Business
Clarification Regarding Media Reports
Clarification Regarding Media Reports.
About this update from Iofina Plc
[{"type":"text","content":"\n \n \n RNS Number : 9616F\n Iofina PLC\n 12 March 2020\n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n \n \n \n THIS IS AN ANNOUNCEMENT CONTAINS A STATEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS.\n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n \n \n \n \n \n 12 March 2020\n \n \n \n \n \n Iofina plc\n \n \n (\"Iofina\", the \"Group\", or the \"Company\")\n \n \n (LSE AIM: IOF)\n \n \n \n \n \n \n \n \n Clarification Regarding Media Reports\n \n \n \n \n \n Iofina plc, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, can \n confirm, following a request for clarification made to him, that Mr. Arron Banks has informed the Company that he does not intend to make an offer for the Company. \n \n \n \n \n \n Mr. Banks, and an associate of his, had made a number of statements through the media indicating that he was actively considering a possible offer for the entire issued and to be issued share capital of Iofina (the \"Possible Offer\"). Until today, the Company had not received any communications regarding the Possible Offer from Mr. Banks.\n \n \n \n \n \n This is a statement to which Rule 2.8 of The City Code on Takeovers and Mergers (the \"Code\") applies and Mr. Banks has consented to the restrictions of Rule 2.8 of the Code.\n \n \n \n \n \n Under Rule 2.8 of the Code, Mr. Banks and any person acting in concert with him will be subject to the restrictions in Rule 2.8 that include, interalia, that for a period of six months from the date of this announcement they shall not announce an offer or possible offer for Iofina. \n \n \n \n \n \n The requisition previously announced on 10 March 2020 is unaffected.\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n Dr. Tom Becker\n \n \n CEO & President\n \n \n Iofina plc\n \n \n Tel: +44 (0)20 3006 3135\n \n \n \n \n \n Christopher Raggett/Giles Rolls/Matthew Radley (corporate finance)\n \n \n Camille Gochez (ECM)\n \n \n finnCap Ltd\n \n \n Tel: +44 (0)20 7220 0500\n \n \n &n...