Director dealings: Iofina chairman raises stake

Iofina said on Friday that chairman Lance Baller had acquired 200,000 ordinary shares in the AIM-listed chemical manufacturing company.

  • Iofina
  • 19 February 2021 16:40:37

Source: Sharecast

Baller, the company's co-founder, purchased the shares on Thursday at an average price of 12.50p each, for a total value of £25,000.

Following the transaction, Baller holds 5.01m shares, representing roughly 2.61% of the company's share capital.

Back in September, Iofina signed binding documentation to refinance its entire debt by entering into a new loan agreement with the Cincinnati-based US regional bank First Financial Bank.

Iofina said the facility would provide it with debt capital of up to $18.0m, with the proceeds to be used to pay off existing debt and to provide it with working capital.

As of 1640 GMT, Iofina shares were down 3.20% at 12.10p.

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Personal Assets Trust (PNL)
Director name: Ferguson,Iain
Amount purchased: 500 @ 45,025.00p
Value: £225,125.00

Ejf Investments Ltd Npv (EJFI)
Director name: Dentskevich,Joanna
Amount purchased: 28,348 @ 115.00p
Value: £32,600.20

Iofina (IOF)
Director name: Baller,Lance J
Amount purchased: 200,000 @ 12.50p
Value: £25,000.00

Ariana Resources (AAU)
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Scancell Holdings (SCLP)
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Scancell Holdings (SCLP)
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Scancell Holdings (SCLP)
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Scancell Holdings (SCLP)
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