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 [email protected] or [email protected].
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.
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 http://www.argoblockchain.com.
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