Argo Blockchain PLC Announces Result of Annual General Meeting

*LONDON, ENGLAND / ACCESSWIRE / June 29, 2022 /* Argo Blockchain plc, (LSE:ARB; NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce the results of the Company's annual general meeting held today, 29 June 2022.

A poll was held on each of the resolutions and all of the resolutions were passed by the required majority. Resolutions 1 to 10 (inclusive) were passed as ordinary resolutions and resolutions 11 to 14 (inclusive) were passed as special resolutions. The results of the poll were as follows:

*Resolutions*

*For*

*Against*

*Total Votes*

*% of ISC Voted*

*Votes Withheld*

Votes

%

Votes

%

*Ordinary Resolutions*

1. To receive the Annual Report and Accounts 76,171,632

99.45%

424,304

0.55%

76,595,936

16.05%

471,341

2. To approve the Directors' Remuneration Report 56,894,073

74.23%

19,755,303

25.77%

76,649,376

16.07%

417,901

3. To re-appoint Alex Appleton as a director of the Company 72,021,242

93.99%

4,601,570

6.01%

76,622,812

16.06%

444,465

4. To re-appoint Sarah Gow as a director of the Company 67,461,572

88.03%

9,169,259

11.97%

76,630,831

16.06%

436,446

5. To re-appoint Maria Perrella as a director of the Company 67,478,115

88.06%

9,151,696

11.94%

76,629,811

16.06%

437,466

6. To re-appoint Raghav Chopra as a director of the Company 74,845,245

97.67%

1,788,257

2.33%

76,633,502

16.06%

433,775

7. To re-appoint PKF Littlejohn as auditors of the Company 75,922,291

98.98%

779,536

1.02%

76,701,827

16.08%

365,450

8. To authorise the directors to determine the auditor's remuneration 75,843,592

98.91%

838,555

1.09%

76,682,147

16.07%

385,250

9. To approve the 2022 Equity Incentive Plan 54,754,888

71.47%

21,853,939

28.53%

76,608,827

16.06%

458,450

10. Authority to allot shares 73,772,816

96.21%

2,905,598

3.79%

76,678,414

16.07%

388,863

*Special Resolutions*

11. General authority to disapply pre-emption rights 75,111,150

98.17%

1,403,399

1.83%

76,514,549

16.04%

552,728

12. Additional authority to disapply pre-emption rights 74,576,697

97.51%

1,903,319

2.49%

76,480,016

16.03%

587,261

13. Notice of general meetings 72,385,655

94.30%

4,373,926

5.70%

76,759,581

16.09%

307,696

14. Authority to purchase own shares 76,100,181

99.13%

668,540

0.87%

76,768,721

16.09%

298,556

The Board is pleased that Resolution 2 (Directors Remuneration Report) and Resolution 9 (Equity Incentive Plan) were passed with significant majorities, but notes the votes against these resolutions. In accordance with the QCA Corporate Governance Code, the Board will continue its engagement with shareholders to discuss their concerns on the above resolutions.

For further information please contact:

*Argo Blockchain*


*Peter Wall*

Chief Executive

*via Tancredi +44 203 434 2334*

*finnCap Ltd*


Corporate Finance

*Jonny Franklin-Adams*

*Tim Harper*

Joint Corporate Broker

*Sunila de Silva*

*+44 207 220 0500*

*Tennyson Securities*


Joint Corporate Broker

*Peter Krens*

*+44 207 186 9030*

*OTC Markets*


*Jonathan Dickson*

jonathan@otcmarkets.com

*+44 204 526 4581*

*+44 7731 815 896*

*Tancredi Intelligent Communication*

UK & Europe Media Relations


*Emma Valgimigli*

*Fabio Galloni-Roversi Monaco*

*Nasser Al-Sayed*

argoblock@tancredigroup.com

*+44 7727 180 873*

*+44 7888 672 701*

*+44 7915 033 739*

*About Argo:*

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With its flagship mining facility 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. Argo also participates in several Web 3.0, DeFi and GameFi projects through its Argo Labs division, further contributing to its business operations, as well as the development of the cryptocurrency markets. For more information, visit www.argoblockchain.com.

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*SOURCE:* Argo Blockchain PLC
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