ITM Power PLC Director Share Dealings (8955V)
December 05 2019 - 1:03PM
UK Regulatory
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-
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END
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