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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 2.20% | 51.10 | 51.30 | 51.55 | 54.35 | 50.85 | 51.00 | 2,808,358 | 16:35:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 5.23M | -101.2M | -0.1641 | -3.14 | 317.69M |
TIDMITM
RNS Number : 5016R
ITM Power PLC
29 October 2019
29 October 2019
ITM Power plc
("ITM Power" or "the Company")
Award of Options
ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that on 24 October 2019, the Remuneration Committee of the Company approved the awards of options over ordinary shares of par value GBP0.05 each in the capital of the Company to the Executive Directors as follows:
Executive director Number of options Existing Options Total Options granted Graham Cooley 307,500 6,000,000 6,307,500 ------------------ ----------------- -------------- Simon Bourne 159,750 2,700,000 2,859,750 ------------------ ----------------- -------------- Rachel Smith 72,000 1,350,000 1,422,000 ------------------ ----------------- -------------- Andy Allen 47,250 1,050,000 1,097,250 ------------------ ----------------- --------------
All options are being issued with an exercise price of 48p, being the mid closing price on the day of the award which was made after trading hours. Options vest on the third anniversary of the grant award and have a ten year expiry from the date when the options were granted.
The Executive Directors currently have the following interests in ordinary shares in addition to the options set out above:
Executive director Position Number of Shares % of issued share capital Graham Cooley CEO 1,137,726 0.24% -------------------- ----------------- ----------------- Simon Bourne CTO 349,462 0.07% -------------------- ----------------- ----------------- Rachel Smith Executive Director 80,886 0.02% -------------------- ----------------- ----------------- Andy Allen Finance Director 25,000 0.01% -------------------- ----------------- -----------------
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 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 Issue of Options --------------------------------- ------------------------------------------- c) Price(s) and volume(s) --------------------------------- -------------------------- --------------- Price(s) Volume(s) --------------------------------- -------------------------- --------------- Nil cost option 307,500 ----------------------------------------------------------------- --------------- d) Aggregated information ------------------------------------------------------------- --------------- - Aggregated volume 307,500 --------------------------------- ------------------------------------------------ - Price NA --------------------------------- ------------------------------------------------ e) Date of the transaction 24 October 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 Issue of Options --------------------------------- ------------------------------------------- c) Price(s) and volume(s) --------------------------------- -------------------------- --------------- Price(s) Volume(s) --------------------------------- -------------------------- --------------- Nil cost option 159,750 ----------------------------------------------------------------- --------------- d) Aggregated information ------------------------------------------------------------- --------------- - Aggregated volume 159,750 --------------------------------- ------------------------------------------------ - Price NA --------------------------------- ------------------------------------------------ e) Date of the transaction 24 October 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 Issue of Options --------------------------------- ------------------------------------------- c) Price(s) and volume(s) --------------------------------- -------------------------- --------------- Price(s) Volume(s) --------------------------------- -------------------------- --------------- Nil cost option 72,000 ----------------------------------------------------------------- --------------- d) Aggregated information ------------------------------------------------------------- --------------- - Aggregated volume 72,000 --------------------------------- ------------------------------------------------ - Price NA --------------------------------- ------------------------------------------------ e) Date of the transaction 24 October 2019 --------------------------------- ------------------------------------------- f) Place of the transaction Outside a trading venue --------------------------------- ------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Andy Allen --------------------------------- ------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------ a) Position/status Chief Financial 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 Issue of Options --------------------------------- ------------------------------------------- c) Price(s) and volume(s) --------------------------------- -------------------------- --------------- Price(s) Volume(s) --------------------------------- -------------------------- --------------- Nil cost option 47,250 ----------------------------------------------------------------- --------------- d) Aggregated information ------------------------------------------------------------- --------------- - Aggregated volume 47,250 --------------------------------- ------------------------------------------------ - Price NA --------------------------------- ------------------------------------------------ e) Date of the transaction 24 October 2019 --------------------------------- ------------------------------------------- f) Place of the transaction Outside a trading venue --------------------------------- -------------------------------------------
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.
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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October 29, 2019 07:55 ET (11:55 GMT)
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