ITM Power PLC Exercise of Options (2517U)
November 21 2019 - 8:45AM
UK Regulatory
TIDMITM
RNS Number : 2517U
ITM Power PLC
21 November 2019
21 November 2019
ITM Power plc
("ITM Power" or "the Company")
Exercise of Options
ITM Power (AIM: ITM), the energy storage and clean fuel group,
announces that a total of 250,000 options over ordinary shares in
the Company have been exercised. Of these, 150,000 were granted on
29 April 2010 to employees at an exercise price of 24p, and 100,000
were granted on 23 November 2009 to one employee at an exercise
price of 20p.
None of the transactions are considered by the Board to be PDMR
transactions.
Following the exercise of options, the issued share capital of
the Company comprises 471,312,527 ordinary shares with one voting
right per share. The Company does not hold any shares in treasury.
Therefore, this figure of 471,312,527 ordinary shares may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of ITM
Power under the FCA's Disclosure Guidance and Transparency
Rules.
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.
-ends-
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