ITM Power PLC Director/PDMR Shareholding (1330X)

TIDMITM

RNS Number : 1330X

ITM Power PLC

17 February 2017

17 February 2017

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

ITM Power plc

("ITM Power" or "the Company")

Director's Dealing

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that, following admission earlier today of the 33,720,203 ordinary shares of GBP0.05 each ('Ordinary Shares') in connection with the placing announced on 26 January 2017 (the 'Placing') the following dealing by a Director in the Company's Ordinary Shares, by way of his participation in the Placing, have now taken place at the placing price of 17 pence per Ordinary Share.

Following this dealing, his resulting interest is as follows:

 
  Director      Ordinary         Ordinary          Ordinary        % interest 
               Shares held    Shares purchased    Shares held       in issued 
                prior to       in the Placing     post dealing      ordinary 
                 dealing                                          share capital 
-----------  -------------  ------------------  --------------  --------------- 
 Dr Graham 
   Cooley       811,256           176,470           987,726           0.39 
-----------  -------------  ------------------  --------------  --------------- 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------- 
 a)   Name                 Dr Graham Cooley 
---  -------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------- 
 a)   Position/status      CEO 
---  -------------------  ------------------------------- 
 b)   Initial              Initial notification 
       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          Ordinary shares of GBP0.05 
       of the 
       financial            ISIN: GB00B0130H42 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  -------------------  ------------------------------- 
 b)   Nature               Purchase of Ordinary Shares 
       of the 
       transaction 
---  -------------------  ------------------------------- 
 c)   Price(s)              Price(s)   Volume(s) 
       and volume(s)        ---------  ---------- 
                             17p        176,470 
                            ---------  ---------- 
---  -------------------  ------------------------------- 
 d)   Aggregated 
       information          N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
---  -------------------  ------------------------------- 
 e)   Date of              17 February 2017 
       the transaction 
---  -------------------  ------------------------------- 
 f)   Place of             London Stock Exchange, AIM 
       the transaction 
---  -------------------  ------------------------------- 
 

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

 
ITM Power plc                    [phone] 
 Graham Cooley, CEO               5111 
Zeus Capital 
 Andrew Jones / Jonathan Sharp   [phone] 
 / Hugh Kingsmill Moore           5000 
Tavistock                        [phone] 
 Simon Hudson / James Collins     3150 
 

About ITM Power plc:

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power was admitted to the AIM market of the London Stock Exchange in 2004. The Group currently has GBP16.78m of projects under contract and a further GBP1.36m in the later stages of negotiation (GBP18.14m in total).

-ends-

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 17, 2017 03:05 ET (08:05 GMT)