Itaconix PLC Close of Accelerated Bookbuild (9160Q)
24 Giugno 2020 - 08:55AM
UK Regulatory
TIDMITX
RNS Number : 9160Q
Itaconix PLC
24 June 2020
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, THE REPUBLIC OF IRELAND, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO
SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS
OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END
OF THIS ANNOUNCEMENT AND AT THE START OF THE APPENDIX.
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 ORCHID 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.
Itaconix plc
("Itaconix" or the "Company")
Close of Accelerated Bookbuild
The Company is pleased to announce that further to the
announcement made yesterday on 23 June 2020 at 5.31 p.m., the
Bookbuild has been successful, was oversubscribed and has now
closed. Participants in the Placing will be contacted by N+1 Singer
and Allenby Capital later today to confirm their allocations. A
further announcement will be made in due course confirming details
of the Fundraise . The Company reserves the right to increase the
overall size of the Fundraise.
Admission of the First Placing Shares and the Second Placing
Shares is conditional, inter alia, upon the Placing Agreement not
having been terminated and becoming unconditional in respect of
those shares. Admission of the Second Placing Shares is also
conditional on the passing of the resolutions by Shareholders at
the General Meeting.
Save as otherwise defined, capitalised terms used in this
announcement have the meanings given to them in the announcement
released by the Company at 5.31pm on 23 June 2020.
Ends
For further information please contact:
Itaconix Plc +44 (0) 1244 283 500
John Shaw, Chief Executive Officer
Laura Denner, Chief Financial Officer and
Company Secretary
www.itaconix.com
N+1 Singer (Nominated Adviser and Joint
Broker) +44 (0) 207 496 3000
Peter Steel / James Moat
Tom Salvesen
Allenby Capital Limited (Joint Broker) +44 (0) 203 328 5656
Amrit Nahal (Broking)
Nick Athanas / Liz Kirchner (Corporate
Finance)
About Orchid
Orchid plc (LSE: ITX) is a leading innovator in bio-based
functional ingredients for improving the safety and performance of
homecare, personal care, and industrial products. Its proprietary
polymer technology generates a growing range of new ingredients
with unique functionality that meet consumer demands for value and
sustainability.
www.orchid.com
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END
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June 24, 2020 02:55 ET (06:55 GMT)
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