Directors' and Significant Shareholders' Interests

RNS Number : 1033I

ITM Power PLC

20 July 2012

 



20 July 2012

ITM Power Plc

("ITM Power" or "The Company")

Completion of Firm Placing

Directors' Dealings

The Company announces that pursuant to the Placing announced on 19 July 2012, 10,000,000 New Ordinary Shares of 5 pence each have been admitted to trading on AIM at 8.00am today ("First Admission").

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

Directors

	Holding prior to Placing (Ordinary Shares)	%	Holding following the Placing (Ordinary Shares)	%
Peter Hargreaves	8,775,310	7.90	10,575,310	8.73
Dr Simon Bourne	326,830	0.29	326,830	0.27
Dr Graham Cooley	251,256	0.23	251,256	0.21
Barry Cunliffe	47,763	0.04	47,763	0.04
Roger Putnam	5,000	-	5,000	-
Lord Freeman	27,129	0.02	27,129	0.02

Significant Shareholders

	Holding prior to Placing (Ordinary Shares)	%	Holding following the Placing (Ordinary Shares)	%
Allianz Global Investors	8,661,897	7.80	9,661,897	7.98
Majedie Asset Management	2,779,946	2.50	4,779,946	3.95

Following First Admission, the Company's issued share capital consists of 121,077,230 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 121,077,230.

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 Simon Hudson / Kelsey Traynor	020 7920 3150

 

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