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Iofina PLC (LON:IOF) has confirmed that following a request for clarification made to him, Arron Banks has informed the firm that he does not intent to make an offer for the company.

READ: Iofina blasts Arron Banks and questions wisdom of focusing on iodine as coronavirus disinfectant

The AIM-listed group said Banks and an associate of his had made a number of statements to the media indicating that he was actively considering a possible offer for the entire issued and to be issued share capital of Iofina, and that until today (Thursday) it had not received any communications regarding the possible offer from Banks.

Iofina shares were 11.5% lower at 17.2p in mid-afternoon trading on Thursday.