Director/PDMR Shareholding

RNS Number : 7357S

ITM Power PLC

17 November 2021

 

17 November 2021

ITM Power PLC

("ITM Power" or the "Company")

PDMR Dealings

ITM Power announces the following purchases of shares by Directors (Persons Discharging Management Responsibilities or "PDMRs") in the placing announced on 14 October 2021, which completed on 16 November 2021:

Name	Role	Number of New Shares	Total Shares Held (See note 1)	Shareholding (%) (See note 2)
Andrew Allen	Chief Financial Officer	18,750	65,906	0.01%
Sir Roger Bone	Chairman	6,250	286,236	0.05%
Simon Bourne	Chief Technology Officer	12,500	92,267	0.02%
Graham Cooley	Chief Executive Officer	62,500	768,882	0.13%
Martin Green	Non-Executive Director	9,000	64,319	0.01%
Katherine Roe	Non-Executive Director	5,000	12,659	0.002%
Rachel Smith	Services Director	12,500	82,961	0.01%

Notes:

1.  Beneficial shareholding, which excludes shares held in the Company's Buy as You Earn ("BAYE") Share Incentive Plan.

2.  Percentage of total issued share capital/total voting rights. Total issued share capital/total voting rights are 613,158,155.

ITM Power also announces purchases by, and awards of shares to, the Executive Directors under the BAYE. Under the BAYE, employees can buy up to £150 of ordinary shares per month and ITM Power matches the purchase on a one-for-one basis. The purchases and awards for PDMRs for November 2021 are as follows:

Name of PDMR	Number of Partnership Shares Purchased	Number of Matching Shares Awarded	Total Shares Acquired	Total Shares in Trust
Andrew Allen	29	29	58	1,254
Simon Bourne	29	29	58	1,254
Graham Cooley	29	29	58	1,254
Rachel Smith	29	29	58	1,254

Enquiries:

ITM Power plc	[phone]
Helen Baker (Company Secretary) James Collins (Investor Relations)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Allen
2.	Reason for the notification
a)	Position/status	Chief Financial 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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	18,750
d)	Aggregated information
	- Aggregated volume	18,750
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sir Roger Bone
2.	Reason for the notification
a)	Position/status	Chairman
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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	6,250
d)	Aggregated information
	- Aggregated volume	6,250
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Bourne
2.	Reason for the notification
a)	Position/status	Chief Technology 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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	12,500
d)	Aggregated information
	- Aggregated volume	12,500
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	62,500
d)	Aggregated information
	- Aggregated volume	62,500
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Green
2.	Reason for the notification
a)	Position/status	Non-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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	9,000
d)	Aggregated information
	- Aggregated volume	9,000
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Katherine Roe
2.	Reason for the notification
a)	Position/status	Non-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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	5,000
d)	Aggregated information
	- Aggregated volume	5,000
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		400p	12,500
d)	Aggregated information
	- Aggregated volume	12,500
	- Price	400p per share
e)	Date of the transaction	2021-11-16
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Allen
2.	Reason for the notification
a)	Position/status	Chief Financial 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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.081955	58
d)	Aggregated information
	- Aggregated volume	58
	- Price	£5.081955 per share
e)	Date of the transaction	2021-11-15
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Bourne
2.	Reason for the notification
a)	Position/status	Chief Technology 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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.081955	58
d)	Aggregated information
	- Aggregated volume	58
	- Price	£5.081955 per share
e)	Date of the transaction	2021-11-15
f)	Place of the transaction	London Stock Exchange (XLON)

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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.081955	58
d)	Aggregated information
	- Aggregated volume	58
	- Price	£5.081955 per share
e)	Date of the transaction	2021-11-15
f)	Place of the transaction	London Stock Exchange (XLON)

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	Ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£5.081955	58
d)	Aggregated information
	- Aggregated volume	58
	- Price	£5.081955 per share
e)	Date of the transaction	2021-11-15
f)	Place of the transaction	London Stock Exchange (XLON)

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