17 March 2022
Iofina plc
(“Iofina” or the “Company“)
Director/PDMR Dealing
Iofina plc (AIM: IOF) announces that it received notification on 16 March 2022 that Thomas M Becker, Chief Executive Officer and President of the Company, purchased 15,000 ordinary shares in the capital of the Company at a price of 19.99 pence per share, and Lance J Baller, Non-Executive Chairman of the Company, purchased 125,000 ordinary shares in the capital of the Company at a price of 20.50 pence per share.
Further details are set out in the Notification of Dealing Form below.
Dr. Becker now holds 139,430 ordinary shares, representing approximately 0.073 per cent. of the Company’s share capital. The shares purchased by Dr. Becker represent 0.008 per cent. of the Company’s issued share capital.
Mr. Baller now holds 5,500,000 ordinary shares, representing approximately 2.87 per cent. of the Company’s issued share capital. The shares purchased by Mr. Baller represent 0.065 per cent. of the Company’s issued share capital.
| Director/PDMR | Ordinary shares purchased | Resultant interest in ordinary shares | Resultant percentage of issued ordinary shares |
| CEO and President | 15,000 | 139,430 | 0.073% |
| Non-Executive Chairman | 125,000 | 5,500,000 | 2.87% |
This announcement contains inside information for the purposes of Article 11 of the Market Abuse (amendment) (EU exit) Regulations (SI 2019/310).
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +44 (0)20 3006 3135
Christopher Raggett/Tim Harper (Corporate Finance)
Tim Redfern/Barney Hayward (ECM)
finnCap Ltd
Tel: +44 (0)20 7220 0500
Media Contact:
Charles Goodwin/Annabel Atkins
Yellow Jersey PR Limited
Tel: +44 (0)7747 788 221
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 five 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 specialty chemicals derived from raw iodine, as well as non-iodine based products for over 38 years.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 |
Details of the persons discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Thomas M 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 financial instrument, type of instrument
Identification code
|
Ordinary shares of £0.01 each
GB00B2QL5C79 |
||||
| b) | Nature of the transaction |
Purchase of ordinary shares |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information
– Aggregated volume
– Price
|
15,000
19.99p |
||||
| e) |
Date of transaction |
16 March 2022 | ||||
| f) |
Place of transaction |
London Stock Exchange, AIM Market (XLON) | ||||
| 1 |
Details of the persons discharging managerial responsibilities / person closely associated |
|||||
| a) |
Name |
Lance J Baller | ||||
| 2 |
Reason for the notification |
|||||
| a) |
Position/Status |
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 financial instrument, type of instrument
Identification code
|
Ordinary shares of £0.01 each
GB00B2QL5C79 |
||||
| b) | Nature of the transaction |
Purchase of ordinary shares |
||||
| c) |
Price(s) and volume(s) |
|
||||
| d) |
Aggregated information
– Aggregated volume
– Price |
125,000
20.50p |
||||
| e) |
Date of transaction |
16 March 2022 |
||||
| f) |
Place of transaction |
London Stock Exchange, AIM Market (XLON) |
||||