Itaconix PLC Result of General Meeting (6531W)
02 August 2018 - 8:57PM
UK Regulatory
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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