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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Itaconix Plc | LSE:ITX | London | Ordinary Share | GB00BPK3YZ68 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 153.00 | 146.00 | 160.00 | 153.00 | 148.00 | 153.00 | 536 | 08:00:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chemicals & Chem Preps, Nec | 5.6M | -2.46M | -0.1826 | -8.38 | 20.63M |
TIDMITX
RNS Number : 6531W
Itaconix PLC
02 August 2018
Itaconix plc ("Itaconix", the "Company" or the "Group")
Result of General Meeting
On 12 July 2018, Itaconix, a leading designer and manufacturer of specialty polymers, announced that it had conditionally raised c. GBP3.4 million before fees and expenses by way of the Placing with certain existing and new institutional and other investors and by way of the Subscription with certain existing US shareholders and other US investors at the Placing Price of 2 pence per share. On 1 August 2018, the Company announced that it had conditionally raised further additional gross proceeds of GBP0.13 million in aggregate from the Open Offer and US Additional Subscription.
The Company is pleased to announce that at the General Meeting held today, all Resolutions proposed were duly passed. The Fundraising remains conditional on, inter alia, Admission.
In addition to the 107,300,000 Placing Shares, the 61,259,188 Subscription Shares and the 6,275,405 Open Offer Shares and Additional Subscription Shares, the Company is issuing the 15,000,000 Contingent Consideration Shares to the Contingent Consideration Payees pursuant to the Contingent Consideration and Merger Settlement Agreement, as set out in the proposed Fundraising announcement on 12 July 2018.
Application has been made to the London Stock Exchange for the 189,834,593 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. on 3 August 2018.
Defined terms used in this announcement have the same meaning as those terms defined and used in the circular published in connection with the Fundraising, dated 13 July 2018.
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 283 Itaconix 500 Kevin Matthews / Rob Cridland N+1 Singer +44 (0) 207 496 3000 Richard Lindley / Jen Boorer (Corporate Finance)
N+1 Singer is acting as nominated adviser and broker and as agent for and on behalf of the Company for the Placing. N+1 Singer is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom. N+1 Singer is acting exclusively for the Company and no one else in connection with the Placing and N+1 Singer will not be responsible to anyone (including any Placees) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Placing or any other matters referred to in this announcement.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 02, 2018 06:57 ET (10:57 GMT)
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