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    IOF   GB00B2QL5C79

IOFINA PLC

(IOF)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-23 am EDT
26.00 GBX    0.00%
07/11Iofina - Additional Loan Facilities and H1 Update
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07/08Iofina Secures Two New Lines of Credit for Growth Plans
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07/08Iofina plc Announces Additional Loan Facilities
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Iofina : Result of Annual General Meeting

06/18/2021 | 10:33am EDT

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

18 June 2021

Iofina Plc

("Iofina" or the "Company")

(LSE AIM: IOF)

Result of Annual General Meeting

Iofina, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, announces that at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed on a poll. Resolutions 1 to 5 were passed as ordinary resolutions and resolution 6 was passed as a special resolution.

The full text of the resolutions considered at the AGM are contained in the Notice of AGM published on 25 May 2021 which is available on the Company's website at www.iofina.com.

Enquiries:

Dr. Tom Becker

CEO & President

Iofina plc

Tel: +1 859 356 8000

Christopher Raggett/Tim Harper (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

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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 35 years.

IofinaEX

Iofina's newest subsidiary, IofinaEX, is fully licensed to process hemp in the state of Kentucky and is currently managing a hemp seed investment in this market.

www.iofina.com

Disclaimer

Iofina plc published this content on 18 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2021 14:32:00 UTC.


© Publicnow 2021
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Financials
Sales 2022 33,7 M 36,9 M 36,9 M
Net income 2022 5,17 M 5,65 M 5,65 M
Net cash 2022 0,17 M 0,18 M 0,18 M
P/E ratio 2022 9,75x
Yield 2022 -
Capitalization 49,9 M 54,5 M 54,5 M
EV / Sales 2022 1,47x
EV / Sales 2023 1,33x
Nbr of Employees 96
Free-Float 30,2%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 26,00 GBX
Average target price 30,00 GBX
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Thomas Matthew Becker President, Chief Executive Officer & Director
Malcolm Thomas Lewin Chief Financial Officer & Executive Director
Lance Jason Baller Non-Executive Chairman
William Delaney Bellamy Independent Non-Executive Director
Jules Frank Mermoud Independent Non-Executive Director
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