Business
Results of Open Offer, GM and Total Voting Rights
Results of Open Offer, GM and Total Voting Rights.
About this update from Itaconix Plc
[{"type":"text","content":"\n \n \n \n \n22 February 2023\n \n \n THIS 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, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF THE COMPANY. \n \n \n This announcement should be read in conjunction with the full text of the Circular issued on 6 FEBRUARY 2023. All capitalised terms used in this announcement and not otherwise defined shall have the meanings given to them in the Circular.\n \n \n \n \n \n \n Itaconix plc\n \n \n \n (\"Itaconix\", the \"Company\" or the \"Group\")\n \n \n \n Results of Open Offer, General Meeting\n \n \n \n \n and Total Voting Rights\n \n \n \n The Board of Itaconix plc, a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products, is pleased to announce that it has received valid acceptances from Qualifying Shareholders in respect of 4,513,420 Open Offer Shares. This represents approximately 58.2 per cent. of the 7,760,852 New Ordinary Shares available under the Open Offer.\n \n \n The Board also announces that at the General Meeting held earlier today, all Resolutions were duly passed by Shareholders.\n \n \n The Company has therefore raised, in aggregate, gross proceeds of approximately £10.5 million through the Placing, Subscription and Open Offer.\n \n \n \n Admission and Total Voting Rights\n \n \n \n Application has been made for the 138,563,048 New Ordinary Shares (being the\n 133,094,856 Conditional Placing Shares\n ,\n 954,772\n Subscription Shares and 4,513,420 Open Offer Shares) to be admitted to trading on AIM. It is expected that the\n Admission of the Conditional Placing Shares, the Subscription Shares and the Open Offer Shares\n will occur and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 27 February 2023.\n \n \n Following Admission, the total number of Or...