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Itaconix produces key ingredients for new generations of safer consumer products with superior performance and sustainability.
Using our proprietary plant-based technology, Itaconix develops uniquely functional ingredients that are safer for people and the planet.
We are building a large, profitable specialty ingredient company with safer products for the low carbon economy. Our growth rate has just begun to tap the potential of the addressable market.
Itaconix has entered a new era of development toward our long-term goal of becoming a large, highly profitable, capital-efficient specialty-ingredient company.
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29 June 2018
Itaconix plc (“Itaconix”, the “Company” or the “Group”)
Suspension of Share Trading and Financing Update
Itaconix announces that trading in the Company’s ordinary shares on AIM will be suspended with immediate effect pending clarification of its financial position.
The Group has a requirement for further funding, as previously announced. Whilst the Company has been, and continues to explore all funding and other options, there is no guarantee that a fund raise will be successfully concluded. In the event that the Company is unable to raise such funding, the Company will enter into some form of insolvency procedure.
As a result of the requirement for further funding, the Company will not be in a position to publish its annual audited accounts for the year ended 31 December 2017 by 30 June 2018, as required by AIM Rule 19.
Further announcements will be made as appropriate.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Ends
For further information please contact:
Itaconix +44 (0) 1244 283 500
Kevin Matthews / Rob Cridland
N+1 Singer +44 (0) 207 496 3000
Richard Lindley / Jen Boorer (Corporate Finance)
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