REG - Itaconix PLC - Share Consolidation & Total Voting Rights

ItaconixAnnouncement

22/08/2023 08:15

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RNS Number : 9890J  Itaconix PLC  22 August 2023

For release: 22 August 2023, 7am BST/2am EST

Itaconix plc

("Itaconix" or the "Company")

Share Consolidation & Total Voting Rights

 

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable
plant-based polymers used to decarbonise everyday consumer products, is
pleased to confirm that the Share Consolidation announced on 15 August 2023
has become effective.

Share Consolidation

 

At the Record Date, being 6.00 p.m. (BST) on 21 August 2023, 674,306,100
Existing Ordinary Shares were consolidated into 13,486,122 New Ordinary Shares
at a conversion ratio of 50:1.

 

Following the Share Consolidation, share certificates in respect of the
Existing Ordinary Shares have ceased to be valid and certificates in respect
of the New Ordinary Shares will be dispatched shortly to those shareholders
who hold their shares in certificated form. CREST Shareholders will have their
CREST account credited with their New Ordinary Shares following Admission.

 

Admission to trading on AIM and Total Voting Rights

 

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM. It is expected that Admission will
become effective and that dealings in the New Ordinary Shares will commence at
8.00 a.m. (BST) today, 22 August 2023.

 

The New Ordinary Shares will trade under the ISIN: GB00BPK3YZ68 and SEDOL:
BPK3YZ6.

 

The share capital of the Company is now 13,486,122 New Ordinary Shares of
which no shares are held in treasury. Therefore, the total number of voting
rights in the Company is 13,486,122. Shareholders may use this figure as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement should be read in conjunction with the Notice of AGM that
was published on 5 June 2023, copies of which are available on the Company's
website at www.itaconix.com (http://www.itaconix.com/) , and the Company's
announcement of 15 August 2023 titled Share Consolidation (the
"Announcement").  Capitalised terms in this announcement have the same
meaning as given in the Announcement, unless the context provides otherwise.

 

For further information please contact:

 Itaconix plc                                                     +1 603 775 4400
 John R. Shaw / Laura Denner
 Belvedere Communications                                         +44 (0) 20 3008 6864
 John West / Llew Angus
 finnCap                                                          +44 (0) 20 7220 0500
 Nominated Adviser & Joint Broker
 Ed Frisby / Abigail Kelly / Milesh Hindocha (Corporate Finance)

 Andrew Burdis / Sunila de Silva (ECM)

 

 Canaccord Genuity              +44 (0) 7523 8000
 Joint Broker
 Adam James / Patrick Dolaghan

 

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 products contribute to the global low carbon economy.

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

 

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