REG - Iofina PLC - Capital Reduction

IofinaAnnouncement

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RNS Number : 2544Q  Iofina PLC  09 July 2025

9 July 2025

 

Iofina plc

("Iofina" or the "Company")

(AIM: IOF)

 

Capital Reduction

Iofina plc (the "Company"), specialists in the exploration and production of
iodine and manufacturers of specialty chemical products, is pleased to
announce that the reduction of share capital of the Company pursuant to
section 648 of the Companies Act 2006, comprised of the cancellation of the
Company's share premium account as at 31 December 2024 (the "Capital
Reduction"), as approved by shareholders at the Annual General Meeting on 9
June 2025, was sanctioned by the High Court of England and Wales (the "High
Court").

The effect of the Capital Reduction is to create distributable reserves.

The order of the High Court confirming the Capital Reduction, and the
statement of capital approved by the High Court in connection therewith, will
be sent to the Registrar of Companies. The Capital Reduction will become
effective upon the registration of the High Court order by the Registrar of
Companies, which is expected to take place soon.

The Company confirms that, following the Capital Reduction, the issued share
capital of the Company remains at 191,858,408 ordinary shares of £0.01 each.
The total number of voting rights in the Company also remains at 191,858,408.

Tom Becker, CEO & President, stated:

"I am pleased the Capital Reduction is now essentially complete, and
accordingly, we have changed the retained deficit on the Company's balance
sheet of approximately US$24.9m into a US$35.8m surplus. The Board looks
forward to continuing with its efforts to position the Company as strongly as
possible and will continue to have a disciplined approach to its capital
allocation policy going forward."

Enquiries:

Iofina plc

Dr. Tom Becker

CEO & President

Tel: +44 (0)20 3006 3135

 

Nomad & Broker:

Canaccord Genuity Limited

Henry Fitzgerald-O'Connor/Bobbie Hilliam/Harry Rees

Tel: +44 (0)20 7523 8000

 

Media Contact:

Yellow Jersey PR Limited

Charles Goodwin/Shivantha Thambirajah/Zara McKinlay

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 six
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 40(th) anniversary in 2023 as a preeminent
halogen-based specialty chemicals company.

 

www.iofina.com (http://www.iofina.com/)

 

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