REG - ITM Power PLC - Director/PDMR Shareholding

ITM PowerAnnouncement

21/09/2022 09:15

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RNS Number : 1274A  ITM Power PLC  21 September 2022

21 September 2022

 

ITM Power PLC

("ITM Power" or the "Company")

 

PDMR Dealings - Purchase of Shares and Exercise of Options by Dr Graham Cooley

 

ITM Power announces that it has received notification of the following share
transactions by Dr Graham Cooley, CEO and a Person Discharging Managerial
Responsibilities ("PDMR"):

1.    Dr Cooley, CEO, purchased 173,360 shares.

2.    Dr Cooley, CEO, exercised 3,000,000 share options that had been
granted to him on 14 August 2018 at an option price of 30p per share. He
sold a portion of the resulting shares to cover the option price, income tax
and National Insurance due on exercise.

3.    Following the transactions, Dr Cooley holds 2,079,367 shares in ITM
Power (including shares held in the Company's Buy as You Earn Share Incentive
Plan), representing 0.34% of the issued share capital, in addition to unvested
share options.

 

Enquiries:

 

 ITM Power PLC                        +44 (0)114 244 5111
 Helen Baker (Company Secretary)

James Collins (Investor Relations)

 

 

 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  Ordinary shares of 5p each
     Identification code                                          ISIN: GB00B0130H42
 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
                                                                  £1.173669                                 42,601
                                                                  £1.176944                                 21,241
                                                                  £1.166458                                 21,432
                                                                  £1.15676                                  21,612
                                                                  £1.16255                                  21,504
 d)  Aggregated information
     - Aggregated volume                                          128,390
     - Price                                                      £149,997.84
 e)  Date of the transaction                                      2022-09-15
 f)  Place of the transaction                                     London Stock Exchange (XLON)
 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  Ordinary shares of 5p each
     Identification code                                          ISIN: GB00B0130H42
 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
                                                                  £1.113879                                 22,444
                                                                  £1.109816                                 22,526
 d)  Aggregated information
     - Aggregated volume                                          44,970
     - Price                                                      £49,999.62
 e)  Date of the transaction                                      2022-09-20
 f)  Place of the transaction                                     London Stock Exchange (XLON)
 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  Ordinary shares of 5p each
     Identification code                                          ISIN: GB00B0130H42
 b)  Nature of the transaction                                    Acquisition of 3,000,000 Ordinary Shares following the exercise of share
                                                                  options granted under the terms of the ITM Power PLC Share Option Plan - EMI
                                                                  and Unapproved 2010, resulting in the issue of 3,000,000 Ordinary Shares at an
                                                                  option price of £0.30 per share
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
                                                                  £0.30                                     3,000,000
 d)  Aggregated information
     - Aggregated volume                                          3,000,000
     - Price                                                      £900,000
 e)  Date of the transaction                                      2022-09-16
 f)  Place of the transaction                                     Outside a trading venue
 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  Ordinary shares of 5p each
     Identification code                                          ISIN: GB00B0130H42
 b)  Nature of the transaction                                    Sale of 1,865,382 Ordinary Shares to fund the option price, and tax and
                                                                  National Insurance liabilities due in respect of the issuance of 3,000,000
                                                                  Ordinary Shares on 16 September 2022
 c)  Price(s) and volume(s)                                       Price(s)                                  Volume(s)
                                                                  £1.118063                                 919,734
                                                                  £1.113091                                 945,648
 d)  Aggregated information
     - Aggregated volume                                          1,865,382
     - Price                                                      £2,080,912.833210
 e)  Date of the transaction                                      2022-09-16
 f)  Place of the transaction                                     London Stock Exchange (XLON)

 

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