REG - Itaconix PLC - Statement re Production Resumption

ItaconixAnnouncement

21/12/2021 07:00

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RNS Number : 2691W  Itaconix PLC  21 December 2021

For release: 7:00am on 21 December 2021

Itaconix plc

("Itaconix" or the "Company")

 

Production Resumed after Storm Damage

 

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based
specialty polymers used as essential ingredients in everyday consumer
products, is pleased to provide an update to the 4 November 2021 announcement
regarding the temporary interruption to operations due to water damage.

The Company was successful with interim measures to resume production in the
middle of November, with permanent repairs scheduled to be completed in the
coming weeks.

Itaconix has met and expects to continue to meet all customer orders. The
Company is working closely with one large customer on minor delivery delays
that will not impact the customer's operating needs.

Itaconix has filed a claim with the relevant insurers to cover the costs of
both property damage and operational costs incurred.

 

For further information please contact:

 Itaconix plc                                                     +1 603 775 4400
 John R. Shaw / Laura Denner
 Belvedere Communications                                         +44 (0) 20 3687 2756
 John West / Llew Angus
 finnCap                                                          +44 (0) 20 7220 0500
 Ed Frisby / Abigail Kelly / Milesh Hindocha (Corporate Finance)

 Andrew Burdis / Sunila de Silva (ECM)

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

 

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.

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