By Jaime Llinares Taboada
Argo Blockchain PLC on Monday disclosed that its shareholders rejected the company’s new equity incentive plan.
A resolution to approve the plan only received 33.30% of shareholder support at the annual meeting, the cryptocurrency miner said.
All other resolutions were passed but also received some shareholder opposition. A proposal to waiver pre-emption rights was passed with 75.55% of support, a request for authority to allot shares received 78.38%, and the company’s remuneration policy got 76.76% of support.
Shares at 1417 GMT were up 3.6% at 145 pence.
Write to Jaime Llinares Taboada at firstname.lastname@example.org; @JaimeLlinaresT
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