Share Name Share Symbol Market Type Share ISIN Share Description
Iofina Plc NEX:IOF.GB NEX Ordinary Share GB00B2QL5C79
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.30 1.3% 23.45 22.30 25.30 23.45 23.15 23.15 42,000 10:02:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Iofina PLC Result of AGM and Open Offer

13/06/2019 12:00pm

UK Regulatory (RNS & others)


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TIDMIOF

RNS Number : 1239C

Iofina PLC

13 June 2019

THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014.

13 June 2019

Iofina plc

("Iofina", the "Group", or the "Company")

(LSE AIM: IOF)

Result of Annual General Meeting

Result of Open Offer

Total Voting Rights

Director/PDMR Shareholding

Iofina, specialists in the exploration and production of iodine and manufacturers of high quality specialty chemical products, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed.

In addition, the Company announces the result of its Open Offer to raise up to GBP2.04 million which was announced on 20 May 2019. The Company received valid acceptances from qualifying shareholders in respect of 9,464,655 Open Offer Shares representing 74.19 per cent. of the total number of Open Offer Shares available. All acceptances will therefore be satisfied in full. As a result, a total of 9,464,655 Open Offer Shares will be issued to those qualifying shareholders that participated in the Open Offer, resulting in gross proceeds thereunder of approximately GBP1.5 million.

Accordingly, it is expected that admission of the 33,804,375 Placing Shares, 570,625 Subscription Shares, the 9,464,655 Open Offer Shares and 20,449,355 Debt for Equity Shares will become effective at 8.00 a.m. on 14 June 2019 ("Admission").

On Admission, the Company will have 191,858,408 Ordinary Shares in issue and there are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares with voting rights is 191,858,408.

The figure of 191,858,408 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Directors' shareholdings

Iofina is pleased to confirm the participation of the Directors, in the Fundraising, resulting in the issue of the Subscription Shares. Their participation and resulting shareholdings are shown below:

 
 Director            Number of Subscription      Resultant number   Percentage of 
                          Shares subscribed    of Ordinary Shares    issued share 
                                        for                          capital held 
 Lance Baller                       312,500             4,812,500           2.51% 
 Thomas Becker                       93,750                93,750           0.05% 
 Malcolm Lewin                       93,750                93,750           0.05% 
 William Bellamy                     46,875                46,875           0.02% 
 J. Frank Mermoud                    23,750                23,750           0.01% 
 

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Company's announcement made at 7:00 a.m. on 20 May 2019.

Enquiries:

Dr. Tom Becker, CEO & President

Iofina plc

Tel: +44 (0)20 3006 3135

Christopher Raggett/Giles Rolls/Matthew Radley (corporate finance)

Camille Gochez (ECM)

finnCap Ltd

Tel: +44 (0)20 7220 0500

Media Contact:

Charles Goodwin/Harriet Jackson

Yellow Jersey PR Limited

Tel: +44 (0)7544 275 882

About Iofina:

Iofina specialises in the exploration and production of iodine, and manufacturing of specialty chemical compounds. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America, based on Iofina's WET(R) IOsorb(R) technology. Iofina has production operations in the United States, specifically in Kentucky and Oklahoma. It is a vertically integrated company, covering the process from the production of iodine in the field, to the manufacture of the chemical end-products derived from iodine, supplying them to the consumer, and the recycling of iodine using iodinated side-streams from waste chemical processes. Additionally, Iofina utilises its expertise in specialty chemical manufacturing to produce non-iodine based products as well. Iofina utilises its portfolio of patented and patent-pending technology, and proprietary methods and trademarks throughout all business lines.

www.iofina.com

 
            1    Details of the person discharging managerial responsibilities 
                  ("PDMR") / person closely associated ("PCA") 
 a)              Name                             Lance Baller 
                -------------------------------  ---------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  PDMR - Non-Executive Chairman 
                -------------------------------  ---------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ---------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------- 
 a)              Name                             Iofina plc 
                -------------------------------  ---------------------------------- 
 b)              LEI                              213800QDMFYVRJYYTQ84 
                -------------------------------  ---------------------------------- 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                ------------------------------------------------------------------- 
 a)              Description of the               Ordinary Shares of 1 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00B2QL5C79 
                -------------------------------  ---------------------------------- 
 b)              Nature of the transaction        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    16p        312,500 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)                   Aggregated information:      312,500 
                        *    Aggregated volume      GBP50,000 
 
