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Pin to quick picksItaconix Plc Share News (ITX)

Share Price Information for Itaconix Plc (ITX)

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Share Price: 160.00
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Change: 7.00 (4.58%)
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Itaconix Sells Minority Stake In Danish Firm For GBP242,000

Wed, 29th May 2019 11:38

LONDON (Alliance News) - Chemicals firm Itaconix PLC on Wednesday said it divested its minority stake in Alkalon AS, a Danish nicotine gum company, for cash proceeds of GBP242,000.

Itaconix's 22.49% stake in Alkalon was purchased by Helmich Invest ApS, Nolta ApS, Solco ApS, and Commerce Pharma Holding ApS, all existing shareholders in Alkalon.

The total sum includes GBP194,000 for the company's minority equity interest in Alkalon and GBP48,000 for the full principal and accrued interest of a shareholder loan.

Proceeds from the sale will be added to Itaconix's cash reserves and used for future working capital needs.

Itaconix shares were trading 2.9% higher at 3.34 pence each on Wednesday.

More News
3 Feb 2023 14:33

Itaconix raises GBP10.3 million to fund new product development

(Alliance News) - Itaconix PLC on Friday said it has conditionally raised about GBP10.3 million through the issue of up to 201.6 million new shares.

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5 Jan 2023 10:22

IN BRIEF: Itaconix confirms interim non-executive chair permanently

Itaconix PLC - New Hampshire, US-based speciality polymer developer - Confirms Non-Executive Interim Chair Peter Nieuwenhuizen as non-executive chair permanently with immediate effect. Itaconix appointed Nieuwenhuizen as interim chair back in July 2022.

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5 Jan 2023 10:17

AIM WINNERS & LOSERS: Live Co drops on expectations of annual loss

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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5 Oct 2022 17:35

IN BRIEF: Itaconix joins with Brenntag to distribute cleaning polymers

Itaconix - New Hampshire, US-based speciality polymer developer - Announces distribution program with Brenntag North America to promote sustainable cleaning in household, industrial and institutional cleaning applications. Brenntag North America is a subsidiary of Brenntag SE, a chemical and ingredients distribution firm.

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14 Sep 2022 15:02

TRADING UPDATES: Epwin lifts interim payout; Anpario profit falls

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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5 Sep 2022 16:10

IN BRIEF: Itaconix extends global supply agreement with Croda

Itaconix PLC - New Hampshire, US-based speciality polymer developer - Enters global contract with Croda Inc, extending a supply agreement which began in 2017. Under the terms of the new agreement, Itaconix will continue to produce and supply the proprietary Zinador odor neutralizing ingredients for Croda to market and sell globally in home care applications. Says that the new agreement adds a newly formulated product to the collaboration and updates the terms and arrangements for ongoing market developments.

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13 Jul 2022 11:45

Itaconix shares up as interim revenue to sharply exceed 2021's figure

(Alliance News) - Itaconix PLC on Wednesday said it more than doubled its revenue for the first half of 2022, driven mainly through growth in cleaning application sales.

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5 Jul 2022 13:29

IN BRIEF: Itaconix appoints interim chair as James Barber steps down

Itaconix PLC - New Hampshire, US-based speciality polymer developer - Hires Peter Nieuwenhuizen as interim chair as Chair James Barber steps down immediately.

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1 Jul 2022 11:25

AIM WINNERS & LOSERS: Itaconix rises on record revenue performance

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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1 Jul 2022 09:20

Itaconix shares rise on record interim revenue, confidence for 2022

(Alliance News) - Shares rose in Itaconix PLC on Friday as the company announced at its annual general meeting a record performance in interim revenue, securing confidence in meeting market expectations for 2022.

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8 Jun 2022 11:50

IN BRIEF: Itaconix narrows loss in 2021 on one-off gain

Itaconix PLC - New Hampshire, US-based speciality polymer developer - Reports a narrowed loss in 2021, despite lower revenue, thanks to exceptional income. Pretax loss in 2021 narrows to USD448,000 from GBP1.6 million in 2020. Revenue falls 21% to USD2.6 million from USD3.3 million. Loss is slimmer as firm books exceptional income of USD1.6 million versus an exceptional loss of USD339,000 in 2020. Exceptional income is related to revaluation of contingent consideration.

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8 Jun 2022 11:39

AIM WINNERS & LOSERS: Serinus Energy ahead of schedule in Romania

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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1 Jun 2022 16:04

UK shareholder meetings calendar - next 7 days

Thursday 2 June  
Clontarf Energy PLCGM re issue of new shares
HealthBeacon PLCAGM
Friday 3 June  
no events scheduled  
Monday 6 June  
Alphawave IP Group PLCAGM
Minoan Group PLCAGM
Omega Diagnostics Group PLCAGM
Sensyne Health PLCGM re strategic financing
Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News:

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22 Apr 2022 08:09

Itaconix raising £0.3m to bolster EU inventories

(Sharecast News) - Plant-based polymer specialist Itaconix announced a placing to raise £0.3m on Friday, to help strengthen its European Union inventories.

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