Business
Appointment of Chrystal Capital Partners LLP
Appointment of Chrystal Capital Partners LLP.
About this update from Iofina Plc
[{"type":"text","content":"\n \n \n \n 20 June 2022\n \n \n \n \n \n \n Iofina plc\n \n \n \n (\"Iofina\", the \"Company\" or the \"Group\")\n \n \n (LSE AIM: IOF)\n \n \n \n \n \n \n Appointment of Chrystal Capital Partners LLP as Strategic Financial Advisor\n \n \n \n \n \n \n \n \n Iofina plc, manufacturers of specialty chemical products and specialists in the exploration and production of iodine,\n today announces the appointment of Chrystal Capital Partners LLP (\"Chrystal Capital\") as a financial advisory partner. Chrystal Capital will be providing strategic advice on the Company's approach to the equity markets and business growth, including helping to engage with new investment funds, Single Family Offices (SFOs), and Ultra High Net Worth Individuals (UHNWIs).\n \n \n Iofina is one of the lowest cost raw iodine and iodine derivative companies in the world. With spot iodine prices recently reaching $70/kg and demand high for iodine derivatives, market conditions are in Iofina's favour. Debt has been significantly reduced, and with five iodine productions plants in operation and vertical integration into iodine derivatives through Iofina Chemical, along with plans for additional iodine plants, the Company is in its strongest ever position.\n \n \n Against this backdrop, in addition to organic growth within our core businesses, the Company will further explore business partnerships and combinations in the market and explore wider opportunities to drive shareholder value with the support of Chrystal Capital.\n \n \n \n Commenting, President and CEO Dr. Tom Becker, stated:\n \n \"Over the past few years we have worked hard to position Iofina as one of the lowest cost iodine producers in the world in a market that continues to show solid growth. The appointment of Chrystal Capital Partners solidifies our intent to consider and evaluate opportunities to grow the business beyond our organic growth plans. We look forward to working closely with Chrystal Capital to assess how we can further unlock and drive shareholder value going forward\".\n \n \n \n Kingsley Wilson, Partner at Chrystal Capital Partners, stated\n \n : \"Having been involved with Iofina as a private company, and subsequently bringing it to the London market in 2008, I'm personally delighted to be working with the Iofina management team again to assist in the next stage o...