Business
Appointment of Non Executive
Appointment of Non Executive.
About this update from Iofina Plc
[{"type":"text","content":"\n RNS Number : 9959C Iofina PLC 09 September 2008 \n \nIofina plc\n9th September 2008\n('Iofina' or 'the Company')\nAppointment of Non Executive Director\nIofina is pleased to announce that Paul Chase-Gardener has been appointed to the Board of Directors as a non executive director. Mr Chase-Gardener will also be Chairman of the Audit committee with immediate effect. Paul Chase-Gardener was formerly managing director of Bladon Group plc and after its sale in 1995 he joined Commercial Vehicle Direct Insurance Company Limited (the original business which later formed the core of Group Direct Limited). He joined shortly after its formation and has subsequently held the positions of Finance Director and Chairman of Group Direct. He is also co-founder of Brightside and is their Chief executive officer and finance director. \n\n \nCommenting on the appointment, Dr David Schneider, Chief Executive Officer, stated:\n'We are delighted to welcome Paul Chase-Gardener to the Board. His lengthy experience in the City of London and his financial knowledge will be of great value to Iofina as we move into production on our initial Atlantis Prospect and continue to build out the business, both in terms of new resource assets as well as new operational divisions.'\nThe details required to be disclosed pursuant to Schedule Two, paragraph (g) (i) to (viii) of the AIM Rules will be announced shortly.Enquiries: \n\n\n\n\nLance Baller\nIofina plc\nTel: +44(0)20 3006 3135\n \n\n\nNominated Adviser:\nJames Harris/Angela Peace\nStrand Partners Limited\nTel: +44(0)20 7409 3494\n \n\n\n\n\nBroker:\nRory Scott\nMirabaud Securities Limited\nTel: +44(0)20 7878 3360\n \n\n\nMedia Contact:\nChelsea Hayes\nPelham Public Relations\nTel: +44 (0)20 7743 6675\n \n\n\n\n\n\n \nAbout Iofina\nIofina is involved in the exploration and production of both iodine and natural gas which have been discovered on acreages which the Company holds. The presence of both iodine and natural gas allows the Group to generate dual revenue streams over a single cost structure. The dual revenue approach has worked successfully in the Mobara field in Japan which has been producing iodine and natural gas for over the past 50 years. Iodine is a r...