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ITM Itm Power Plc

49.62
-0.93 (-1.84%)
Last Updated: 08:23:27
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
  -0.93 -1.84% 49.62 49.62 50.15 50.75 49.62 50.75 191,396 08:23:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 5.23M -101.2M -0.1641 -3.02 306.1M

ITM Power PLC Director Share Dealings (8955V)

05/12/2019 6:03pm

UK Regulatory


Itm Power (LSE:ITM)
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TIDMITM

RNS Number : 8955V

ITM Power PLC

05 December 2019

5 December 2019

ITM Power plc

("ITM Power" or "the Company")

Director Share Dealings

ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that following the announcement made by the Company on the 28(th) November 2019, the following Persons Discharging Management Responsibility ("PDMR") exercised a total of 1,235,921 options over ordinary shares in the Company.

The Company has been notified that, following the exercise, Graham Cooley and Simon Bourne have sold the resultant holdings and Rachel Smith has sold sufficient of her resultant holdings to cover the exercise price and fees.

 
   Executive          Position         Number of     Resultant shareholding    Price for 
    director                           shares sold                             transaction 
 Graham Cooley   CEO                     1,000,000         1,137,726 (0.24%      GBP0.6178 
                                                                       ISC) 
                -------------------  -------------  -----------------------  ------------- 
 Simon Bourne    CTO                       200,000           349,462 (0.07%      GBP0.6178 
                                                                       ISC) 
                -------------------  -------------  -----------------------  ------------- 
 Rachel Smith    Executive Director         35,921           144,965 (0.03%      GBP0.6785 
                                                                       ISC) 
                -------------------  -------------  -----------------------  ------------- 
 

The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details on the transaction.

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 
 

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.

 
 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              Sale of Shares 
      -------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
      -------------------------------------  ----------------------  ------------------- 
                                              Price(s)                Volume(s) 
      -------------------------------------  ----------------------  ------------------- 
   GBP0.6178                                                          1,000,000 
  -----------------------------------------------------------------  ------------------- 
 d)    Aggregated information 
      -------------------------------------------------------------  ------------------- 
 
  - Aggregated volume                    1,000,000 
 -------------------------------------  ------------------------------------------------ 
 
  - Price                                GBP0.6178 
 -------------------------------------  ------------------------------------------------ 
 
 e)    Date of the transaction                4 December 2019 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               The London Stock Exchange 
      -------------------------------------  ------------------------------------------- 
 
 
 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              Sale of Shares 
      -------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
      -------------------------------------  ----------------------  ------------------- 
                                              Price(s)                Volume(s) 
      -------------------------------------  ----------------------  ------------------- 
   GBP0.6178                                                          200,000 
  -----------------------------------------------------------------  ------------------- 
 d)    Aggregated information 
      -------------------------------------------------------------  ------------------- 
 
  - Aggregated volume                    200,000 
 -------------------------------------  ------------------------------------------------ 
 
  - Price                                GBP0.6178 
 -------------------------------------  ------------------------------------------------ 
 
 e)    Date of the transaction                4 December 2019 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               The London Stock Exchange 
      -------------------------------------  ------------------------------------------- 
 
 
 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              Sale of Shares 
      -------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
      -------------------------------------  ----------------------  ------------------- 
                                              Price(s)                Volume(s) 
      -------------------------------------  ----------------------  ------------------- 
   GBP0.6785                                                          35,921 
  -----------------------------------------------------------------  ------------------- 
 d)    Aggregated information 
      -------------------------------------------------------------  ------------------- 
 
  - Aggregated volume                    35,921 
 -------------------------------------  ------------------------------------------------ 
 
  - Price                                GBP0.6785 
 -------------------------------------  ------------------------------------------------ 
 
 e)    Date of the transaction                2 December 2019 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               The London Stock Exchange 
      -------------------------------------  ------------------------------------------- 
 

-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

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(END) Dow Jones Newswires

December 05, 2019 13:03 ET (18:03 GMT)

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