Business
Further Details on the Fundraising
Further Details on the Fundraising.
About this update from Itaconix Plc
[{"type":"text","content":"\n \nRNS Number : 5104U Itaconix PLC 12 July 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ITACONIX PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ITACONIX PLC.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.\n \nItaconix plc\n \n(\"Itaconix\" or \"the Company\" or the \"Group\")\n \nFurther Details on the Fundraising and Participation of Directors and \nSubstantial Shareholders in the Fundraising \n \nItaconix, a leading designer and manufacturer of specialty polymers, confirms that, further to the announcement made earlier today, it has conditionally raised c. £3.4 million before fees and expenses by a Placing of 107,300,000 Placing Shares with certain existing and new institutional and other investors and by a Subscription of 61,260,000 Subscription Shares with certain existing US shareholders and other US investors at the Placing Price of 2 pence per share. The Placing Price of 2 pence represents a 70.4 per cent. discount to the Closing Price of 6.75 pence on 28 June 2018, being the last day prior to the suspension of the Ordinary Shares from trading on AIM.\n \nThe Company announces that, as part of the Placing, Woodford Investment Management, IP2IPO Limited and Janus Henderson Investors have subscribed for Placing Shares (the \"Related Party Transactions\") as detailed further below.\nDirectors and PDMR's participation in the Fundraising\nCertain of the Directors and John Shaw, who is to be appointed Chief Executive Officer, (the \"Proposed Director\") have ...