Iofina seeks shareholder approval for capital reduction ahead of June AGM

Iofina PLC (AIM:IOF, OTC:IOFNF) is asking shareholders to approve a capital reduction at its annual meeting on 9 June, which would allow the company to create distributable reserves. If granted, this would enable future dividends or share buybacks, though the company said it has no current plans to pursue either. The AGM will be held at the London offices of Canaccord Genuity, with full details provided in the circular sent to shareholders and published on Iofina’s website.