Itaconix PLC Share Consolidation & Total Voting Rights (9890J)
August 22 2023 - 2:00AM
UK Regulatory
TIDMITX
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 , 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
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END
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