Suspension of Share Trading and Financing Update

RNS Number : 9825S

Itaconix PLC

29 June 2018

 

Itaconix plc ("Itaconix", the "Company" or the "Group")

Suspension of Share Trading and Financing Update

Itaconix announces that trading in the Company's ordinary shares on AIM will be suspended with immediate effect pending clarification of its financial position. 

The Group has a requirement for further funding, as previously announced.  Whilst the Company has been, and continues to explore all funding and other options, there is no guarantee that a fund raise will be successfully concluded.  In the event that the Company is unable to raise such funding, the Company will enter into some form of insolvency procedure.  

As a result of the requirement for further funding, the Company will not be in a position to publish its annual audited accounts for the year ended 31 December 2017 by 30 June 2018, as required by AIM Rule 19. 

Further announcements will be made as appropriate.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Ends

For further information please contact:

Itaconix	[phone]
Kevin Matthews / Rob Cridland
N+1 Singer	[phone]
Richard Lindley / Jen Boorer (Corporate Finance)

 

END

 

 

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