Grants of Options & PDMR dealings

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	[phone]
John R. Shaw / Laura Denner
Belvedere Communications	[phone]
John West / Llewellyn Angus
Canaccord Genuity - Nominated Adviser and Sole Broker	[phone]
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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