REG - ITM Power PLC - Appointment of new Non Executive Director

ITM PowerAnnouncement

16/01/2025 07:00

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RNS Number : 5061T  ITM Power PLC  16 January 2025

16 January 2025

ITM Power PLC

 

Change of Linde Board Representative

 

ITM Power is pleased to announce that Matthias von Plotho has been appointed a
Non-Executive Director effective from 15 January 2025. He replaces Jürgen
Nowicki, who has resigned from the Board on the same day. Jürgen served as
Linde's nominated Board representative since November 2019, following Linde's
acquisition of its stake in ITM, which currently stands at 16.2%.

Matthias joined Linde in 2001 as Team Lead Accounting and subsequently held
different positions in Finance & Controlling. In 2003, he was appointed
Global Head of M&A for Linde AG and was named Head of Finance &
Control EMEA in 2010. He assumed his current role as Senior Vice President
Finance EMEA at Linde Gas after Linde's merger with Praxair in 2019.

 

Sir Roger Bone, Chairman of ITM, said: "I would like to thank Jürgen for his
valuable contribution over the past five years. We are delighted to welcome
Matthias to the Board of ITM and look forward to working with him to deliver
long-term sustainable value for our shareholders. His financial and strategic
experience will add significant value to the business, as will his deep
understanding of the wider industry in which ITM operates, especially given
his current role at Linde Gas. His appointment also maintains our strong
relationship and collaboration with our largest shareholder."

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies

Matthias Hans-Heinrich von Plotho, who is 55 years old, is or has been a
director of the following companies during the past five years:

 

 Current Directorships / Partnerships  Former Directorships / Partnerships (within the last 5 years)
 Linde Holding GmbH                    Linde Vietnam Limited Company
 Linde GmbH                            African Oxygen (PTY) LTD
 Linde Electronics GmbH & Co. KG       Unterbichler Gas GmbH
 Hydromotive Verwaltungs GmbH          Linde Gas España Sociedad Anonima
 Linde Gas Therapeutics GmbH
 Linde Gas Vervaltungs GmbH
 Linde Schweißtechnik GmbH
 Linde Österreich Holding GmbH
 Linde Gas Benelux B.V.
 Linde Gas Vietnam Limited

 

As at the date of this announcement, Matthias von Plotho does not hold any
ordinary shares in the capital of the Company.

There are no further disclosures required pursuant to Schedule Two, paragraph
(g) of the AIM Rules for Companies in respect of Matthias von
Plotho's appointment to the Board.

 

 

For further information, please visit www.itm-power.com
(http://www.itm-power.com) or contact:

 ITM Power PLC
 Justin Scarborough, Head of Investor Relations  +44 (0)114 551 1080

 Berenberg
 Ciaran Walsh, Harry Nicholas                    +44 (0)20 3207 7800

 J.P. Morgan Cazenove
 Richard Perelman, Charles Oakes                 +44 (0) 20 7742 4000

 

About ITM Power PLC:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market
of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM
Power designs and manufactures electrolysers based on proton exchange membrane
(PEM) technology to produce green hydrogen, the only net zero energy gas,
using renewable electricity and water.

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