Business
Notice of AGM and Proposed Capital Reduction
Notice of AGM and Proposed Capital Reduction.
About this update from Iofina Plc
[{"type":"text","content":"\n\n\n14 May 2025\n \nIofina plc\n(\"Iofina\", the \"Company\" or the \"Group\")\n(AIM: IOF)\n \nNotice of AGM and Proposed Capital Reduction\n \nIofina plc, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, today announces that its 2025 Annual General Meeting (\"AGM\") will take place on Monday, 9 June 2025 at 3:00 p.m. (BST) at the offices of Canaccord Genuity, 88 Wood Street, London EC2V 7QR.\n \nIn addition to the routine business customarily undertaken at an annual general meeting, the Company is asking shareholders to consider a specific item of special business at the AGM, namely the Capital Reduction. If approved the Capital Reduction would have the effect of creating distributable reserves and, subject to the financial performance of the Company and the provisions contained in the CA 2006, allow the Company to make distributions of profits by way of dividend and/or to make purchases of its own shares.\n \nIn seeking approval of the Capital Reduction, the Company is not indicating any commitment, and has no current intention, to declare dividends or to purchase its own shares, but considers that the Capital Reduction would position it more favourably to do so, as applicable, in the future.\n \nThe Capital Reduction is conditional on, inter alia, Shareholder approval at the AGM and approval by the Court. Full information, including timetable and action to be taken by Shareholders regarding the Capital Reduction are set out in the circular accompanying the AGM Notice (the \"AGM Circular\").\n \nUnless otherwise stated, defined terms in this announcement are the same as those set out in the AGM Circular.\n \nThe AGM Circular and Notice of AGM is being posted to Shareholders and a copy will be made available on the Company's website.\n \nEnquiries:\nDr. Tom Becker\nCEO & President\nIofina plc\nTel: +44 (0)20 3006 3135\n\nNomad & Broker:\nHenry Fitzgerald-O'Connor/Harry Rees\nCanaccord Genuity Limited\nTel: +44 (0)20 7523 8000\n\nMedia Contact:\nCharles Goodwin/Shivantha Thambirajah/Zara McKinlay\nYellow Jersey PR Limited\nTel: +44 (0)7747 788 221/+44 (0)7983 521 488\n\nAbout Iofina: Iofina plc (AIM: IOF) is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty ...