ITM Power PLC Director/PDMR Shareholding (1274A)
September 21 2022 - 4:03AM
UK Regulatory
TIDMITM
RNS Number : 1274A
ITM Power PLC
21 September 2022
21 September 2022
ITM Power PLC
("ITM Power" or the "Company")
PDMR Dealings - Purchase of Shares and Exercise of Options by Dr
Graham Cooley
ITM Power announces that it has received notification of the
following share transactions by Dr Graham Cooley, CEO and a Person
Discharging Managerial Responsibilities ("PDMR"):
1. Dr Cooley, CEO, purchased 173,360 shares.
2. Dr Cooley, CEO, exercised 3,000,000 share options that had
been granted to him on 14 August 2018 at an option price of 30p per
share. He sold a portion of the resulting shares to cover the
option price, income tax and National Insurance due on
exercise.
3. Following the transactions, Dr Cooley holds 2,079,367 shares
in ITM Power (including shares held in the Company's Buy as You
Earn Share Incentive Plan ), representing 0.34% of the issued share
capital, in addition to unvested share options.
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 Ordinary shares of 5p each
financial instrument,
type of instrument
Identification code ISIN: GB00B0130H42
----------------------------------- -----------------------------------------------
b) Nature of the transaction Purchase of shares
----------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------
GBP1.173669 42,601
-------------------------- -------------------
GBP1.176944 21,241
-------------------------- -------------------
GBP1.166458 21,432
-------------------------- -------------------
GBP1.15676 21,612
-------------------------- -------------------
GBP1.16255 21,504
---------------------------------------- -------------------------- -------------------
d) Aggregated information
- Aggregated volume 128,390
- Price GBP149,997.84
----------------------------------- -----------------------------------------------
e) Date of the transaction 2022-09-15
----------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------- -----------------------------------------------
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 Purchase of shares
----------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------
GBP1.113879 22,444
-------------------------- -------------------
GBP1.109816 22,526
---------------------------------------- -------------------------- -------------------
d) Aggregated information
- Aggregated volume 44,970
- Price GBP49,999.62
----------------------------------- -----------------------------------------------
e) Date of the transaction 2022-09-20
----------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------- -----------------------------------------------
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 3,000,000 Ordinary Shares
following the exercise of share options
granted under the terms of the ITM Power
PLC Share Option Plan - EMI and Unapproved
2010, resulting in the issue of 3,000,000
Ordinary Shares at an option price of
GBP0.30 per share
----------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------
GBP0.30 3,000,000
---------------------------------------- -------------------------- -------------------
d) Aggregated information
- Aggregated volume 3,000,000
- Price GBP900,000
----------------------------------- -----------------------------------------------
e) Date of the transaction 2022-09-16
----------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------- -----------------------------------------------
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 Sale of 1,865,382 Ordinary Shares to
fund the option price, and tax and National
Insurance liabilities due in respect
of the issuance of 3,000,000 Ordinary
Shares on 16 September 2022
----------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- -------------------
GBP1.118063 919,734
-------------------------- -------------------
GBP1.113091 945,648
---------------------------------------- -------------------------- -------------------
d) Aggregated information
- Aggregated volume 1,865,382
- Price GBP2,080,912.833210
---------------------------------------- -----------------------------------------------
e) Date of the transaction 2022-09-16
----------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------- -----------------------------------------------
-ends-
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