10 March 2022
Iofina plc
(“Iofina” or the “Company“)
(LSE AIM: IOF)
Director/PDMR Dealing
Iofina plc (AIM: IOF) announces that it received notification on 9 March 2022 that Lance J Baller, Non-Executive Chairman of the Company, purchased 100,000 ordinary shares in the capital of the Company at a price of 17.75 pence per share. Further details are set out in the Notification of Dealing Form below.
Following the purchase, Mr. Baller holds 5,275,000 ordinary shares, representing approximately 2.75 per cent. of the Company’s issued share capital. The shares purchased represent 0.05 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 |
| Non-Executive Chairman | 100,000 | 5,275,000 | 2.75% |
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: +1 859 356 8000
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 speciality chemicals derived from raw iodine, as well as non-iodine based products for over 37 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 | Lance J 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 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 |
100,000 17.75p |
||||
| e) | Date of transaction | 9 March 2022 | ||||
| f) | Place of transaction | London Stock Exchange, AIM Market (XLON) | ||||