Itaconix PLC Issue of Shares, Director/PDMR Dealings (0175V)
09 Aprile 2021 - 2:07PM
UK Regulatory
TIDMITX
RNS Number : 0175V
Itaconix PLC
09 April 2021
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 Resulting Interest
Shares received 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 Initial
/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 the Ordinary shares of 1 pence each
financial instrument,
type of instrument GB00B84LVH87
Identification code
-------------------------------------------- -----------------------------------
b) Nature of the transaction Vendor consideration
-------------------------------------------- -----------------------------------
c) Price(s) and volume(s) Price Volume
-------------------------------------------- --------------- ------------------
N/A 884,953
----------------------------------------------------------------- ------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------------------- -----------------------------------
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 Initial
/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 the Ordinary shares of 1 pence each
financial instrument,
type of instrument GB00B84LVH87
Identification code
-------------------------------------------- -----------------------------------
b) Nature of the transaction Vendor consideration
-------------------------------------------- -----------------------------------
c) Price(s) and volume(s) Price Volume
-------------------------------------------- --------------- ------------------
N/A 205,802
----------------------------------------------------------------- ------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------------------- -----------------------------------
e) Date of the transaction 12 April 2021
-------------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------------- -----------------------------------
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END
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April 09, 2021 08:07 ET (12:07 GMT)
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