AIM Rule 26

This section of the website contains information required to be disclosed by rule 26 of the AIM Rules for Companies. The Company does not intend documents posted or referred to in this section of the website to be used for any purpose beyond fulfilling its obligations under rule 26.

Any such documents may contain information which has become out of date, and accordingly no reliance should be placed on the information or opinions contained in any such document or on its completeness and no undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Company or any of its directors, officers, partners, employees, agents or advisers or any other person as to the accuracy or completeness of the information or opinions contained in any such document and no responsibility or liability is accepted by any of them for any such information or opinions. In addition, none of such documents constitutes or forms part of, any offer or invitation to sell, allot or issue or any solicitation of any offer to purchase or subscribe for any securities, nor shall it (or any part of it) or the fact of its publication form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment for securities. The distribution of any such document in other jurisdictions may be restricted by law and therefore persons into whose possession any such document comes should inform themselves about and observe any restriction.

This page was last updated: 26 June 2017

Corporate Governance

The Directors acknowledge the importance of the Combined Code and comply with its principles so far as is practicable and appropriate given the size and constitution of the board.

The Group also complies with the principles of the Corporate Governance Guidelines for AIM Companies published by the Quoted Companies Alliance in 2005.

The Board has established audit and remuneration committees.

The audit committee receives and reviews reports from the management and the external auditors of the Group relating to the annual and interim accounts and the accounting and internal control systems of the Group. The audit committee has unrestricted access to the Group's external auditors. The remuneration committee sets and reviews the scale and structure of the Executive Directors' and senior management's remuneration and the terms of their service contracts with due regard to the interests of shareholders.

The remuneration and terms and conditions of appointment of the Non-Executive Directors are set by the board. No director or member of the senior management is permitted to participate in discussions or decisions concerning his own remuneration.

The Company has adopted a model code for dealing in Ordinary Shares by Directors and employees which is appropriate for an AIM-quoted company

1. BUSINESS DESCRIPTION

A description of Iofina's business can be accessed here

2. COMPANY’S DIRECTORS

The names and brief biographical details of Iofina’s directors can be accessed here

3. CORPORATE GOVERNANCE

A brief description of the responsibilities of the members of the board of directors, the corporate governance committees and the executive committee, together with their terms of reference can be accessed here

4. INCORPORATION

Iofina plc is a company incorporated in England and Wales under the Companies Act 1985 with company no. 05393357.

The address of the registered office is:
200 Strand
London WC2R 1DJ
(c/o Kerman & Co.; Attn: Simon Holden)

The nature of the group’s operations and its principal activity is exploration, development and production of iodine and natural gas principally in the United States of America.

5. CONSTITUTIONAL DOCUMENTS

A copy of the Company’s articles of association can be accessed here

6. SHARES IN ISSUE

As at 31 March 2017, Iofina had in issue 127,569,398 ordinary shares of 1 pence each in the Company (“Ordinary Shares”). No shares are held in treasury. In so far as the Company is aware, the percentage of Ordinary Shares not in public hands was 11.3%

7. MAJOR SHAREHOLDING

The Company is aware of the following shareholders holding 3% or more of the issued share capital of the Company:

Shareholder Percentage
Luna Nominees Limited (2252340 Acct) (1) 7.8%
Hargreaves Lansdown (Nominees) Limited (HLNOM Acct) 7.1%
Vidacos Nominees Limited (2701 Acct) 6.1%
TD Direct Investing Nominees Europe Limited (SMKTNOMS Acct) 5.0%
Barclayshare Nominees Limited 5.0%
Hargreaves Lansdown (Nominees) Limited (VRA Acct) 4.0%
Hargreaves Lansdown (Nominees) Limited (15942 Acct) 3.9%
Directors (2) 3.5%
Hargreaves Hale Nominees Limited (LON Acct) 3.4%

(1) Stena Investments is the beneficial owner of 9,900,000 ordinary shares in the Company, representing 7.8 per cent of the Company's issued share capital

(2) Mr. Lance J Baller is the beneficial owner of 4,500,000 ordinary shares in the Company, representing 3.54 per cent of the Company's issued share capital.

8. SHARE RESTRICTIONS

There are no restrictions on the transfer of Iofina’s shares.

9. EXCHANGE/TRADING PLATFORMS

The securities of Iofina are traded on the AIM market operated by the London Stock Exchange plc.

Its shares have not been admitted, nor have any applications been made, for any of its shares to be admitted or traded on any other exchanges or trading platform.

10. FINANCIAL REPORTS

All published annual reports and interim reports can be accessed here

11. ALL NOTIFICATIONS MADE BY US IN THE LAST 12 MONTHS

A copy of the Company’s last 12 months of press releases can be accessed here

12. ADMISSION DOCUMENT

A copy of the Company’s admission document dated 2 May 2008, can be accessed here

13. ADVISORS

A list of the Company’s advisors can be accessed here

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