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ITM Itm Power Plc

53.72
-0.12 (-0.22%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itm Power Plc LSE:ITM London Ordinary Share GB00B0130H42 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.12 -0.22% 53.72 53.66 54.30 55.00 51.70 55.00 1,372,024 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 5.23M -101.2M -0.1641 -3.30 333.61M

ITM Power PLC Holding(s) in Company (3519X)

20/02/2017 3:01pm

UK Regulatory


TIDMITM

RNS Number : 3519X

ITM Power PLC

20 February 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                            ITM Power plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                     X 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  ------------------------------ 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
---------------------------------------------------------  -----  ------------------------------ 
 3. Full name of person(s)                                         Allianz Global Investors GmbH 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s)                                                              N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                     17 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                        20 February 2017 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                           Above 10% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type       Situation previous                    Resulting situation after the 
  of               to the triggering                     triggering transaction 
  shares           transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
---------------  ------------------------------------  ---------------------------------------------------------------- 
                  Number             Number             Number          Number of                % of voting 
                   of                 of                 of              voting                   rights (x) 
                   Shares             Voting             shares          rights 
                                      Rights 
-------------    -----------------  -----------------  --------------  -----------------------  ----------------------- 
                                                        Direct          Direct     Indirect      Direct      Indirect 
                                                                        (xi)        (xii) 
-------------      -------------      -------------    --------------  ---------  ------------  ----------  ----------- 
 GB00B0130H42     5,629,931          5,629,931          0               0          27,499,989    0           10.97% 
---------------  -----------------  -----------------  --------------  ---------  ------------  ----------  ----------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration         Exercise/                          Number of voting         % of voting 
 financial           date               Conversion                         rights that              rights 
 instrument          (xiii)             Period (xiv)                       may be 
                                                                           acquired if 
                                                                           the 
                                                                           instrument 
                                                                           is 
                                                                           exercised/ 
                                                                           converted. 
-----------------  -----------------  ---------------------------------  -----------------------  --------------------- 
 N/A                N/A                N/A                                N/A                      N/A 
-----------------  -----------------  ---------------------------------  -----------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise           Expiration         Exercise/       Number of voting           % of voting 
 financial      price              date               Conversion       rights instrument          rights (xix, 
 instrument                        (xvii)             period           refers to                  xx) 
                                                      (xviii) 
-------------  -----------------  -----------------  --------------  -------------------------  ----------------------- 
 N/A            N/A                N/A                N/A             N/A                        Nominal       Delta 
-------------  -----------------  -----------------  --------------  -------------------------  ------------  --------- 
                                                                                                 N/A           N/A 
-------------      -------------      -------------    ------------      -------  ------------  ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                              Percentage of voting rights 
-------------------------------------------------------------------  -------------------------------------------------- 
 27,499,989                                                           10.97% 
-------------------------------------------------------------------  -------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------ 
 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                                         N/A 
-------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy                                                     N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will                                                   N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  --------------------------------- 
 
 
  13. Additional information:                               Acquisition via issuer placing 
-------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                          Darren Wickert 
-------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                        +44 (0) 20 3246 7125 
-------------------------------------------------------  --------------------------------- 
 
 

Additional information:

Regarding section 8 above:

The notified holdings have to be indicated as either "direct holdings" or "indirect holdings".

Allianz Global Investors GmbH is a German investment management company. Its core business is the establishment and portfolio management of investment funds domiciled in Germany and Luxembourg, but also e.g. in Italy and France. Allianz Global Investors GmbH is entitled to execute the voting rights by proxy (since the foundation of the funds). Additionally, Allianz Global Investors GmbH is mandated in several cases to manage individual asset portfolios for clients on a contractual basis; under such contracts Allianz Global Investors GmbH is entitled to execute the voting rights of shares held in such asset portfolios.

For the purpose of section 8 of this TR-1 Form we have considered holdings in investment funds which do not have a legal personality, but are mere pools of assets, for which Allianz Global Investors GmbH acts in its own name, but for the account of the fund, as direct holdings. The units of such investment funds are jointly owned by their investors, but the funds are legally represented by Allianz Global Investors GmbH as the funds' investment manager.

Holdings in funds managed by Allianz Global Investors GmbH which are legal persons of their own (e.g. Luxembourgish SICAV) as well as holdings in above-mentioned portfolio mandates (including fund mandates, under which Allianz Global Investors GmbH is the portfolio manager of funds established by other investment companies) we considered as indirect holdings with respect to the fact that the proxy was granted on a contractual basis.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLLLFESFAIIFID

(END) Dow Jones Newswires

February 20, 2017 10:01 ET (15:01 GMT)

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