We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.55 | -1.07% | 51.00 | 51.00 | 51.20 | 51.85 | 49.26 | 49.26 | 508,544 | 12:45:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 5.23M | -101.2M | -0.1641 | -3.10 | 313.68M |
From Apr 2019 to Apr 2024
TIDMITM
RNS Number : 4618P
ITM Power PLC
10 June 2020
10 June 2020
ITM Power plc
("ITM Power" or the "Company")
Director/PDMR Shareholding
ITM Power (AIM: ITM), the energy storage and clean fuel group announces that it has received notification of the following share transactions by Persons Discharging Managerial Responsibilities ("PDMR" and, collectively, "the Executive Team") and persons closely associated ("PCA").
Dr Graham Cooley, Dr Simon Bourne and Dr Rachel Smith each exercised options and sold the resulting shares. Andy Allen exercised options and sold a portion of the resulting shares. Each of Dr Graham Cooley, Dr Simon Bourne and Dr Rachel Smith have in addition sold existing ordinary shares. In aggregate, the Executive Team have disposed of 4,793,871 Ordinary Shares in the Company representing 1.0124% of the Company's issued share capital.
The transactions have been undertaken for the purposes of wealth diversification. The Executive Team remain committed to retaining a long term equity interest in the Company in excess of 100% of annual basic salary. Following the above transactions, each PDMR retains a combined value of shareholdings and exercisable options approximately at or above this threshold.
Hot Features
Premium
PDMR Position Options Weighted Sale price Options Current % ISC
exercised average (GBP) remaining shareholding
exercise Options/ after
price Shares exercise
(GBP) sold
Graham
Cooley CEO 1,800,000 0.477 2,337,726 2.8305 3,307,500 600,000 0.825
------------- ------------ ----------- ----------- ------------ ----------- ------------- ------
Andy Allen CFO 383,333 0.332 367,559 2.8305 713,917 40,774 0.159
------------- ------------ ----------- ----------- ------------ ----------- ------------- ------
Simon Bourne CTO 1,333,333 0.419 1,591,034 2.8305 1,326,417 69,129 0.295
------------- ------------ ----------- ----------- ------------ ----------- ------------- ------
Executive
Rachel Smith Director 416,666 0.300 497,552 2.8305 905,334 64,079 0.205
------------- ------------ ----------- ----------- ------------ ----------- ------------- ------
The options were granted between 2011 and 2018 under the ITM Power plc Share Option Plan 2010 as a key part of the Company's long-term incentive scheme to attract and retain key talent in the business.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares sold.
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, and ordinary shares of 5p each
type of instrument
------------------------------- --------------------------------------------------
Identification code ISIN: GB00B0130H42
------------------------------- --------------------------------------------------
b) Nature of the transaction Exercise of options and sale of the resultant
shares and sale of shares
------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------------------- --------------------------------- ---------------
Exercise Sale Price Volume(s)
Price
------------------------------- -------------- ----------------- ---------------
50p 283.05p 250,000
------------------------------------ -------------- ----------------- ---------------
66.75p 283.05p 800,000
------------------------------------ -------------- ----------------- ---------------
26.5p 283.05p 750,000
------------------------------------ -------------- ----------------- ---------------
- 283.05p 537,726
------------------------------------ -------------- ----------------- ---------------
d) Aggregated information
------------------------------- --------------------------------------------------
- Aggregated volume 2,337,726
------------------------------------ --------------------------------------------------
- Price 283.05p
------------------------------------ --------------------------------------------------
e) Date of the transaction 9/6/20
------------------------------- --------------------------------------------------
f) Place of the transaction The London Stock Exchange
------------------------------- --------------------------------------------------
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, and ordinary shares of 5p each
type of instrument
------------------------------- --------------------------------------------------
Identification code ISIN: GB00B0130H42
------------------------------- --------------------------------------------------
b) Nature of the transaction Exercise of options and sale of the resultant
shares
------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------------------- --------------------------------- ---------------
Exercise Sale Price Volume(s)
Price
------------------------------- -------------- ----------------- ---------------
30p 283.05p 50,000
------------------------------------ -------------- ----------------- ---------------
54.5p 283.05p 317,559
------------------------------------ -------------- ----------------- ---------------
d) Aggregated information
------------------------------- --------------------------------------------------
- Aggregated volume 367,559
------------------------------------ --------------------------------------------------
- Price 283.05
------------------------------------ --------------------------------------------------
e) Date of the transaction 9/6/20
------------------------------- --------------------------------------------------
f) Place of the transaction The London Stock Exchange
------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dr Simon Bourne
