REG - Itaconix PLC - Grants of Options & PDMR dealings
19/04/2024 07:00
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RNS Number : 2540L Itaconix PLC 19 April 2024
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
e. Date of the transaction 17 April 2024
f. Place of the transaction Outside a trading venue
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
e. Date of the transaction 17 April 2024
f. Place of the transaction Outside a trading venue
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
e. Date of the transaction 17 April 2024
f. Place of the transaction Outside a trading venue
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
e. Date of the transaction 22 April 2022
f. Place of the transaction Outside a trading venue
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
e. Date of the transaction 22 April 2022
f. Place of the transaction Outside a trading venue
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/ Initial Notification
Amendment
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 Options over Ordinary Shares of 10 pence each
Identification Code 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 N/a
- Aggregated Volume
- Price
e. Date of the transaction 28 October 2020
f. Place of the transaction Outside a trading venue
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 (http://www.itaconix.com/)
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