REG - ITM Power PLC - PDMR Grant of Options

ITM PowerAnnouncement

14/08/2018 07:05

RNS Number : 6785X
ITM Power PLC
14 August 2018
 


14 August 2018
 
ITM Power Plc
("ITM Power" or the "Company")
 
Award of Options
 
ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that the Remuneration Committee of the Company has approved the awards of options over ordinary shares of par value £0.05 each in the capital of the Company to the Executive Directors as follows:
 



Director


Position


Options granted


Existing options


Total options




Dr G Cooley


CEO


3,000,000


3,000,000


6,000,000




Dr S Bourne


CTO


1,750,000


950,000


2,700,000




Dr R Smith


Director


1,250,000


100,000


1,350,000




Mr A Allen


Finance Director


1,000,000


50,000


1,050,000



 
All options are being issued with an exercise price of 30p, being the mid closing price on the day of announcement of the final results. Options vest in thirds on the first, second and third anniversary of the grant award and have a ten year expiry from when the options were granted.
 
The Executive Directors currently have the following interests in ordinary shares in addition to the options set out above:



Director


Position


Number of shares


% of issued share capital




Dr G Cooley


CEO


1,062,726


0.33%




Dr S Bourne


CTO


326,830


0.10%




Dr R Smith


Director


80,886


0.02%




Mr A Allen


Finance Director


Nil


0.00%



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



ITM Power plc
Graham Cooley, CEO


+44 (0)114 244 5111




Investec Bank plc (Nominated Adviser and Broker)
Jeremy Ellis / Chris Sim / Alexander Ruffman


+44 (0)20 7597 5970




Tavistock (Financial PR and IR)
Simon Hudson / Nick Elwes / Barney Hayward


+44 (0)20 7920 3150



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)
 


Name


Dr G Cooley




2
 


Reason for the notification




a)
 


Position/status


CEO




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 £0.05
 














Identification code


GB00B0130H42














b)
 


Nature of the transaction


Grant of Options




c)
 


Price(s) and volume(s)






Price(s) - 30p
Volume(s) - 3,000,000












d)
 


Aggregated information


















- Aggregated volume












n/a




- Price


















e)
 


Date of the transaction
 


14 August 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM



 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)
 


Name


Dr S Bourne




2
 


Reason for the notification
 




a)
 


Position/status


CTO




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 £0.05p
 
 














Identification code


GB00B0130H42














b)
 


Nature of the transaction


Grant of Options




c)
 


Price(s) and volume(s)






Price(s) - 30p
Volume(s) - 1,750,000












d)
 


Aggregated information


















- Aggregated volume












n/a




- Price


















e)
 


Date of the transaction


14 August 2018




f)
 


Place of the transaction


London Stock Exchange, AIM



 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)
 


Name


Dr R 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 £0.05p
 
 














Identification code


GB00B0130H42














b)
 


Nature of the transaction


Grant of Options




c)
 


Price(s) and volume(s)






Price(s) - 30p
Volume(s) - 1,250,000
 












d)
 


Aggregated information


















- Aggregated volume












n/a




- Price


















e)
 


Date of the transaction
 


14 August 2018




f)
 


Place of the transaction


London Stock Exchange, AIM



 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)
 


Name


Mr A Allen




2
 


Reason for the notification
 




a)
 


Position/status
 


Finance 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 £0.05p














Identification code


GB00B0130H42














b)
 


Nature of the transaction
 


Grant of Options




c)
 


Price(s) and volume(s)






Price(s) - 30p
Volume(s) - 1,000,000












d)
 


Aggregated information


















- Aggregated volume












n/a




- Price


















e)
 


Date of the transaction
 


14 August 2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM



 
-ends-




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