GRANTS OF OPTIONS & PDMR DEALINGS-ITACONIX PLC

GRANTS OF OPTIONS & PDMR DEALINGS-ITACONIX PLC

 

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.

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