 
 
                        *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          14 June 2019 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  ("PDMR") / person closely associated ("PCA") 
 a)              Name                             Thomas Becker 
                -------------------------------  ----------------------------------- 
            2.   Reason for the Notification 
                -------------------------------------------------------------------- 
 a)              Position/status                  PDMR - Chief Executive Officer and 
                                                   President 
                -------------------------------  ----------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ----------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                -------------------------------------------------------------------- 
 a)              Name                             Iofina plc 
                -------------------------------  ----------------------------------- 
 b)              LEI                              213800QDMFYVRJYYTQ84 
                -------------------------------  ----------------------------------- 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                -------------------------------------------------------------------- 
 a)              Description of the               Ordinary Shares of 1 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00B2QL5C79 
                -------------------------------  ----------------------------------- 
 b)              Nature of the transaction        Purchase of Ordinary Shares 
                -------------------------------  ----------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    16p        93,750 
                                                              ---------- 
                -------------------------------  ----------------------------------- 
 d)                   Aggregated information:      93,750 
                        *    Aggregated volume      GBP15,000 
 
 
 
                        *    Price 
                -------------------------------  ----------------------------------- 
 e)              Date of the transaction          14 June 2019 
                -------------------------------  ----------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ----------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  ("PDMR") / person closely associated ("PCA") 
 a)              Name                             Malcolm Lewin 
                -------------------------------  ---------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  PDMR - Chief Financial Officer 
                -------------------------------  ---------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ---------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------- 
 a)              Name                             Iofina plc 
                -------------------------------  ---------------------------------- 
 b)              LEI                              213800QDMFYVRJYYTQ84 
                -------------------------------  ---------------------------------- 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                ------------------------------------------------------------------- 
 a)              Description of the               Ordinary Shares of 1 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00B2QL5C79 
                -------------------------------  ---------------------------------- 
 b)              Nature of the transaction        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    16p        93,750 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)                   Aggregated information:      93,750 
                        *    Aggregated volume      GBP15,000 
 
 
 
                        *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          14 June 2019 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  ("PDMR") / person closely associated ("PCA") 
 a)              Name                             William Bellamy 
                -------------------------------  ---------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  PDMR - Non-Executive Director 
                -------------------------------  ---------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ---------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------- 
 a)              Name                             Iofina plc 
                -------------------------------  ---------------------------------- 
 b)              LEI                              213800QDMFYVRJYYTQ84 
                -------------------------------  ---------------------------------- 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                ------------------------------------------------------------------- 
 a)              Description of the               Ordinary Shares of 1 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00B2QL5C79 
                -------------------------------  ---------------------------------- 
 b)              Nature of the transaction        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    16p        46,875 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)                   Aggregated information:      46,875 
                        *    Aggregated volume      GBP7,500 
 
 
 
                        *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          14 June 2019 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  ("PDMR") / person closely associated ("PCA") 
 a)              Name                             J. Frank Mermoud 
                -------------------------------  ---------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  PDMR - Non-Executive Director 
                -------------------------------  ---------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ---------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------- 
 a)              Name                             Iofina plc 
                -------------------------------  ---------------------------------- 
 b)              LEI                              213800QDMFYVRJYYTQ84 
                -------------------------------  ---------------------------------- 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                ------------------------------------------------------------------- 
 a)              Description of the               Ordinary Shares of 1 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00B2QL5C79 
                -------------------------------  ---------------------------------- 
 b)              Nature of the transaction        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    16p        23,750 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)                   Aggregated information:      23,750 
                        *    Aggregated volume      GBP3,800 
 
 
 
                        *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          14 June 2019 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 13, 2019 07:00 ET (11:00 GMT)

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