For release 19 April 2024
Itaconix
plc
("Itaconix" or the "Company")
Grants of Options & PDMR
dealings
Itaconix (AIM: ITX) (OTCQB: ITXXF),
a leading innovator in sustainable plant-based polymers used to
decarbonise everyday consumer products, announces a grant of
options to certain PDMRs and two historical grants of options to
PDMRs.
Grant of options on 17 April
2024
On 17 April 2024, a total of 155,000
options over ordinary shares of £0.50 in the Company ("Options")
were granted under the Company's employee share option plan. Of the
Options granted, 100,000 Options were granted to certain persons
discharging managerial responsibilities ("PDMRs"). The Options can
be exercised on or after the vesting date, subject to certain
financial and other performance conditions being met. The following
PDMRs were granted Options:
|
Name
|
Position
|
Number of Options granted
|
Exercise Price
|
Vesting date
|
|
John R. Shaw
|
Chief Executive Officer
|
35,700
|
152.5p
|
17 April 2025
|
|
Laura Denner
|
Chief Financial Officer
|
32,150
|
152.5p
|
17 April 2025
|
|
Yvon Durant
|
Chief Technical Officer
|
32,150
|
152.5p
|
17 April 2025
|
Historical grants of options to
PDMRs
On two occasions historically,
options over ordinary shares in the Company have been granted to
certain PDMRs, however, in error, these grants were not notified to
the market. These options are also exercisable on or after their
respective vesting dates, subject to certain financial and other
performance conditions being met. As at today's date, none of these
options have yet been exercised.
Details of these options are as
follows:
|
Date
of Option grant
|
Number of Options granted
|
*Equivalent number of Options post share
consolidation
|
*Exercise Price (post share consolidation)
|
Vesting date
|
|
John
R. Shaw
|
Chief Executive Officer
|
|
22 April 2022
|
3,951,154
|
79,023
|
275.5p
|
1 January 2022
|
|
22 April 2022
|
1,625,216
|
32,504
|
275.5p
|
1 January 2023
|
|
Laura Denner
|
Chief Financial Officer
|
|
22 April 2022
|
3,167,592
|
63,351
|
250.5p
|
1 January 2022
|
|
22 April 2022
|
1,302,916
|
26,057
|
250.5p
|
1 January 2023
|
|
28 October 2020
|
2,000,000
|
40,000
|
135.5p
|
28 October 2021
|
|
Yvon Durant
|
Chief Technology Officer
|
|
22 April 2022
|
3,580,212
|
71,604
|
250.5p
|
1 January 2022
|
|
22 April 2022
|
1,472,639
|
29,453
|
250.5p
|
1 January 2023
|
*On 15 August 2023, the Company
announced a 50 for 1 share consolidation. The number of share
options outstanding was adjusted to reflect the share
consolidation, as detailed above.
Following the above grants of
Options, John R. Shaw holds a total of 147,227 Options, Laura
Denner holds a total of 161,558 Options, and Yvon Durant holds a
total of 133,207 Options.
As at today's date, there are a total
of 594,995 Options outstanding.
|
Itaconix plc
|
+1 603
775-4400
|
|
John R. Shaw / Laura
Denner
|
|
|
Belvedere Communications
|
+44 (0)20 7653
8702
|
|
John West / Llewellyn
Angus
|
|
|
Canaccord Genuity - Nominated Adviser and Sole
Broker
|
+44 (0) 20 7523
8000
|
|
Adam James / Harry Pardoe
|
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
John Shaw
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Executive Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price(s)
|
Volume(s)
|
|
152.5p
|
35,700
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
17 April 2024
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Laura Denner
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Financial Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price(s)
|
Volume(s)
|
|
152.5p
|
32,150
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
17 April 2024
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Yvon Durant
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Technical Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price(s)
|
Volume(s)
|
|
152.5p
|
32,150
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
17 April 2024
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
John Shaw
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Executive Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price (post
consolidation)
|
Volume(s)
|
|
275.5p
|
3,951,154 (equivalent to
79,023 post share consolidation on 15
August 2023)
|
|
275.5p
|
1,625,216 (equivalent to
32,504 post share consolidation on 15
August 2023)
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
22 April 2022
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Laura Denner
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Financial Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price (post
consolidation)
|
Volume(s)
|
|
250.5p
|
3,167,592 (equivalent to
63,351 post share consolidation on 15
August 2023)
|
|
250.5p
|
1,302,916 (equivalent to
26,057 post share consolidation on 15
August 2023)
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
22 April 2022
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Yvon Durant
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Technical Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price (post
consolidation)
|
Volume(s)
|
|
250.5p
|
3,580,212 (equivalent to
71,604 post share consolidation on 15
August 2023)
|
|
250.5p
|
1,472,639 (equivalent to
29,453 post share consolidation on 15
August 2023)
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
22 April 2022
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
|
Notification of a Transaction pursuant to Article 19(1) of the
EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act
2018.
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
Laura Denner
|
|
2
|
Reason for notification
|
|
a.
|
Position/Status
|
Chief Financial Officer
|
|
b.
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Itaconix plc
|
|
b.
|
LEI
|
2138000KA3GOCK2ZA496
|
|
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
|
Options over Ordinary Shares of 10
pence each
GB00BPK3YZ68
|
|
b.
|
Nature of the transaction
|
Issuance of Options
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise Price (post
consolidation)
|
Volume(s)
|
|
135.5p
|
2,000,000 (equivalent to
40,000 post share consolidation on 15
August 2023)
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
N/a
|
|
e.
|
Date of the transaction
|
28 October 2020
|
|
f.
|
Place of the transaction
|
Outside a trading venue
|
About Itaconix
Itaconix uses its proprietary
plant-based polymer technology platform to produce and sell
specialty ingredients that improve the safety, performance, and
sustainability of consumer products. The Company's current
ingredients are enabling and leading new generations of products in
cleaning, hygiene, and beauty.
www.itaconix.com