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Director/PDMR Shareholding

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RNS Number : 0334V
ITM Power PLC
28 November 2019
 

28 November 2019

 

ITM Power plc

("ITM Power" or "the Company")

 

Exercise of Options, Total Voting Rights

 

ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that the following the Executive Directors have exercised options over ordinary shares of the Company:

 

Executive Director

Type of Option to be exercised

Exercise Price

Number of Shares over which Option is expected to be exercised

Graham Cooley

EMI

18.75p

640,000

Graham Cooley

Unapproved

18.75p

360,000

Simon Bourne

EMI

18.75p

200,000

Rachel Smith

EMI

24.25p

100,000

 

In addition, a further 50,000 options have been exercised by ITM Power staff deemed not to be Persons Discharging Management Responsibility ("PDMR") at an exercise price of 24.25p.

 

Following the exercise, the Executive Directors, deemed to be PDMRs, have the following interests in ordinary shares:

 

Executive director

Position

Number of Shares

% of issued share capital

Graham Cooley

CEO

2,137,726

0.45%

Simon Bourne

CTO

549,462

0.12%

Rachel Smith

Executive Director

180,886

0.04%

 

Following the exercise of options, the issued share capital of the Company comprises 472,662,527 ordinary shares with one voting right per share.  The Company does not hold any shares in treasury. Therefore, this figure of 472,662,527 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of ITM Power under the FCA's Disclosure Guidance and Transparency Rules.

 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 29 November 2019.

 

For further information, please visit www.itm-power.com or contact:

 

ITM Power plc

(0)114 244 5111

Nicola Ham Edmonds, Company Secretary

 

 

 

Investec Bank plc (Nominated Adviser and Broker)

(0)20 7597 5970

Jeremy Ellis / Chris Sim

 

 

 

Tavistock (Financial PR and IR)

(0)20 7920 3150

Simon Hudson / Barney Hayward

 

 

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of green hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  In October 2019, the Company announced the completion of a £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering green hydrogen to large scale industrial projects worldwide.  ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Graham Cooley

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ITM Power plc

b)

LEI

21380042MB2JKZ6RRP12

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 5p each

 

 

Identification code

ISIN: GB00B0130H42

 

 

b)

Nature of the transaction

Exercise of Options[, Sale of Shares]

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

18.75p

1,000,000

d)

 

Aggregated information

 

 

 

- Aggregated volume

1,000,000

 

 

- Price

18.75p

 

 

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Bourne

2

Reason for the notification

a)

Position/status

Chief Technical Officer

b)

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ITM Power plc

b)

LEI

21380042MB2JKZ6RRP12

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 5p each

 

 

Identification code

ISIN: GB00B0130H42

 

 

b)

Nature of the transaction

Exercise of Options[, Sale of Shares]

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

18.75p

200,000

d)

 

Aggregated information

 

 

 

- Aggregated volume

200,000

 

 

- Price

18.75p

 

 

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rachel Smith

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ITM Power plc

b)

LEI

21380042MB2JKZ6RRP12

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 5p each

 

 

Identification code

ISIN: GB00B0130H42

 

 

b)

Nature of the transaction

Exercise of Options[, Sale of Shares]

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

24.25p

100,000

d)

 

Aggregated information

 

 

 

- Aggregated volume

100,000

 

 

- Price

24.25p

 

 

e)

Date of the transaction

25 November 2019

f)

Place of the transaction

Outside a trading venue

 

-ends-


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: ITM Power PLC

Price: 101.5

Market: AIM
Market Cap: £478.39 m
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