REG - ITM Power PLC - Block Listing Application

ITM PowerAnnouncement

15/09/2022 07:00

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RNS Number : 4397Z  ITM Power PLC  15 September 2022

15 September 2022

 

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 1,835,000 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 plans (each a "Scheme"):

 

 Scheme                                                         No. of ordinary shares under block listing application
 2020 ITM Power PLC Long Term Incentive Plan                    1,783,000
 2020 ITM Power PLC Long Term Incentive Plan for Non-Employees  52,000

 

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 20
September 2022.

 

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

 

 ITM Power PLC                                              +44 (0)114 244 5111

 Helen Baker, Company Secretary

 James Collins / Justin Scarborough, Investor Relations

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

 Jeremy Ellis / Chris Sim / Ben Griffiths

 Tavistock (Financial PR and IR)                            +44 (0)20 7920 3150

 Simon Hudson / Tim Pearson / Charles Baister

 

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.

 

ITM Power operates from the world's largest electrolyser factory in Sheffield
with a capacity planned to reach 1.5 GW (1,500 MW) per annum and has an
ambition to grow capacity in line with demand to 5 GW per annum, supported by
a £250m equity raise in Q4 2021. Partners include Linde, Shell, Snam, and
Vitol among others.

 

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