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LONDON - Argo Blockchain plc (LSE:ARB) announced that shareholders and creditors have approved its proposed restructuring plan during meetings held on December 2, 2025, according to a press release issued Wednesday.
The restructuring plan, proposed under Part 26A of the Companies Act 2006, received the necessary support across all three voting classes. Shareholders approved the plan with 81.70% of votes in favor, while both noteholders holding the company’s 8.75% Senior Notes due 2026 (ticker ARBKL) and secured lender Growler Mining Tuscaloosa, LLC voted unanimously in favor.
At a separate general meeting, shareholders also approved a conditional waiver granted by the Takeover Panel regarding obligations that would otherwise arise for Growler under Rule 9 of the Takeover Code. This resolution passed with 77.03% of votes in favor, representing 15,596,847 shares, while 22.97% voted against and 3,528,166 votes were withheld.
The restructuring plan still requires court approval, with a sanction hearing scheduled for December 8, 2025, at 10:30 a.m. at the High Court of Justice, Business and Property Courts of England and Wales.
The company stated that the restructuring plan has been structured to utilize exemptions from registration under the U.S. Securities Act of 1933 for securities expected to be issued under the plan.
Documents related to the restructuring plan are available on a dedicated website managed by Kroll.
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