REG - ITM Power PLC - Director/PDMR Shareholding

ITM PowerAnnouncement

28/11/2019 13:05

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-




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