Itaconix Plc Regulatory News (ITX)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ITACONIX PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ITACONIX PLC.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.

Itaconix plc

("Itaconix" or "the Company" or the "Group")

Result of Open Offer & US Additional Subscription

On 12 July 2018 Itaconix, a leading designer and manufacturer of specialty polymers, announced that it had conditionally raised c. £3.4 million before fees and expenses by a Placing with certain existing and new institutional and other investors and by a Subscription with certain existing US shareholders and other US investors at the Placing Price of 2 pence per share. Furthermore, the Company stated that it proposed to raise further funds by way of the Open Offer to Eligible Shareholders and the offer to certain US Eligible Participants to invest in the US Additional Subscription at the Placing Price.

The Company announces the result of the Open Offer which closed for acceptances at 11.00 a.m. on 31 July 2018. Valid acceptances including excess applications have been received in respect of 5,925,405 Open Offer Shares. All valid applications under the Open Offer, including those in excess of the basic entitlement, will accordingly be satisfied in full. Accordingly the Open Offer has conditionally raised gross proceeds of c. £0.12 million.

In addition, the Company has conditionally raised a further c. £0.01 million pursuant to the US Additional Subscription by a subscription of 350,000 Additional Subscription Shares by certain US Eligible Participants.

The Company has therefore conditionally raised additional gross proceeds of £0.13 million in aggregate from the Open Offer and US Additional Subscription to raise total gross proceeds of £3.5 million from the Fundraising.

The Fundraising remains conditional upon, amongst other things, approval by existing Shareholders at a General Meeting of the Company, expected to be held at the offices of Fieldfisher LLP at Riverbank House, 9th Floor, 2 Swan Lane, London EC4R 3TT at 11.00 a.m. on 2 August 2018.

This announcement should be read in conjunction with the full text of the circular dated 13 July 2018, published in connection with the Fundraising and defined terms used in this announcement shall have the same meaning as those terms defined and used in such circular.

For further information please contact:

Important Notice

N+1 Singer is acting as nominated adviser and broker and as agent for and on behalf of the Company for the Placing. N+1 Singer is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom. N+1 Singer is acting exclusively for the Company and no one else in connection with the Placing and N+1 Singer will not be responsible to anyone (including any Placees) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any other matters referred to in this announcement.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by N+1 Singer or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.

No statement in this announcement is intended to be a profit forecast or estimate, and no statement in this announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.

The Placing Shares, the Subscription Shares, the Open Offer Shares and the Additional Subscription Shares will not be admitted to trading on any stock exchange other than on the AIM market of the London Stock Exchange.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.