REG - Iofina PLC - Grant of Share Options
28/04/2023 07:00
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RNS Number : 7824X Iofina PLC 28 April 2023
28 April 2023
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 27 April 2023, a total of 1,196,700 share option awards (the
"April 2023 Options"). Each April 2023 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 April 2023 Options represent approximately 0.62 per cent. of the
current issued share capital of the Company.
The April 2023 Options will be exercisable at a price of £0.3175 per Ordinary
Share (being the mid-market closing price of the Ordinary Shares on 27 April
2023), 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 April 2023 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 April 2023 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 April 2023 Options have been
granted to non-PDMRs.
2018 Plan Options Issued 27 April 2023
Exercise
PDMR Options Price Lapse Date
J Frank Mermoud 82,500 £0.3175 27 April 2033
Malcolm Lewin 181,500 £0.3175 27 April 2033
Lance Baller 165,000 £0.3175 27 April 2033
Bill Bellamy 82,500 £0.3175 27 April 2033
Mary Fallin Christensen 82,500 £0.3175 27 April 2033
Tom Becker 266,200 £0.3175 27 April 2033
Forest Dorn 90,750 £0.3175 27 April 2033
Kurt Jones 90,750 £0.3175 27 April 2033
JT Albi 35,000 £0.3175 27 April 2033
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +44 (0)20 3006 3135
Nomad & Broker:
Henry Fitzgerald-O'Connor/Patrick Dolaghan/Andrew Potts
Canaccord Genuity Limited
Tel: +44 (0)20 7523 8000
Financial Adviser:
Kingsley Wilson
Chrystal Capital Partners LLP
Tel: +44 (0)20 7850 4761
Media Contact:
Charles Goodwin/Shivantha Thambirajah/Jazmine Clemens
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 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. Iofina
Chemical will be celebrating its 40(th) anniversary in 2023 as a preeminent
halogen-based specialty chemicals company.
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)
31.75 pence 82,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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: CFO
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)
31.75 pence 181,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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)
31.75 pence 165,000
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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)
31.75 pence 82,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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)
31.75 pence 82,500
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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: 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)
31.75 pence 266,200
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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)
31.75 pence 90,750
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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)
31.75 pence 90,750
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
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)
31.75 pence 35,000
d) Aggregated information:
· Aggregated volume: As above
· Price:
e) Date of the transaction: 27 April 2023
f) Place of the transaction: AIM, London Stock Exchange (XLON)
d)
Aggregated information:
· Aggregated volume:
· Price:
As above
e)
Date of the transaction:
27 April 2023
f)
Place of the transaction:
AIM, London Stock Exchange (XLON)
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