14 May 2025
Iofina plc
(“Iofina”, the “Company” or the “Group”)
(AIM: IOF)
Notice of AGM and Proposed Capital Reduction
Iofina plc, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, today announces that its 2025 Annual General Meeting (“AGM”) will take place on Monday, 9 June 2025 at 3:00 p.m. (BST) at the offices of Canaccord Genuity, 88 Wood Street, London EC2V 7QR.
In addition to the routine business customarily undertaken at an annual general meeting, the Company is asking shareholders to consider a specific item of special business at the AGM, namely the Capital Reduction. If approved the Capital Reduction would have the effect of creating distributable reserves and, subject to the financial performance of the Company and the provisions contained in the CA 2006, allow the Company to make distributions of profits by way of dividend and/or to make purchases of its own shares.
In seeking approval of the Capital Reduction, the Company is not indicating any commitment, and has no current intention, to declare dividends or to purchase its own shares, but considers that the Capital Reduction would position it more favourably to do so, as applicable, in the future.
The Capital Reduction is conditional on, inter alia, Shareholder approval at the AGM and approval by the Court. Full information, including timetable and action to be taken by Shareholders regarding the Capital Reduction are set out in the circular accompanying the AGM Notice (the “AGM Circular”).
Unless otherwise stated, defined terms in this announcement are the same as those set out in the AGM Circular.
The AGM Circular and Notice of AGM is being posted to Shareholders and a copy will be made available on the Company’s website.
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +44 (0)20 3006 3135
Nomad & Broker:
Henry Fitzgerald-O’Connor/Harry Rees
Canaccord Genuity Limited
Tel: +44 (0)20 7523 8000
Media Contact:
Charles Goodwin/Shivantha Thambirajah/Zara McKinlay
Yellow Jersey PR Limited
Tel: +44 (0)7747 788 221/+44 (0)7983 521 488
About Iofina:
Iofina plc (AIM: IOF) is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities Iofina Resources and Iofina Chemical.
LEI: 213800QDMFYVRJYYTQ84
ISIN: GB00B2QL5C79
Iofina Resources
Iofina Resources develops, builds, owns, and operates iodine extraction plants using Iofina’s WET® IOsorb® technology. Iofina currently operates seven producing IOsorb® plants in Oklahoma and is consistently using technology and innovation to improve and expand its operations.
Iofina Chemical
Iofina Chemical has manufactured high-quality halogen speciality chemicals derived from raw iodine, as well as non-iodine-based products. Iofina Chemical celebrated its 40th anniversary in 2023 as a preeminent halogen-based specialty chemicals company.