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Iofina PLC - Directorate Change

RNS Number : 4930I
Iofina PLC
02 April 2020
 

 

2 April 2020

 

Iofina Plc

("Iofina" or "the Company")

(LSE AIM: IOF)

 

Director Appointment

 

Iofina plc, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, is pleased to announce the appointment of former Governor of the State of Oklahoma in the United States, Mary Fallin, as a Non-Executive Director of the Company with immediate effect. 

 

Mary has had a distinguished political career in the State of Oklahoma spanning over 30 years. She was elected the first female Governor of the State in 2010, and was re-elected for a second term in 2014. Prior to serving as Governor she held a number of prominent state and federal positions, including serving as US Congresswoman for Oklahoma's 5th district between 2007-2011 and serving as Lieutenant Governor of Oklahoma between 1995-2006. 

 

Mary has been a major contributor to natural resources industries in Oklahoma, and implemented the State's first comprehensive energy plan as well as its State-wide water plan. Throughout her career she has held a number of prominent positions, including: Chair of the Southern State Energy Board; Chair of the Interstate Oil & Gas Compact Commission; and has served on the natural resource committee of the National Governors Association (NGA). Previously, she also served on the United States House of Representatives Committee on Small Business and was Small Business Chairman on the Republican Policy Committee, and was named the "Guardian of Small Business" by the National Federation of Independent Business. Mary has previously served on numerous Boards of Directors for both commercial organizations and non-profits.

 

Iofina is well known to Mary, as she has engaged with the Company during her tenure as Governor of Oklahoma on several issues.  Mary's addition to the Board is a result of a comprehensive process which began in January of this year. 

 

Commenting, President and CEO of Iofina Dr. Tom Becker, stated: "I am pleased to announce Mary's appointment and we are delighted to welcome such a prominent figure to the Board. Mary has had a very successful political career in Oklahoma including serving as Governor between 2011-2019, where Iofina continues to expand its iodine production. Mary brings invaluable experience in natural resources, crisis management and corporate governance, as well as a wealth of connections. Throughout her time in politics she has been a great advocate of small and medium-sized enterprises like Iofina and so to have her join the team during this next phase of growth is really exciting for us."

 

The following information is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies.

 

Full name: Mary Copeland Fallin

Age: 65

Shares in the Company held: None

 

Directorships/partnerships held in the last five years:

Current

Past

1121 Properties LLC

None

 

 

Enquiries:

 

Dr. Tom Becker

CEO & President

Iofina plc

Tel: +44 (0)20 3006 3135

 

Christopher Raggett/Giles Rolls/Matthew Radley (corporate finance)

Camille Gochez (ECM)

finnCap Ltd

Tel: +44 (0)20 7220 0500

 

Media Contact:

Charles Goodwin/Joe Burgess

Yellow Jersey PR Limited

Tel: +44 (0)20 3004 9512

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® IOsorb® technology. Iofina currently operates four producing IOsorb® plants in Oklahoma is building a fifth site, 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 exploring the isolation of specialty chemical products from hemp, a rapidly expanding market.

www.iofina.com

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 16.875

Market: LSE
Market Cap: £32.38 m
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