ITX.GB Itaconix Plc

TIDMITX

RNS Number : 0753R

Itaconix PLC

01 July 2022

For immediate release

Itaconix plc

("Itaconix" or the "Company")

Result of Annual General Meeting

and

Board Change

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products, announces the results of the Annual General Meeting ("AGM") of its shareholders held at 1.00 pm today.

At the AGM, resolutions 1 to 3 (inclusive), 6 to 9 (inclusive), 11 and 12 were duly passed. Resolutions 4, 5 and 10 were not passed.

As a result, the Board now comprises Dr. James Barber (Non-Executive Chairman) and John R. Shaw (Chief Executive Officer).

John R. Shaw, Chief Executive Officer, commented: "We are active in the process of recruiting new members to our Board and will update the market in due course. I want to thank John Snow and Charlean Gmunder for their service to the Company."

In relation to those resolutions not passed, valid proxy instructions were as follows:

 
Ordinary resolutions    Votes For                Votes Against            Total Votes Cast       Votes Withheld 
                        No of       % of shares  No of       % of shares  No of        % of ISC  No of shares 
                         shares      voted        shares      voted        shares       voted 
4. To re-appoint 
 John I. Snow III 
 as a Director 
 of the Company         63,259,795  44.90%       77,626,866  55.10%       140,886,661  31.30%    316,420 
5. To re-appoint 
 Charlean Gmunder 
 as a Director 
 of the Company         66,848,169  47.45%       74,038,492  52.55%       140,886,661  31.30%    316,420 
10. To approve 
 and adopt the 
 Itaconix plc 2022 
 Equity Participation 
 Plan                   25,133,646  20.84%       95,491,368  79.16%       120,625,014  26.80%    20,578,067 
 

A copy of the resolutions are included in the Company's Circular and Notice of Annual General Meeting which is available on the Company's website: www.itaconix.com/investor/reports-documents/

- Ends -

For further information please contact:

 
Itaconix plc                                  +1 603 775 4400 
John R. Shaw / Laura Denner 
Belvedere Communications                      +44 (0) 74 070 23147 
John West / Llew Angus 
finnCap                                       +44 (0) 20 7220 0500 
Ed Frisby / Abigail Kelly / Milesh Hindocha 
 (Corporate Finance) 
 Andrew Burdis / Sunila de Silva (ECM) 
 

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 detergents, hygiene, and hair care. Itaconix's contributions to the global low carbon economy are recognised by the London Stock Exchange's Green Economy Mark.

www.itaconix.com

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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END

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(END) Dow Jones Newswires

July 01, 2022 09:37 ET (13:37 GMT)

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