Argo Blockchain's Block Listing on London Stock Exchange: A Comprehensive Guide

Introduction

Argo Blockchain PLC, a leading cryptocurrency mining company, has announced a significant development. The company has submitted a block listing application to the London Stock Exchange (LSE).

What is a Block Listing?

A block listing is a unique method of listing shares on a stock exchange, typically used for large or strategic transactions. It allows a company to list a significant number of shares at a fixed price and is often used to raise capital.

Details of Argo's Block Listing

Key details of Argo's block listing are as follows:

• Number of Shares: 10,000,000 ordinary shares
• Listing Price: £84.00 per share
• Listing Date: Expected in early 2023

Benefits of the Block Listing

Argo's block listing is expected to provide several benefits, including:

• Increased Capital: The listing will allow Argo to raise additional capital to fund its growth plans.
• Enhanced Liquidity: The listing will improve the liquidity of Argo's shares, making them more readily available for trading.
• Credibility and Recognition: The listing on the prestigious LSE is a testament to Argo's credibility and financial strength.

Warrants Issuance

In addition to the block listing, Argo has announced the issuance of warrants. Warrants are tradable financial instruments that provide the holder with the right to purchase shares at a specific price within a certain period.

The warrants associated with Argo's block listing have the following features:

• Exercise Price: £120.00 per share
• Expiration Date: 2028

Conclusion

Argo Blockchain's block listing on the London Stock Exchange is a significant development for the company. It will provide Argo with increased capital, enhanced liquidity, and increased credibility in the financial markets.

The block listing, along with the issuance of warrants, positions Argo well for continued growth and success in the cryptocurrency mining sector.

Argo's listing is expected to attract significant interest from investors looking to gain exposure to the growing cryptocurrency industry.