TIDMITX

RNS Number : 1192T

Itaconix PLC

15 July 2020

Itaconix plc ("Itaconix" or "the Company")

PDMR Shareholding

Itaconix announces that, further to the "Result of Fundraise" announcement made by the Company on 24 June 2020, the following Directors and PDMRs of the Company subscribed for Ordinary Shares pursuant to the Second Placing, which completed today, as follows:

 
 
                                                                   Number of       Percentage 
                                               Number of     Ordinary Shares      of Enlarged 
                          Number of       Second Placing                held    Share Capital 
                  Existing Ordinary    Shares subscribed           on Second        on Second 
 Name                        Shares                  for           Admission        Admission 
--------------  -------------------  -------------------  ------------------  --------------- 
 John R. Shaw            33,894,915           10,181,818          44,076,733           10.19% 
                -------------------  -------------------  ------------------  --------------- 
 James Barber             1,466,818            1,090,909           2,557,727            0.59% 
                -------------------  -------------------  ------------------  --------------- 
 John Snow 
  III                     1,849,568              727,273           2,576,841            0.60% 
                -------------------  -------------------  ------------------  --------------- 
 Bryan Dobson               583,500              454,545           1,038,045            0.24% 
                -------------------  -------------------  ------------------  --------------- 
 Laura Denner             6,696,535            5,454,545          12,151,080            2.81% 
                -------------------  -------------------  ------------------  --------------- 
 

Capitalised terms used in this announcement shall, unless otherwise stated, bear the same meaning ascribed to such terms in the announcement made by the Company on 23 June 2020 to announce the launch of the Fundraising.

Ends

For further information please contact:

 
 
 Itaconix Plc                               +1 (603) 775 4400 
 John Shaw, Chief Executive Officer 
 Laura Denner, Chief Financial Officer 
  and Company Secretary 
 www.itaconix.com 
 
 N+1 Singer (Nominated Adviser and Joint      +44 (0) 207 496 
  Broker)                                                3000 
 Peter Steel / James Moat 
  Tom Salvesen 
 
                                              +44 (0) 203 328 
 Allenby Capital Limited (Joint Broker)                  5656 
 Amrit Nahal (Broking) 
  Nick Athanas / Liz Kirchner (Corporate 
  Finance) 
 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 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                 Initial notification 
        /Amendment 
      -----------------------------------  -------------------------------------- 
 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                       Ordinary shares of 1 pence each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification 
        code 
 
 b)    Nature of the                        Subscription in a placing 
        transaction 
      -----------------------------------  -------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            ----------------  ----------------- 
                                             Price(s)          Volume(s) 
                                            ----------------  ----------------- 
    1.1 pence                                                  10,181,818 
   ---------------------------------------------------------  ----------------- 
 
 d)    Aggregated information               n/a - single transaction 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the transaction              15 July 2020 
      -----------------------------------  -------------------------------------- 
 f)    Place of the                         Outside a trading venue 
        transaction 
      -----------------------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 James Barber 
      -----------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                      Independent Non-Executive Chairman 
      -----------------------------------  ----------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  ----------------------------------------- 
 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                       Ordinary shares of 1 pence each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification 
        code 
 
 b)    Nature of the                        Subscription in a placing 
        transaction 
      -----------------------------------  ----------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -------------------  ----------------- 
                                             Price(s)             Volume(s) 
                                            -------------------  ----------------- 
    1.1 pence                                                     1,090,909 
   ------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information               n/a - single transaction 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the transaction              15 July 2020 
      -----------------------------------  ----------------------------------------- 
 f)    Place of the                         Outside a trading venue 
        transaction 
      -----------------------------------  ----------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 John Snow III 
      -----------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                      Independent Non-Executive Director 
      -----------------------------------  ----------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  ----------------------------------------- 
 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                       Ordinary shares of 1 pence each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification 
        code 
 
 b)    Nature of the                        Subscription in a placing 
        transaction 
      -----------------------------------  ----------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -------------------  ----------------- 
                                             Price(s)             Volume(s) 
                                            -------------------  ----------------- 
    1.1 pence                                                     727,273 
   ------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information               n/a - single transaction 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the transaction              15 July 2020 
      -----------------------------------  ----------------------------------------- 
 f)    Place of the                         Outside a trading venue 
        transaction 
      -----------------------------------  ----------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Bryan Dobson 
      -----------------------------------  ----------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                      Independent Non-Executive Director 
      -----------------------------------  ----------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  ----------------------------------------- 
 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                       Ordinary shares of 1 pence each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification 
        code 
 
 b)    Nature of the                        Subscription in a placing 
        transaction 
      -----------------------------------  ----------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -------------------  ----------------- 
                                             Price(s)             Volume(s) 
                                            -------------------  ----------------- 
    1.1 pence                                                     454,545 
   ------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information               n/a - single transaction 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the transaction              15 July 2020 
      -----------------------------------  ----------------------------------------- 
 f)    Place of the                         Outside a trading venue 
        transaction 
      -----------------------------------  ----------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                 Laura Denner 
      -----------------------------------  -------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status                      Chief Financial Officer, PDMR 
      -----------------------------------  -------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  -------------------------------------- 
 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                       Ordinary shares of 1 pence each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification 
        code 
 
 b)    Nature of the                        Subscription in a placing 
        transaction 
      -----------------------------------  -------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                            -----------------  ---------------- 
                                             Price(s)           Volume(s) 
                                            -----------------  ---------------- 
    1.1 pence                                                   5,454,545 
   ----------------------------------------------------------  ---------------- 
 
 d)    Aggregated information               n/a - single transaction 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the transaction              15 July 2020 
      -----------------------------------  -------------------------------------- 
 f)    Place of the                         Outside a trading venue 
        transaction 
      -----------------------------------  -------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Laura Denner

Company Secretary to Itaconix plc

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 15, 2020 10:04 ET (14:04 GMT)

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