Director/PDMR Shareholding

RNS Number : 9259Z

ITM Power PLC

24 January 2011

 



24 January 2011

ITM Power plc

("ITM Power" or "the Company")

Director's Purchase and Grant of Options

ITM Power (AIM: ITM), the energy storage and clean fuel company announces that Dr Graham Cooley, Chief Executive Officer of ITM acquired 9,231 Ordinary Shares in ITM at a price of 65p per share on 21 January 2011. Following this purchase, Dr. Cooley has an interest in 212,258 Ordinary Shares representing 0.19% of the Company's issued share capital. Separately, the Board announces the grant of options to directors as follows:

Option Grant 21 January 2011

	EMI Options				Unapproved Options
	No.	Exercise price (pence)	Vesting	Exercise	No.	Exercise price (pence)	Vesting	Exercise
Roger Putnam					100,000	66.75	immediately	Up to 10 years from grant
Graham Cooley					800,000	66.75	immediately	Up to 10 years from grant
Simon Bourne	123,595	66.75	immediately	Up to 10 years from grant	276,405	66.75	immediately	Up to 10 years from grant

Existing Options

	EMI Options				Unapproved Options
	No.	Exercise price (pence)	Vesting	Exercise	No.	Exercise price (pence)	Vesting	Exercise
Roger Putnam					50,000	20.5	23/11/2010	23/11/2019
Graham Cooley	640,000	18.75	1st/2nd/3rd anniversary	Up to 10 years from grant	560,000	18.57	1st/2nd/3rd anniversary	Up to 10 years from grant
Simon Bourne	200,000	18.75	1st/2nd/3rd anniversary	Up to 10 years from grant

Total

	EMI Options	Unapproved Options	Total
	No.	No.	No.
Roger Putnam		150,000	150,000
Graham Cooley	640,000	1,360,000	2,000,000
Simon Bourne	323,595	276,405	600,000

The Directors currently have the following interests in ordinary shares in addition to the options set out above:

	No. of Shares	% of issued share capital
Roger Putnam	27,129	0.02%
Graham Cooley	212,258	0.19%
Simon Bourne	326,830	0.30%

For further information please visit www.itm-power.com or contact:

ITM Power plc Graham Cooley, CEO	0114 244 5111
Panmure Gordon & Co. Katherine Roe	020 7459 3600
Tavistock Communications Simon Hudson / Andrew Dunn	020 7920 3150

 

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