Capital Reduction

Iofina plc (the "Company"), specialists in the exploration and production of iodine and manufacturers of specialty chemical products, is pleased to announce that the reduction of share capital of the Company pursuant to section 648 of the Companies Act 2006, comprised of the cancellation of the Company's share premium account as at 31 December 2024 (the "Capital Reduction"), as approved by shareholders at the Annual General Meeting on 9 June 2025, was sanctioned by the High Court of England and Wales (the "High Court").

The effect of the Capital Reduction is to create distributable reserves.

The order of the High Court confirming the Capital Reduction, and the statement of capital approved by the High Court in connection therewith, will be sent to the Registrar of Companies. The Capital Reduction will become effective upon the registration of the High Court order by the Registrar of Companies, which is expected to take place soon.

The Company confirms that, following the Capital Reduction, the issued share capital of the Company remains at 191,858,408 ordinary shares of £0.01 each. The total number of voting rights in the Company also remains at 191,858,408.

Tom Becker, CEO & President, stated:

"I am pleased the Capital Reduction is now essentially complete, and accordingly, we have changed the retained deficit on the Company's balance sheet of approximately US$24.9m into a US$35.8m surplus. The Board looks forward to continuing with its efforts to position the Company as strongly as possible and will continue to have a disciplined approach to its capital allocation policy going forward."

Iofina Resources

Iofina Chemical