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 shares | % of shares voted | No of shares | % of shares voted | No of shares | % of ISC voted | No of shares | |
| 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.
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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