Argo Blockchain Plc, Re

Argo Blockchain Plc, Re

The court is satisfied that the jurisdictional gateways under Part 26A Companies Act 2006 are met, the proposed class constitution for meetings is appropriate, adequate notice has been given, and there are no discernible roadblocks or futility in proceeding. Three class meetings (Growler, Noteholders, Shareholders) are ordered to be convened to consider the restructuring plan.

Parties
Applicant: Argo Blockchain Plc; Supporting Creditor: Growler Mining Tuscaloosa LLC; Retail Advocate: Jonathan Yorke
Jurisdiction
England and Wales
Judgment Date
01 September 2026
Procedural Posture
Restructuring Plan Convening Hearing / Pre Sanction, Order for Convening Meetings
Outcome
Order for convening meetings granted
Legal Topics
Restructuring Plan, Creditor Meetings, Class Constitution, Jurisdiction, Notice Requirements, International Recognition
Insolvency Company Law Restructuring Restructuring Plan Creditor Meetings Class Constitution Jurisdiction Notice Requirements +1 more

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Parties

Argo Blockchain Plc

Applicant

Growler Mining Tuscaloosa LLC

Supporting Creditor

Jonathan Yorke

Retail Advocate

Procedural Posture

Restructuring Plan Convening Hearing / Pre Sanction, Order for Convening Meetings

Legal Issues

  1. 1 Whether the jurisdictional requirements under Part 26A Companies Act 2006 are satisfied
  2. 2 Whether class constitution for creditor and shareholder meetings is appropriate
  3. 3 Adequacy of notice and explanatory documentation

Ratio Decidendi

The court is satisfied that the jurisdictional gateways under Part 26A Companies Act 2006 are met, the proposed class constitution for meetings is appropriate, adequate notice has been given, and there are no discernible roadblocks or futility in proceeding. Three class meetings (Growler, Noteholders, Shareholders) are ordered to be convened to consider the restructuring plan.

Court Disposition

Order for convening meetings granted

Orders

  • Three class meetings (Growler, Noteholders, Shareholders) to be convened to consider the restructuring plan
  • Distribution of Explanatory Statement and Plan Documents to plan participants