Grants of Options & PDMR dealings
Itaconix PLC announced the grant of 384,025 share options under its employee share option plan, with 216,350 options allocated to persons discharging managerial responsibilities (PDMRs). Specifically, CEO John Shaw received 14,871 options at an exercise price of £1.055 for 2025 long-term incentives and 107,888 options at the same price for 2026-2028 long-term incentives, while CFO Laura Denner received 12,675 options at £1.055 for 2025 and 80,916 options at £1.055 for 2026-2028. These long-term incentive options are subject to revenue, adjusted EBITDA, and total shareholder return targets over five years, alongside continued employment. As of the announcement date, a total of 956,302 options are outstanding.
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Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in high-performance plant-based specialty polymers, announces a grant of options to certain PDMRs.
On 21 April 2026, a total of 384,025 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, 216,350 Options were granted to certain persons discharging managerial responsibilities ("PDMRs"). The following PDMRs were granted Options:
Grant of options for 2025 Long Term Incentives
| Name | Position | Number of Options granted | Exercise Price | Vesting date |
|---|---|---|---|---|
| John R. Shaw | Chief Executive Officer | 14,871 | £1.055 | 21 April 2026 |
| Laura Denner | Chief Financial Officer | 12,675 | £1.055 | 21 April 2026 |
| Grant of options for 2026-2028 Long Term Incentives | ||||
| Name | Position | Number of Options granted | Exercise Price | |
| John R. Shaw | Chief Executive Officer | 107,888 | £1.055 | |
| Laura Denner | Chief Financial Officer | 80,916 | £1.055 | |
The Company's employee share option plan has been designed to reward employees of the Company for performance that delivers value for shareholders and incentivise employees to work effectively together to deliver key corporate objectives. The vesting of the 2026-2028 Long Term Incentive Options is based on achievement of revenue, adjusted EBITDA, and total shareholder return targets within the next 5 years and continued employment.
As at today's date, there are a total of 956,302 Options outstanding.
| Itaconix plc | +1 603 775-4400 | |
| John R. Shaw / Laura Denner | ||
| Rosewood | +44 (0)20 7653 8702 | |
| John West / Llewellyn Angus | ||
| Canaccord Genuity - Nominated Adviser and Sole Broker | +44 (0) 20 7523 8000 | |
| Adam James / Harry Pardoe | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | John Shaw |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Executive Officer |
| b. | Initial notification/ Amendment | Initial Notification |
| a. | Name | Itaconix plc |
| b. | LEI | 2138000KA3GOCK2ZA496 |
| a. | Description of the financial instrument, type of instrument Identification Code | Options over Ordinary Shares of 10 pence each GB00BPK3YZ68 |
| b. | Nature of the transaction | Issuance of Options |
| c. | Price(s) and volume(s) | Exercise Price(s) Volume(s) £1.055 14,871 |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Laura Denner |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Financial Officer |
| b. | Initial notification/ Amendment | Initial Notification |
| a. | Name | Itaconix plc |
| b. | LEI | 2138000KA3GOCK2ZA496 |
| a. | Description of the financial instrument, type of instrument Identification Code | Options over Ordinary Shares of 10 pence each GB00BPK3YZ68 |
| b. | Nature of the transaction | Issuance of Options |
| c. | Price(s) and volume(s) | Exercise Price(s) Volume(s) £1.055 12,675 |
| d. | Aggregated information - Aggregated Volume - Price | N/a |
| f. | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | John Shaw |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Executive Officer |
| b. | Initial notification/ Amendment | Initial Notification |
| a. | Name | Itaconix plc |
| b. | LEI | 2138000KA3GOCK2ZA496 |
| a. | Description of the financial instrument, type of instrument Identification Code | Options over Ordinary Shares of 10 pence each GB00BPK3YZ68 |
| b. | Nature of the transaction | Issuance of Options |
| c. | Price(s) and volume(s) | Exercise Price(s) Volume(s) £1.055 107,888 |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Laura Denner |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Financial Officer |
| b. | Initial notification/ Amendment | Initial Notification |
| a. | Name | Itaconix plc |
| b. | LEI | 2138000KA3GOCK2ZA496 |
| a. | Description of the financial instrument, type of instrument Identification Code | Options over Ordinary Shares of 10 pence each GB00BPK3YZ68 |
| b. | Nature of the transaction | Issuance of Options |
| c. | Price(s) and volume(s) | Exercise Price(s) Volume(s) £1.055 80,916 |
| d. | Aggregated information - Aggregated Volume - Price | N/a |
| f. | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.