Business
Result of General Meeting
Result of General Meeting.
About this update from Itaconix Plc
[{"type":"text","content":"\n \n \n RNS Number : 9713S\n Itaconix PLC\n 14 July 2020\n \n \n \n \n \n \n \n \n \n \n Itaconix plc \n \n \n (\"Itaconix\" or the \"Company\") \n \n \n Result of US Additional Subscription, Result of General Meeting, Issue of Equity and Total Voting Rights\n \n \n Itaconix plc \n (LSE:ITX) (OTCQB:ITXXF) is pleased to announce that all resolutions were duly passed at the General Meeting held earlier today at 11.30 a.m. (UK time) in connection with the Fundraising announced by the Company on 23 June 2020. The Company also announces that £36,500 has been raised pursuant to the US Additional Subscription. \n \n \n Accordingly, \n the \n Company has raised, in aggregate, gross proceeds of approximately £1.8 million pursuant to the Fundraising\n .\n \n \n John R. Shaw, CEO of Itaconix, stated: \"I appreciate the support of our existing shareholders and welcome new shareholders on our mission to deliver next generation consumer products based on our bio-based ingredients that are safer, have better performance, and are more sustainable. As we gain commercial momentum in key markets, completion of the Fundraising opens a new phase in the Company's growth. I look forward to updating the market on our progress.\"\n \n \n Issue of Equity and Total Voting Rights \n \n \n A total of 151,769,048 new Ordinary Shares are therefore being issued and allotted, comprising 138,266,775 Second Placing Shares, 10,184,091 Subscription Shares and 3,318,182 US Additional Subscription Shares. Application has been made to the London Stock Exchange for the Second Placing Shares, the Subscription Shares and the US Additional Subscription Shares, all of which are being credited as fully paid and will be identical to and rank pari passu in all respects with the existing Ordinary Shares, to be admitted to trading on AIM (\"Admission\").\n It is expected that Admission will become effective and dealings will commence at 8.00 a.m. on 15 July 2020.\n \n \n Following Admission, the issued share capital of the Company will consist of 432,448,253 Ordinary Shares, with one voting right each. The above figures may be used by shareholders in the Company, following completion of the Fundraising as the denominator for the calculations by which they will determine if they are required to notify their interest in...