ITX.L

Itaconix Plc
Itaconix PLC - Grants of Options & PDMR dealings
19th April 2024, 06:00
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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/

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(s)

Volume(s)

152.5p

35,700

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/

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(s)

Volume(s)

152.5p

32,150

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/

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(s)

Volume(s)

152.5p

32,150

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/

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)

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

- 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/

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

3,167,592 (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

- 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/

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)

135.5p

2,000,000 (equivalent to 40,000 post share consolidation on 15 August 2023)

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 

 

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