Itaconix PLC - the chemicals company - Says all resolutions were duly passed at the general meeting held earlier on Tuesday in connection with the fundraising. The company also announces that GBP36,500 has been raised pursuant to the US additional subscription. Accordingly, Itaconix has raised, in aggregate, gross proceeds of GBP1.8 million pursuant to the fundraising. John Shaw, chief executive of Itaconix, said: "I appreciate the support of our existing shareholders and welcome new shareholders on our mission to deliver next generation consumer products based on our bio-based ingredients that are safer, have better performance, and are more sustainable. As we gain commercial momentum in key markets, completion of the Fundraising opens a new phase in the company's growth. I look forward to updating the market on our progress." Following the admission, the company will have 151.8 million shares overall.
Current stock price: 1.20 pence
Year-to-date change: down 22%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Itaconix Plc (ITX)