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ITACONIX PLC
Director's Dealing • Apr 19, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2540L
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 | +1 603 775-4400 |
| John R. Shaw / Laura Denner | |
| Belvedere Communications | +44 (0)20 7653 8702 |
| John West / Llewellyn Angus | |
| Canaccord Genuity - Nominated Adviser and Sole Broker | +44 (0) 20 7523 8000 |
| 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.
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