Last checked at 9 Apr 2021 13:07
9 April 2021
Itaconix plc
("Itaconix" or "the Company")
Issue of Shares Under Contingent Consideration Plan, Director/PDMR dealings
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, announces that application has been made for the admission to trading on AIM of 1,923,389 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") (the "Application").
The Application is to satisfy a contingent consideration payment in respect of the Company's acquisition of Itaconix Corporation announced on 20 June 2016 and has been calculated in accordance with the terms of the Merger Agreement as varied and announced on 12 July 2018.
Pursuant to the Application, shares have been issued to certain PDMRs of the Company as set out below:
PDMR | Title | Number of Ordinary Shares received | Resulting Interest in Ordinary Shares % |
John R. Shaw | CEO | 884,953 | 10.4% |
Dr. Yvon G. Durant | CTO | 205,802 | 0.8% |
Application has been made for the admission to trading on AIM of these 1,923,389 Ordinary Shares, which is expected to occur on 12 April 2021. Following admission, the Company will have 434,371,642 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. The total number of voting rights in the Company is therefore 434,371,642. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interests in, the Company under the FCA's Disclosure and Transparency Rules.
- Ends -
Enquiries:
Itaconix | +1 (603) 775 4400
|
John R. Shaw / Laura Denner | |
Belvedere Communications | +44 (0) 20 3687 2756 |
John West / Llew Angus | |
N+1 Singer | +44 (0) 207 496 3000 |
Peter Steel / James Moat (Corporate Finance) Tom Salvesen (Corporate Broking) |
About Itaconix
Itaconix develops and produces bio-based specialty polymers that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leading positions in non-phosphate detergents, odour control, and hair styling.
www.itaconix.com
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | John R. Shaw | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Itaconix plc | |
b) | LEI | 213800OKA3GOCK2ZA496 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 1 pence each
GB00B84LVH87 | |
b) | Nature of the transaction | Vendor consideration | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 884,953 | ||
d)
| Aggregated information - Aggregated volume - Price | N/A | |
e) | Date of the transaction | 12 April 2021 | |
f) | Place of the transaction | London Stock Exchange | |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Dr. Yvon G. Durant | |
2 | Reason for the notification | ||
a) | Position/status | Chief Technology Officer | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Itaconix plc | |
b) | LEI | 213800OKA3GOCK2ZA496 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 1 pence each
GB00B84LVH87 | |
b) | Nature of the transaction | Vendor consideration | |
c)
| Price(s) and volume(s)
| Price | Volume |
N/A | 205,802 | ||
d)
| Aggregated information - Aggregated volume - Price | N/A | |
e) | Date of the transaction | 12 April 2021 | |
f) | Place of the transaction | London Stock Exchange | |