IOF Iofina Plc

TIDMIOF

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 .

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 
    Total votes                                                                  votes 
    cast: 57,380,461 
                                ------------  -------  ------------  -------  --------- 
  Resolution 1 
   To receive and 
   approve the Company's 
   Annual Report 
   and Accounts 
   for the year 
   ended 31 December 
   2022                          57,379,717    99.99%       0           0%       744 
                                ------------  -------  ------------  -------  --------- 
  Resolution 2 
   To reappoint 
   Malcolm Lewin 
   as a director                 57,254,703    99.78%     95,758      0.17%     30,000 
                                ------------  -------  ------------  -------  --------- 
  Resolution 3 
   To reappoint 
   Mary Fallin Christensen 
   as a director                 57,344,961    99.93%     5,500       0.01%     30,000 
                                ------------  -------  ------------  -------  --------- 
  Resolution 4 
   To reappoint 
   UHY Hacker Young 
   LLP as auditors 
   of the Company 
   and to authorise 
   the directors 
   to determine 
   their remuneration            57,290,088    99.84%     90,373      0.16%       0 
                                ------------  -------  ------------  -------  --------- 
  Resolution 5 
   Pursuant to section 
   551 of the Companies 
   Act 2006 (the 
   "Act"), to unconditionally 
   authorise the 
   Directors to 
   issue shares 
   in the Company                57,336,033    99.92%     35,811      0.06%     8,617 
                                ------------  -------  ------------  -------  --------- 
  Resolution 6 
   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                         36,498,805    63.61%   20,881,656    36.39%    8,617 
                                ------------  -------  ------------  -------  --------- 
  Resolution 7 
   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)                      57,325,458    99.90%     37,873      0.07%     17,130 
                                ------------  -------  ------------  -------  --------- 
 

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(R) IOsorb(R) technology. Iofina currently operates five producing IOsorb(R) 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

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June 14, 2023 09:00 ET (13:00 GMT)

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