Itaconix PLC Exercise of Options, Directors' Dealing & TVR (6582W)

TIDMITX

RNS Number : 6582W

Itaconix PLC

02 August 2018

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

Exercise of Options, Directors' Dealing

& Total Voting Rights

Itaconix (AIM: ITX) announces that on 2 August 2018, Robin Cridland, Executive Director, exercised options over 682,830 ordinary shares of 1p each in the Company ("Ordinary Shares"), as detailed below, and a former employee exercised options over 66,570 Ordinary Shares.

In connection with this exercise, application has been made to the London Stock Exchange for 577,530 new Ordinary Shares to be admitted to trading on AIM (the balance of 171,870 new Ordinary Shares have been satisfied by a transfer of Ordinary Shares from the Employee Benefit Trust, which have already been admitted to trading). It is expected that admission will become effective, and that dealings in the new Ordinary Shares will commence, on or around 8 August 2018.

Following admission of the new Ordinary Shares, the Company will have 269,130,071 Ordinary Shares in issue (including shares issued as part of the fundraising, as separately announced). The total number of voting rights of the Company will be 269,130,071. This figure may be used by Shareholders 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.

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

Ends

For further information please contact:

 
                                    +44 (0) 1244 
 Itaconix                            283 500 
 Kevin Matthews / Robin Cridland 
                                    [phone] 
 N+1 Singer                          3000 
 Richard Lindley / Jen Boorer 
  (Corporate Finance) 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
----  ----------------------------------------------------------------------------------------------- 
 a)    Name                                                           ROBIN CRIDLAND 
----  -------------------------------------------------------------  -------------------------------- 
 2     Reason for the notification 
----  ----------------------------------------------------------------------------------------------- 
                                                                      EXECUTIVE DIRECTOR 
  a)    Position/status 
----  -------------------------------------------------------------  -------------------------------- 
 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                                                            213800OKA3GOCK2ZA496 
----  -------------------------------------------------------------  -------------------------------- 
 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    Ordinary Shares of 1 pence each 
        Identification code                                            GB00B84LVH87 
----  -------------------------------------------------------------  -------------------------------- 
 b)    Nature of the transaction                                      Exercise of share options 
----  -------------------------------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                                            Price(s)      Volume(s) 
                                                                       --------------  ---------- 
                                                                        NIL pence       682,830 
                                                                         per Ordinary    Ordinary 
                                                                         Share           Shares 
                                                                       --------------  ---------- 
----  -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information                                         N/a single transaction 
        - Aggregated volume 
        - Price 
----  -------------------------------------------------------------  -------------------------------- 
 e)    Date of the transaction                                        2 August 2018 
----  -------------------------------------------------------------  -------------------------------- 
 f)    Place of the transaction                                       London Stock Exchange, AIM 
----  -------------------------------------------------------------  -------------------------------- 
 

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END

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(END) Dow Jones Newswires

August 02, 2018 07:49 ET (11:49 GMT)