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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