Last checked at 15 Apr 2014 16:40
15th April 2014
IOFINA PLC
("Iofina" or the "Company")
(LSE AIM: IOF)
Appointment of Director (amended)
AND
Information on Directors Shareholding
The Directors of Iofina are pleased to announce the appointment of Lance J. Baller to the Board as a Non-Executive Director and Chairman of the Company. Lance is the co-Founder, a former CEO and President (2010-2013), Finance Director (2007-2010) and Secretary of Iofina Plc. In April 2013 Lance took a leave of absence to attend to personal health issues prior to his resignation. Lance is now able to better manage and control his health condition in order to perform his commitment to the Board of Directors. He has not been a Board member since 19 June 2013 annual meeting. Lance's appointment as Chairman is effective to the 2015 annual general meeting ("AGM").
In relation to the appointment of Mr. Baller to the Board of Directors, Iofina confirms that there is nothing further to disclose in relation to his appointment under Schedule Two, paragraph (g) of the AIM Rules for Companies, save as disclosed below:
Full name: | Lance Jason Baller |
Age: | 40 |
Current directorships/partnerships | Iofina plc, Index Funds, Ultimate Investments, Inc., High Speed Aggregate, Inc., Baller Family Foundation, Inc., Lakeview Village, Inc., High Speed Mining, LLC, High Speed Mines, LLC, Real Colorado, Baller Enterprises, Inc., |
Previous directorships/partnerships in the last five years | Iofina plc, Iofina, Inc, Iofina Chemical, Inc., Iofina Resources LLC, Iofina Resources, Inc., Equal Energy, Inc., Baylor Solar Energy, Inc., Eagle:XM, Elevation Capital Management, Inc., Giant 5 Funds |
Mr. Baller has a beneficial interest in 4,500,000 shares in the Company representing 3.5 per cent of its current issued share capital.
George Lantz, CEO and President of the Company, commented: "I would like to welcome Lance back to the Iofina. His extensive industry knowledge will be very valuable as we continue to operationalize and optimize our significant capacity additions of IOsorb® plants since he was last a Board member."
For further information, please contact:
George Lantz, CEO
Iofina
Tel: +44 (0)20 3006 3135
www.iofina.com
John Prior/Rupert Krefting/Huw Jeremy
Numis Securities
Tel: +44 (0)20 7260 1000
Rob Collins
GMP Securities
Tel: +44(0)20 7647 2800
Media Contact:
Dominic Barretto/Anna Legge
Yellow Jersey PR
Tel: +44 (0)7768 537 739
About Iofina:
Iofina specializes in the exploration and production of iodine, iodine specialty chemical derivatives and produced water. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina's WET® IOsorb™ technology. Iofina has iodine production operations in the United States, specifically in Texas, Montana and Oklahoma. It has complete vertical integration from the production of iodine in the field to the manufacture of the chemical end-products derived from iodine to the consumer and the recycling of iodine using iodinated side-streams from waste chemical processes in Europe, North America and Asia. Iofina utilises its portfolio of patented and patent pending technology, proprietary methods and trademarks throughout all business lines.