Directors and Major Interests

RNS Number : 5111J

ITM Power PLC

08 August 2012

 



8 August 2012

ITM Power Plc

("ITM Power" or "The Company")

Completion of Open Offer

Directors' Dealings

The Company announces that pursuant to close of the Open Offer the results of which were announced on 3 August 2012, 1,544,349 New Ordinary Shares of 5 pence each have been admitted to trading on AIM at 8.00am today ("Second Admission").

Following the Open Offer, resultant interests of the Directors and significant shareholders in the Ordinary Shares of the Company are as follows:

Directors	Holding prior to Open Offer (Ordinary Shares)	%	Holding following the Open Offer (Ordinary Shares)	%
Peter Hargreaves	10,575,310	8.73	10,575,310	8.62
Dr Simon Bourne	326,830	0.27	326,830	0.27
Dr Graham Cooley	251,256	0.21	311,256	0.25
Barry Cunliffe	47,763	0.04	51,115	0.04
Roger Putnam	5,000	-	5,000	-
Lord Freeman	27,129	0.02	27,129	0.02
Significant Shareholders	Holding prior to Open Offer (Ordinary Shares)	%	Holding following the Open Offer (Ordinary Shares)	%
Allianz Global Investors	9,661,897	7.98	9,661,897	7.88
Majedie Asset Management	4,779,946	3.95	4,779,946	3.90

Following Second Admission, the Company's issued share capital consists of 122,629,879 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. Therefore, in accordance with the FSA's Disclosure and Transparency Rule 5.6.1, the Company confirms that the total number of voting rights in the Company is 122,629,879.

Terms used in this announcement shall have the same meaning as set out in the Announcement and the Circular dated 19 July 2012.

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

ITM Power plc Graham Cooley, CEO	0114 244 5111
Singer Capital Markets Limited (Nominated Adviser & Broker) Shaun Dobson / Samantha New	www.singercm.com 020 3205 7628
Tavistock Communications (Financial PR & IR) Simon Hudson / Kelsey Traynor	020 7920 3150

 

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