Argo Blockchain Launches Court-Backed Restructuring Plan Under UK Companies Act

Reuters2025-12-18
Argo Blockchain Launches Court-Backed Restructuring Plan Under UK Companies Act

Argo Blockchain plc has proposed a restructuring plan under Part 26A of the Companies Act 2006, involving certain creditors and registered members of the company as plan participants. The High Court of Justice, Business and Property Courts of England and Wales, has issued an order in connection with the restructuring process, with no order as to costs. Fladgate LLP is serving as the legal representative, and notices related to the plan will be provided to stakeholders as specified in the restructuring plan. The plan outlines procedures for effectiveness, issuance of new ordinary shares, and other key steps, with governing law and jurisdiction set in England and Wales.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Argo Blockchain plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-122223), on December 18, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment