REG - Itaconix PLC - Result of AGM

ItaconixAnnouncement

01/07/2022 14:45

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RNS Number : 0753R  Itaconix PLC  01 July 2022

For immediate release

 

Itaconix plc

("Itaconix" or the "Company")

Result of Annual General Meeting

and

Board Change

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based
specialty polymers used as essential ingredients in everyday consumer
products, announces the results of the Annual General Meeting ("AGM") of its
shareholders held at 1.00 pm today.

At the AGM, resolutions 1 to 3 (inclusive), 6 to 9 (inclusive), 11 and 12 were
duly passed. Resolutions 4, 5 and 10 were not passed.

As a result, the Board now comprises Dr. James Barber (Non-Executive Chairman)
and John R. Shaw (Chief Executive Officer).

John R. Shaw, Chief Executive Officer, commented: "We are active in the
process of recruiting new members to our Board and will update the market in
due course. I want to thank John Snow and Charlean Gmunder for their service
to the Company."

In relation to those resolutions not passed, valid proxy instructions were as
follows:

 

 Ordinary resolutions                                                      Votes For                        Votes Against                    Total Votes Cast              Votes Withheld
                                                                           No of shares  % of shares voted  No of shares  % of shares voted  No of shares  % of ISC voted  No of shares
 4. To re-appoint John I. Snow III as a Director of the Company            63,259,795    44.90%             77,626,866    55.10%             140,886,661   31.30%          316,420
 5. To re-appoint Charlean Gmunder as a Director of the Company            66,848,169    47.45%             74,038,492    52.55%             140,886,661   31.30%          316,420
 10. To approve and adopt the Itaconix plc 2022 Equity Participation Plan  25,133,646    20.84%             95,491,368    79.16%             120,625,014   26.80%          20,578,067

 

 

 

A copy of the resolutions are included in the Company's Circular and Notice of
Annual General Meeting which is available on the Company's website:
www.itaconix.com/investor/reports-documents/
(http://www.itaconix.com/investor/reports-documents/)

 

- Ends -

 

For further information please contact:

 Itaconix plc                                                     +1 603 775 4400
 John R. Shaw / Laura Denner
 Belvedere Communications                                         +44 (0) 74 070 23147
 John West / Llew Angus
 finnCap                                                          +44 (0) 20 7220 0500
 Ed Frisby / Abigail Kelly / Milesh Hindocha (Corporate Finance)

 Andrew Burdis / Sunila de Silva (ECM)

 

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 detergents, hygiene, and
hair care. Itaconix's contributions to the global low carbon economy are
recognised by the London Stock Exchange's Green Economy Mark.

www.itaconix.com (http://www.itaconix.com/)

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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