REG - Iofina PLC - Result of AGM

IofinaAnnouncement

14/06/2023 14:00

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RNS Number : 7387C  Iofina PLC  14 June 2023

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)

 Results of AGM

Iofina plc, manufacturers of specialty chemical products and specialists in
the exploration and production of iodine, held its 2023 Annual General
Meeting ("AGM") earlier today.

All resolutions proposed at the AGM, with the exception of resolution 6 (a
special resolution for the disapplication of pre-emption rights), as set out
in the Notice of Meeting dated 9 May 2023, were duly passed. The Company
recognises that a meaningful proportion of votes were cast against resolution
6. Although the resolution was in line with the Company's historic AGM share
authorities (all of which have been previously passed), the Board takes
seriously its responsibilities to maintain a healthy dialogue with
shareholders and will engage with the relevant shareholders to better
understand their views.

The full text of the resolutions considered at the AGM are contained in the
Notice of AGM which is available on the Company's website at www.iofina.com
(http://www.iofina.com) .

The table below shows the proxy position of all resolutions:

 

 RESOLUTIONS                                                                      FOR                                 AGAINST               WITHHELD

                                                                                  (and including at discretion)
                                                                                  No. of votes      %                 No. of votes  %       No. of votes

 Total votes cast: 57,380,461

 Resolution 1                                                                     57,379,717        99.99%            0             0%      744
 To receive and approve the Company's Annual Report and Accounts for the year
 ended 31 December 2022
 Resolution 2                                                                     57,254,703        99.78%            95,758        0.17%   30,000

 To reappoint Malcolm Lewin as a director
 Resolution 3                                                                     57,344,961        99.93%            5,500         0.01%   30,000

 To reappoint Mary Fallin Christensen as a director
 Resolution 4                                                                     57,290,088        99.84%            90,373        0.16%   0

 To reappoint UHY Hacker Young LLP as auditors of the Company and to authorise
 the directors to determine their remuneration
 Resolution 5                                                                     57,336,033        99.92%            35,811        0.06%   8,617

 Pursuant to section 551 of the Companies Act 2006 (the "Act"), to
 unconditionally authorise the Directors to issue shares in the Company
 Resolution 6                                                                     36,498,805        63.61%            20,881,656    36.39%  8,617

 Disapplication of pre-emption rights. Pursuant to section 570 of the Act, and
 subject to resolution 5 being passed, to empower Directors to allot shares in
 the Company without first offering them to existing shareholders on a pro-rata
 basis
 Resolution 7                                                                     57,325,458        99.90%            37,873        0.07%   17,130

 Pursuant to section 701 of the Act, to unconditionally authorise the Company
 to make market purchases of ordinary shares in the capital of the Company

 (representing up to 10% of the issued share capital)

 

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/)

 

 

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