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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 : 0833W
ITM Power PLC
17 December 2021
17 December 2021
ITM Power PLC
Grants under Long Term Incentive Plan and Acquisition of Shares by way of Inheritance
ITM Power PLC (the "Company") announces that on 16 December 2021 awards over ordinary shares of GBP0.05 each in the capital of the Company were granted to all staff under the ITM Power PLC Long Term Incentive Plan ("LTIP").
No consideration is payable for the grant of the awards, which are structured as nominal cost options at an option exercise price of GBP0.05 per ordinary share. The number of ordinary shares granted under the award has been calculated using a share price of 394 pence, being the average mid-market quotation as derived from AIM for the last 5 days of trading prior to close on 15 December 2021.
The awards are subject to a three-year vesting period (and for the Executive Directors a further two-year holding period), as well as to the achievement of performance conditions and the participant being a director or employee within the Company's group at that time.
The LTIP awards granted to Executive Directors (who are Persons Discharging Managerial Responsibilities) are as follows:
Name of Director/PDMR Number of Shares over which the LTIP Award is granted ----------------------- ------------------------------------- Graham Cooley 121,310 Andrew Allen 86,650 Simon Bourne 86,650 Rachel Smith 66,431 ----------------------- ------------------------------------- Total awards granted 361,041
The vesting of an award is subject to the satisfaction of performance conditions which have been set by the Remuneration Committee of the Board of Directors of the Company. 60% of the award is subject to the growth in the Company's total shareholder return, 20% subject to the Company's MSCI ESG rating and the remaining 20% subject to stretching financial metrics related to revenue and gross margin performance.
The Company also announces that on 16 December 2021 Rachel Smith received 379,880 ordinary shares of GBP0.05 each in the capital of the Company by way of inheritance.
The notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations.
Enquiries:
ITM Power PLC +44 (0)114 244 5111 Helen Baker (Company Secretary) James Collins (Investor Relations) 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 nominal cost options ------------------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) -------------------- -------------------- Nil 121,310 ------------------------------------------ -------------------- -------------------- d) Aggregated information - Aggregated volume 121,310 - Price Nil ------------------------------------------ ------------------------------------------ e) Date of the transaction 2021-12-16 ------------------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------------------- ------------------------------------------ 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Andrew 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 nominal cost options ------------------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) -------------------- -------------------- Nil 86,650 ------------------------------------------ -------------------- -------------------- d) Aggregated information - Aggregated volume 86,650 - Price Nil ------------------------------------------ ------------------------------------------ e) Date of the transaction 2021-12-16 ------------------------------------- ------------------------------------------ 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 nominal cost options ------------------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) -------------------- -------------------- Nil 86,650 ------------------------------------------ -------------------- -------------------- d) Aggregated information - Aggregated volume 86,650 - Price Nil ------------------------------------------ ------------------------------------------ e) Date of the transaction 2021-12-16 ------------------------------------- ------------------------------------------ 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 nominal cost options ------------------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) -------------------- -------------------- Nil 66,431 ------------------------------------------ -------------------- -------------------- d) Aggregated information - Aggregated volume 66,431 - Price Nil ------------------------------------------ ------------------------------------------ e) Date of the transaction 2021-12-16 ------------------------------------- ------------------------------------------ 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 Ordinary shares of 5p each financial instrument, type of instrument Identification code ISIN: GB00B0130H42 ------------------------------- ---------------------------------------------- b) Nature of the transaction Acquisition of shares by way of inheritance ------------------------------- ---------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ----------------------------- --------------- Nil (transfer from estate) 379,880 ------------------------------------ ----------------------------- --------------- d) Aggregated information - Aggregated volume 379,880 - Price Nil (transfer from estate) ------------------------------------ ---------------------------------------------- e) Date of the transaction 2021-12-16 ------------------------------- ---------------------------------------------- f) Place of the transaction London Stock Exchange (XLON) ------------------------------- ----------------------------------------------
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December 17, 2021 10:29 ET (15:29 GMT)
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