REG - ITM Power PLC - Block Listing Application

ITM PowerAnnouncement

14/12/2021 13:55

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RNS Number : 6294V  ITM Power PLC  14 December 2021

14 December 2021

 

ITM Power PLC

(the "Company")

 

Block Listing Application

 

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces
that a block listing application (the "Block Admission") has been made to the
London Stock Exchange for up to 5,500,000 ordinary shares of £0.05 each (the
"Block Listing Shares") to be admitted to trading on AIM ("Admission").

 

The ordinary shares that are being reserved under this block listing
application will be issued by the Company, as required, in order to satisfy
the exercise of share options and vested awards pursuant to the terms of the
following share plan (the "Scheme"):

 

 Scheme                                No. of ordinary shares under block listing application
 ITM Power PLC Share Option Plan 2010  5,500,000

 

The Block Listing Shares will, upon issue, rank equally with all other
ordinary shares of £0.05 each in the capital of the Company that are then in
issue. The Block Listing Admission is expected to become effective on 17
December 2021.

 

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

 

 ITM Power PLC

 James Collins, Investor Relations                   +44 (0)114 551 1205
 Justin Scarborough, Investor Relations              +44 (0)114 551 1080
 Helen Baker, Company Secretary                      +44 (0)114 244 5111

 Investec Bank plc (Nominated Adviser & Broker)      +44 (0)20 7597 5970

 Jeremy Ellis / Chris Sim / Ben Griffiths

 Tavistock (Financial PR and IR)

 Simon Hudson / Tim Pearson / David Cracknell        +44 (0)20 7920 3150

 

 

About ITM Power PLC:

 

ITM Power manufactures integrated hydrogen energy solutions for grid
balancing, energy storage and the production of renewable 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 £58.8m fundraising, including an investment by
Linde of £38m, together with the formation of a joint venture to deliver
renewable hydrogen to large-scale industrial projects worldwide. In November
2020, ITM Power completed a £172m fundraising, including a £30m investment
by Snam, one of the world's leading energy infrastructure operators. In
January 2021, the Company received an order for the world's then largest PEM
electrolyser of 24MW from Linde. In October 2021, the Company, with Linde,
announced the deployment of a 100MW electrolyser at Shell's Rhineland
refinery, following the start-up of an initial 10MW facility at the site. In
November 2021, ITM Power raised £250m to accelerate expansion.

 

ITM Power operates from the world's largest electrolyser factory in Sheffield
with a capacity of 1GW (1,000MW) per annum, with the announced intention to
build a second UK Gigafactory in Sheffield with a capacity of 1.5GW expected
to be fully operational by the end of 2023. The Group's first international
facility, expected to have a capacity of 2.5GW per annum, is intended to be
operational by the end of 2024, bringing total Group capacity to 5GW per
annum. Customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish
Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie,
GNVert, National Express, Toyota, Hyundai and Anglo American among others.

 

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