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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 Board Changes and Notice of Final Results (3614M)

16/09/2019 7:00am

UK Regulatory


Itm Power (LSE:ITM)
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TIDMITM

RNS Number : 3614M

ITM Power PLC

16 September 2019

16 September 2019

ITM Power plc

("ITM Power" or the "Company")

Board Changes and Notice of Final Results

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Martin Green as a non-executive director with immediate effect. He replaces non-executive director Lord Roger Freeman, who has asked to retire from the board with effect from publication of the 2019 Annual Report. The Company is also pleased to announce the appointment of Nicola Ham Edmonds, currently Head of Legal, as Company Secretary.

Martin Green (aged 53) had a 30 year plus career with Johnson Matthey plc until March 2019, most recently as Group Strategy Director. In this role he was responsible for a portfolio of growth businesses, strategy development and implementation, including M&A. As Director of Battery Technologies Martin made GBP120m of acquisitions and took the division from a standing start to an annual turnover of GBP150m in four years. A chemistry graduate, Martin has particular expertise and experience in battery, fuel cell and hydrogen technologies as well as strategic corporate development.

Nicola Ham Edmonds (aged 47) was appointed as the Company's Head of Legal in April 2018 and has 18 years of experience within in-house legal teams including as Deputy Legal Director at the Energy Technologies Institute and prior to that at Bombardier Transportation and Royal Mail plc.

Roger Putnam, Chairman of ITM Power said: "On behalf of my fellow directors, I welcome Martin to the Board as a non-executive director whose strategic and technical experience will add significant value to our discussions. I thank Lord Freeman for his contribution to the direction of ITM Power over the past nine years and wish him well for the future. Finally, congratulations from all of us to Nicola on her appointment as Company Secretary."

Notice of Final Results

ITM Power expects to announce its final results for the year ended 30 April 2019 in early October.

Further regulatory disclosures

Other than as disclosed below, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies:

Name: Martin Richard Green

Martin Green is, or has during the last five years been, a director or partner of the following companies and partnerships:

Non-executive director at The Henry Royce Institute - current

Chair of the Board of Trustees, The GravityLight Foundation - current

Director of brightgreenlines Ltd - current

Director of Widworthy Court Management Limited - current

Director of the UK Hydrogen and Fuel Cell Association - 2011-2015

Director of LifePO4+C Licensing AG (a subsidiary of Johnson Matthey plc) - 2014-2017

Director of AG Holding Ltd (a subsidiary of Johnson Matthey plc) - 2012-2016

Director of Johnson Matthey Battery Systems Engineering Ltd (a subsidiary of Johnson Matthey plc) - 2012-2016

Director of Cummins Electrified Power Europe Ltd (a subsidiary of Johnson Matthey plc until 2018, subsequently re-named) - 2012-2016

Martin Green does not hold any shares in the Company.

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

 
 ITM Power plc                           (0)114 244 5111 
 Graham Cooley, CEO 
 
 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 / Nick Elwes / 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 September 2017, the Company announced the completion of a GBP29.4m working capital fundraise. The Company 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 subsequently a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. The Company entered into a Strategic Partnership Agreement with Sumitomo Corporation in July 2018 for the development of multi-megawatt projects in Japan. Additional customers and partners include Ørsted, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai, Anglo American among others.

-ends-

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.

END

MSCLLFEEADIELIA

(END) Dow Jones Newswires

September 16, 2019 02:00 ET (06:00 GMT)

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