Appointment of Non-Executive Director

RNS Number : 4176V

Iofina PLC

14 January 2013

 



 

14 January 2013

Iofina plc

("Iofina" or the "Group")

(LSE AIM: IOF)

Appointment of Non-Executive Director

Iofina, a specialist in the exploration and production of iodine and specialty chemical iodine derivatives, is pleased to announce the appointment of Mr Stuart Michael Eaton as a Non-Executive Director of the Group with immediate effect.

Stuart, aged 49, joins the Board with a demonstrable track record in both the oil & gas and the financial services sectors. Stuart is currently Non-Executive Director of Nighthawk Energy plc, the AIM listed US focused shale oil development and production company. Previous positions include Head of UK Equity Alpha at Insight Investment Management Limited, responsible for the management of UK equity long-only portfolios and a Director of Specialist Benchmark Funds at Newton Investment Management Limited, responsible for managing global segregated pension funds and unit trusts.  Furthermore, Stuart was also a portfolio manager at Provident Mutual Life Assurance managing UK equity segregated funds.

Commenting on today's appointment, Iofina's Non-Executive Chairman, Dr Chris Fay, said:  "I am delighted to welcome Stuart to the Board, joining at a pivotal time with the Group well-positioned to capitalise on its objective of increasing iodine production with the construction and commissioning of its WET® IOsorb™ plants throughout Iofina's targeted regions. Having been a significant investor in the oil and gas sector for many years, and currently a sizeable shareholder in Iofina, we believe that Stuart is perfectly placed to assist in ensuring that Iofina's operational progress continues."

Further information on Stuart Eaton

Save as disclosed above and below, and in accordance with AIM Rule 17, there is nothing further to disclose under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Current Directorships

Nighthawk Energy plc

SlicethePie Limited

Shareholding

Stuart Eaton is beneficially interested in 1,349,761 ordinary shares of 1p each representing 1.06 per cent. of the issued share capital of the Company.

Enquiries:

Lance Baller, CEO Iofina plc Tel: [phone]	Ben Colegrave/Chris Sim/Neil Elliot Investec Tel: [phone]
Media Contact: Dominic Barretto Yellow Jersey PR Limited Tel: [phone]

 

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