Last checked at 20 Mar 2014 07:00
20 March 2014
IOFINA PLC
("Iofina" or the "Company")
(LSE AIM: IOF)
Resignation and appointment of Director
The Directors of Iofina wish to announce that they have accepted the resignation of Dr. Chris Fay as a Director of the Company, effective as of 31 March 2014. Dr. Fay will be retiring from the Board.
The Board is currently in the process of identifying and recruiting a suitable replacement for the role of Chairman and will make a further announcement in this regard in due course.
Further, the Directors of Iofina are pleased to announce the appointment of Dr. William D. Bellamy ("Bill") to the Board as a Non-Executive Director, effective immediately. Dr. Bellamy is a Fellow and Senior Vice President of the Water Business Group at CH2M HILL, Inc. ("CH2M"), a company he has worked at for 30 years. CH2M is one of the largest consulting engineering companies in the world providing leadership and strategic direction for the water business and application of technologies worldwide. Dr. Bellamy has recently focused on the development and application of processes and tools that address energy, water scarcity and allocation of resources. He has recently participated in energy and sustainability forums, including as a panellist at the World Future Energy Conference in Abu Dhabi, the World Bank Sustainable Cities Symposium and the Future of Water Economic Forum. Also, he recently began serving as Professor of Practice at the University of Wyoming, where he teaches graduate courses and is responsible for securing grants and research funding in the areas of water resources, water treatment and sustainable energy development. Dr. Bellamy has a PhD in Civil Engineering from Colorado State University, an MSc in Civil (Environmental) Engineering from the University of Wyoming and a BSc in Electrical (Bio-Medical) Engineering from the University of Wyoming.
In relation to the appointment of Dr. Bellamy 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: | Dr. William Delaney Bellamy |
Age: | 66 |
Current directorships | CH2M Hill Foundation Colorado Energy Water Consortium National Advisory Council University of Wyoming CEAS USEPA National Drinking water Advisory council |
Previous directorships/partnerships in the last five years | N/A |
George Lantz, CEO and President of the Company, commented: "I would like to thank Chris for the significant contribution he has made to Iofina over the past six years. His fantastic support and commitment to the Company from its admission to AIM in 2008 to the current day has helped steer it through the evolution of the business and he leaves us on strong footing. We wish him continued success in his business ventures and look forward to engaging with him in the future as a shareholder of the Company."
Mr. Lantz continued: "We are extremely pleased to welcome Bill to the Board. He brings with him a wealth of engineering experience and deep pool of knowledge of process technology. We are very confident he will help to steer the Company to even greater success."
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.