ITM Power PLC Director/PDMR Shareholding (0334V)
28 Novembre 2019 - 02:03PM
UK Regulatory
TIDMITM
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 Type of Option Exercise Price Number of Shares
Director to be exercised 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
GBP58.8 million fundraise, including a subscription by Linde of
GBP38 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 Initial Notification
/Amendment
-------------------------------------- ------------------------------------------
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 Options over ordinary shares of 5p each
financial instrument,
type of instrument
-------------------------------------- ------------------------------------------
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 Initial Notification
/Amendment
-------------------------------------- ------------------------------------------
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 Options over ordinary shares of 5p each
financial instrument,
type of instrument
-------------------------------------- ------------------------------------------
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 Initial Notification
/Amendment
-------------------------------------- ------------------------------------------
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 Options over ordinary shares of 5p each
financial instrument,
type of instrument
-------------------------------------- ------------------------------------------
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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END
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November 28, 2019 08:03 ET (13:03 GMT)
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