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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.80 | 3.60% | 51.80 | 51.45 | 51.75 | 54.35 | 50.85 | 51.00 | 2,126,568 | 15:24:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 5.23M | -101.2M | -0.1641 | -3.13 | 316.46M |
TIDMITM
RNS Number : 0896X
ITM Power PLC
16 February 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ITM POWER PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ITM POWER PLC.
This announcement contains inside information
16 February 2017
ITM Power plc
("ITM Power" or "the Company")
Result of General Meeting
and
Total Voting Rights
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that at the General Meeting held earlier today to approve, inter alia, the Firm Placing to raise GBP5.7 million, announced on 26 January 2017, all resolutions were duly passed. As a result, the Firm Placing has successfully completed.
Application has been made for the 33,720,203 Firm Placing shares described in the circular dated 27 January 2017 ("Firm Placed Shares") to be admitted to trading on AIM at 8.00 a.m. on 17 February 2017 ("Admission").
Directors' Interests
The interests (all of which are beneficial unless stated otherwise) of the Directors and their immediate families and of persons connected with them in the Existing Issued Share Capital and the existence of which is known to, or could with reasonable due diligence be ascertained by, any Director as at the Latest Practicable Date and as they are expected to be upon Admission are as follows:
At the Latest Practicable Date On Admission Director Percentage Percentage Number of Existing Number of Enlarged of Ordinary Issued of Ordinary Share Capital Shares Share Capital Shares Professor Roger Putnam 27,129 0.01 27,129 0.01 Dr Graham Cooley 811,256 0.37 987,726 0.39 Dr Simon Bourne 326,830 0.15 326,830 0.13 Dr Rachel Smith 80,886 0.04 80,886 0.03 Lord Roger Freeman 5,000 0.002 5,000 0.002 Peter Hargreaves 22,908,643 10.56 22,908,643 9.14 Sir Roger Bone 67,000 0.03 67,000 0.03 Robert Pendlebury* 19,217,929 8.86 30,982,634 12.36
*At the Latest Practicable Date, Robert Pendlebury held 12,269 Ordinary Shares. Robert Pendlebury represents J.C.B. Research (who at the Latest Practicable Date held 19,205,660 Existing Ordinary Shares) on the Board. On Admission, Robert Pendlebury will hold 12,269 Ordinary Shares. J.C.B. Research, on Admission, will hold 30,970,365 Ordinary Shares.
Total Voting Rights
Following Admission, the total number of ordinary shares and voting rights in the Company will be 250,613,176. The Company does not hold any shares in treasury.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Capitalised terms used and not defined in this announcement have the meanings given to them in the Circular relating to the Firm Placing dated 27 January 2017.
For further information please visit www.itm-power.com or contact:
ITM Power plc +44 (0)114 244 Graham Cooley, CEO 5111 Zeus Capital Andrew Jones / Jonathan Sharp +44 (0)20 3829 / Hugh Kingsmill Moore 5000 Tavistock +44 (0)20 7920 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
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February 16, 2017 06:46 ET (11:46 GMT)
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