REG - Iofina PLC - Grant of Share Options
09/03/2022 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220309:nRSI1610Ea&default-theme=true
RNS Number : 1610E Iofina PLC 09 March 2022
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014
9 March 2022
Iofina plc
("Iofina" or the "Company")
(LSE AIM: IOF)
Grant of Share Options
Iofina plc, specialists in the exploration and production of iodine and
manufacturers of specialty chemical products, announces that it has awarded,
with effect from 8 March, a total of 1,196,700 share option awards (the "March
2022 Options"). Each March 2022 Option is exercisable over one ordinary share
of £0.01 each in the capital of the Company ("Ordinary Shares") and is
subject to the rules of the Company's 2018 Stock Option Plan (the "2018 Option
Plan"). The March 2022 Options represent approximately 0.62 per cent. of the
current issued share capital of the Company.
The March 2022 Options will be exercisable at a price of £0.1763 per Ordinary
Share (being the mid-market closing price of the Ordinary Shares on 8 March
2022), with 50 per cent. of the options vesting one year from the date of
grant and the remaining 50 per cent. vesting two years from the date of grant
(the "Vesting Conditions"). The March 2022 Options are exercisable at any
time, following vesting, prior to (and including) the day falling on the tenth
anniversary of grant. If an option holder leaves the Company, they will have a
period of 90 days within which to exercise any vested options, failing which
they will lapse.
The grant of the March 2022 Options, together with the grant of other options,
under the 2018 Option Plan forms part of the Company's long-term incentive
arrangements designed to align the interests of shareholders and certain key
members of the Company's management team.
The total options granted over Ordinary Shares to Persons Discharging
Managerial Responsibilities within the Company (each being a "PDMRs") are
detailed below. Further, an additional 120,000 March 2022 Options have been
granted to non-PDMRs.
2018 Plan Options Issued 8 March 2022
Exercise
PDMR Options Price Lapse Date
J Frank Mermoud 82,500 £0.1763 8-March-2032
Malcolm Lewin 181,500 £0.1763 8-March-2032
Lance Baller 165,000 £0.1763 8-March-2032
Bill Bellamy 82,500 £0.1763 8-March-2032
Mary Fallin-Christensen 82,500 £0.1763 8-March-2032
Tom Becker 266,200 £0.1763 8-March-2032
Forest Dorn 90,750 £0.1763 8-March-2032
Kurt Jones 90,750 £0.1763 8-March-2032
JT Albi 35,000 £0.1763 8-March-2032
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +44 (0)20 3006 3135
Christopher Raggett/Tim Harper (corporate finance)
Tim Redfern (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.
www.iofina.com (http://www.iofina.com)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: J Frank Mermoud
2. Reason for the notification
a) Position/status: Non-Executive Director
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 82,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Malcolm Lewin
2. Reason for the notification
a) Position/status: Chief Financial Officer
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 181,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Lance 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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 165,000
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Bill Bellamy
2. Reason for the notification
a) Position/status: Non-Executive Director
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 82,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Mary Fallin-Christensen
2. Reason for the notification
a) Position/status: Non-Executive Director
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 82,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Tom Becker
2. Reason for the notification
a) Position/status: Chief Executive Officer
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 266,200
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Forest Dorn
2. Reason for the notification
a) Position/status: PDMR
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 90,750
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Kurt Jones
2. Reason for the notification
a) Position/status: PDMR
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 90,750
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: JT Albi
2. Reason for the notification
a) Position/status: PDMR
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: Options over ordinary shares of 1 pence each
Identification code:
GB00B2QL5C79
b) Nature of the transaction: Grant of Options
c) Price(s) and volume(s):
Price(s) Volume(s)
17.63 pence 35,000
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 8 March 2022
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
8 March 2022
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHSSFSMUEESEIDRecent news on Iofina
See all newsREG - Iofina PLC - Final Results
AnnouncementRCS - Iofina PLC - Investor Presentation
AnnouncementREG - Iofina PLC - Holding(s) in Company
AnnouncementREG - Iofina PLC - Q1 2025 Update
AnnouncementREG - Iofina PLC - Q4 2024 Update
Announcement