TIDMIOF
RNS Number : 8782I
Iofina PLC
16 December 2020
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
16 December 2020
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 today, a total of 1,232,450
share option awards (the "December 2020 Options"). Each December
2020 Option is exercisable over one ordinary share of GBP0.01 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 December 2020 Options represent approximately 0.64 per
cent. of the current issued share capital of the Company.
The December 2020 Options will be exercisable at a price of
GBP0.1250 per Ordinary Share (being the closing price on 15
December 2020), 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
December 2020 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 "90 Days
Condition").
The grant of options under the 2018 Option Plan is part of the
Company's long-term incentive arrangements designed to align the
interests of the shareholders and certain executives.
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 100,000
December 2020 Options have been granted to non-PDMRs.
2018 Plan Options Issued 16 December 2020
Exercise
PDMR Options Price Lapse Date
-------- ---------- -----------------
J Frank Mermoud 82,500 GBP0.1250 16-December-2030
-------- ---------- -----------------
Malcolm Lewin 181,500 GBP0.1250 16-December-2030
-------- ---------- -----------------
Lance Baller 165,000 GBP0.1250 16-December-2030
-------- ---------- -----------------
Bill Bellamy 82,500 GBP0.1250 16-December-2030
-------- ---------- -----------------
Mary Fallin 82,500 GBP0.1250 16-December-2030
-------- ---------- -----------------
Tom Becker 266,200 GBP0.1250 16-December-2030
-------- ---------- -----------------
Forest Dorn 90,750 GBP0.1250 16-December-2030
-------- ---------- -----------------
Kurt Jones 90,750 GBP0.1250 16-December-2030
-------- ---------- -----------------
Scott Formolo 90,750 GBP0.1250 16-December-2030
-------- ---------- -----------------
Enquiries:
Dr. Tom Becker
CEO & President
Iofina plc
Tel: +1 859 356 8000
Christopher Raggett/Giles Rolls/Matthew Radley (corporate
finance)
Tim Redfern (ECM)
finnCap Ltd
Tel: +44 (0)20 7220 0500
Media Contact:
Charles Goodwin/Joe Burgess
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. As the second largest producer of
iodine in North America, it comprises three USA entities; Iofina
Resources, Iofina Chemical and IofinaEX.
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 for over 35 years.
IofinaEX
Iofina's newest subsidiary, IofinaEX, is fully licensed to
process hemp in the state of Kentucky and holds an investment in a
hemp seed production project.
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 82,500
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 181,500
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 165,000
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 82,500
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 82,500
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 266,200
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 90,750
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 90,750
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
f) Place of the transaction: AIM, London Stock Exchange
(XLON)
----------------------------------------- -----------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Scott Formolo
----------------------------------------- -----------------------------
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, Options over ordinary shares
type of instrument: 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)
12.5 pence 90,750
----------
----------------------------------------- -----------------------------
d) Aggregated information:
* Aggregated volume: As above
* Price:
----------------------------------------- -----------------------------
e) Date of the transaction: 16 December 2020
----------------------------------------- -----------------------------
f) Place of the transaction: AIM, London Stock Exchange
(XLON)
----------------------------------------- -----------------------------
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END
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December 16, 2020 06:50 ET (11:50 GMT)
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