------------------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Technology Office
------------------------------- --------------------------------------------------
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, and ordinary shares of 5p each
type of instrument
------------------------------- --------------------------------------------------
Identification code ISIN: GB00B0130H42
------------------------------- --------------------------------------------------
b) Nature of the transaction Exercise of options and sale of the resultant
shares and sale of shares
------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------------------- --------------------------------- ---------------
Exercise Sale Price Volume(s)
Price
------------------------------- ---------------- --------------- ---------------
66.75p 283.05p 123,596
------------------------------------ ---------------- --------------- ---------------
49.88p 283.05p 100,000
------------------------------------ ---------------- --------------- ---------------
26.5p 283.05p 250,000
------------------------------------ ---------------- --------------- ---------------
66.75p 283.05p 276,404
------------------------------------ ---------------- --------------- ---------------
30p 283.05p 583,333
------------------------------------ ---------------- --------------- ---------------
- 283.05p 257,701
------------------------------------ ---------------- --------------- ---------------
d) Aggregated information
------------------------------- --------------------------------------------------
- Aggregated volume 1,591,034
------------------------------------ --------------------------------------------------
- Price 283.05
------------------------------------ --------------------------------------------------
e) Date of the transaction 9/6/20
------------------------------- --------------------------------------------------
f) Place of the transaction The London Stock Exchange
------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dr 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, and ordinary shares of 5p each
type of instrument
------------------------------- --------------------------------------------------
Identification code ISIN: GB00B0130H42
------------------------------- --------------------------------------------------
b) Nature of the transaction Exercise of options and sale of the resultant
shares and sale of shares
------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
------------------------------- --------------------------------- ---------------
Exercise Sale Price Volume(s)
Price
------------------------------- -------------- ----------------- ---------------
30p 283.05p 416,666
------------------------------------ -------------- ----------------- ---------------
- 283.05p 80,886
------------------------------------ -------------- ----------------- ---------------
d) Aggregated information
------------------------------- --------------------------------------------------
- Aggregated volume 497,552
------------------------------------ --------------------------------------------------
- Price 283.05
------------------------------------ --------------------------------------------------
e) Date of the transaction 9/6/20
------------------------------- --------------------------------------------------
f) Place of the transaction The London Stock Exchange
------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Trevor Smith
------------------------------------ -------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Person closely associated with Dr Rachel
Smith
------------------------------------ -------------------------------------------
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 Ordinary shares of 5p each
financial instrument,
type of instrument
------------------------------------ -------------------------------------------
Identification code ISIN: GB00B0130H42
------------------------------------ -------------------------------------------
b) Nature of the transaction Sale of Shares
------------------------------------ -------------------------------------------
c) Price(s) and volume(s)
------------------------------------ ---------------------- -------------------
Sale Price Volume(s)
------------------------------------ ---------------------- -------------------
283.05p 40,046
----------------------------------------- ---------------------- -------------------
d) Aggregated information
------------------------------------ -------------------------------------------
- Aggregated volume 40,046
----------------------------------------- -------------------------------------------
- Price 283.05
----------------------------------------- -------------------------------------------
e) Date of the transaction 9/6/20
------------------------------------ -------------------------------------------
f) Place of the transaction The London Stock Exchange
------------------------------------ -------------------------------------------
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Nicola Ham Edmonds, Company Secretary.
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 / Ben Griffiths / Tejas Padalkar Tavistock (Financial PR and IR) (0)20 7920 3150 Simon Hudson / Edward Lee / Barney Hayward
About ITM Power plc:
ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable 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 renewable 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.
-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
DSHEAAKNEFKEEAA
(END) Dow Jones Newswires
June 10, 2020 02:00 ET (06:00 GMT)
1 Year Itm Power Chart |
1 Month Itm Power Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
