladgate.com.

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Insights

Process step: UK court filings advance Part 26A plan using 3(a)(10).

Argo Blockchain is progressing a Part 26A UK restructuring, having filed a claim form and court bundles with the High Court. Part 26A enables a court-sanctioned plan across creditor classes, which can facilitate balance sheet changes when approved.

The Company states the plan will be structured to rely on Section 3(a)(10), a U.S. exemption that permits issuing securities without SEC registration when a court approves the fairness of the exchange. This signals potential issuance of securities as part of the plan.

Next milestones typically hinge on court hearings and class approvals. Actual impact will depend on the plan terms and any court-sanctioned distributions of securities. Plan Participants can request bundles via the listed emails for details.

 
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 October, 2025
 
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
Update on Restructuring Plan Process dated 31 October 2025
 
 
 
Press Release
 
31 October 2025
 
 
Argo Blockchain plc
 
("Argo" or "the Company")
 
Update on Restructuring Plan Process
 
As previously announced by Argo, the Company is undertaking a recapitalisation by way of a restructuring plan under Part 26A of the Companies Act 2006 (the "Restructuring Plan"). 
 
As announced yesterday, Argo filed with the High Court of Justice in London a claim form relating to the Restructuring Plan.
 
Today, Argo has filed with the High Court the court bundles to accompany the claim form.
 
Copies of the court bundles are available to Plan Participants upon request to argo@is.kroll.com or argo@fladgate.com.
 
The Restructuring Plan will be structured to enable the Company to rely on the exemption provided by Section 3(a)(10) of the U.S. Securities Act of 1933, as amended, and certain other available exemptions under the U.S. Securities Act of 1933 and applicable state securities laws, in each case with respect to securities expected to be issued under the plan.
 
For further information please contact:
 
Argo Blockchain
 
Investor Relations
ir@argoblockchain.com
Information Agent - Kroll Issuer Services
argo@is.kroll.com
 
 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 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.
 
Forward looking statements
 
This announcement contains "forward-looking statements," which can be identified by words like "may," "will," "likely," "should," "expect," "anticipate," "future," "plan," "believe," "intend," "goal," "seek," "estimate," "project," "continue" and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. The information in this announcement about future plans and objectives of the Company are forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements include, market and other conditions, the principal risks and uncertainties listed in the risk factors set forth in our Annual Report and Financial Statements and Form 20-F for the year ended 31 December 2024.
 
 
 
 
 
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: 31 October, 2025
ARGO BLOCKCHAIN PLC
By: /s/ Justin Nolan
Name: Justin Nolan
Title: Chief Executive Officer
 
 
 

FAQ

What action did ARBK take regarding its restructuring plan?

Argo filed court bundles with the High Court of Justice in London to support its Part 26A restructuring plan, following a claim form filing.

What legal framework is Argo Blockchain (ARBK) using for its recapitalisation?

The Company is pursuing a restructuring plan under Part 26A of the Companies Act 2006.

How will Argo handle U.S. securities law for plan-related securities?

The plan will be structured to rely on Section 3(a)(10) of the U.S. Securities Act and other available exemptions for securities expected to be issued.

How can Plan Participants access the court bundles for Argo’s plan?

Copies are available upon request via argo@is.kroll.com or argo@fladgate.com.

Where is Argo Blockchain listed?

Argo is dual-listed on the London Stock Exchange (LSE: ARB) and NASDAQ (NASDAQ: ARBK).

What business does Argo Blockchain operate?

Argo is a blockchain technology company focused on large-scale cryptocurrency mining with operations powered predominantly by renewable energy.
Argo Blockchain Plc

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