Director Share Dealings

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 director	Position	Number of shares sold	Resultant shareholding	Price for transaction
Graham Cooley	CEO	1,000,000	1,137,726 (0.24% ISC)	£0.6178
Simon Bourne	CTO	200,000	349,462 (0.07% ISC)	£0.6178
Rachel Smith	Executive Director	35,921	144,965 (0.03% ISC)	£0.6785

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 £58.8 million fundraise, including a subscription by Linde of £38 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 /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	Options over ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.6178	1,000,000
d)	Aggregated information
	- Aggregated volume	1,000,000
	- Price	£0.6178
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 /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	Options over ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.6178	200,000
d)	Aggregated information
	- Aggregated volume	200,000
	- Price	£0.6178
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 /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	Options over ordinary shares of 5p each
	Identification code	ISIN: GB00B0130H42
b)	Nature of the transaction	Sale of Shares
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.6785	35,921
d)	Aggregated information
	- Aggregated volume	35,921
	- Price	£0.6785
e)	Date of the transaction	2 December 2019
f)	Place of the transaction	The London Stock Exchange

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