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ITM Power PLC - Director Share Dealings

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 28th 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 director

Position

Number of shares sold

Resultant shareholding

Price for transaction

Graham Cooley

CEO

1,000,000

1,137,726 (0.24% ISC)

£0.6178

Simon Bourne

CTO

200,000

349,462 (0.07% ISC)

£0.6178

Rachel Smith

Executive Director

35,921

144,965 (0.03% ISC)

£0.6785

 

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 £58.8 million fundraise, including a subscription by Linde of £38 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 /Amendment

Initial Notification

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 financial instrument, type of instrument

Options over ordinary shares of 5p each

 

 

Identification code

ISIN: GB00B0130H42

 

 

b)

Nature of the transaction

Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

£0.6178

1,000,000

d)

 

Aggregated information

 

 

 

- Aggregated volume

1,000,000

 

 

- Price

£0.6178

 

 

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 /Amendment

Initial Notification

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 financial instrument, type of instrument

Options over ordinary shares of 5p each

 

 

Identification code

ISIN: GB00B0130H42

 

 

b)

Nature of the transaction

Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

£0.6178

200,000

d)

 

Aggregated information

 

 

 

- Aggregated volume

200,000

 

 

- Price

£0.6178

 

 

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 /Amendment

Initial Notification

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 financial instrument, type of instrument

Options over ordinary shares of 5p each

 

 

Identification code

ISIN: GB00B0130H42

 

 

b)

Nature of the transaction

Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

£0.6785

35,921

d)

 

Aggregated information

 

 

 

- Aggregated volume

35,921

 

 

- Price

£0.6785

 

 

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 [email protected] or visit www.rns.com.
 
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Quick facts: ITM Power PLC

Price: 139.8

Market: AIM
Market Cap: £661.51 m
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