Grant of Options

RNS Number : 0783I

ITM Power PLC

19 July 2012

 



19 July 2012

ITM Power plc

('ITM' or the 'Group')

Grant of share options to a Director

ITM Power (AIM: ITM), the energy storage and clean fuel company announces that on 19 July 2012 it granted options over 250,000 ordinary shares in the Company at an option price of 50 pence per share to Graham Cooley, Chief Executive Officer.  The options were granted under the provisions of the Company's Enterprise Management Incentive Scheme and will vest immediately.  The options are exercisable until 18 July 2022.

Dr Cooley currently holds 251,256 ordinary shares in the Company and holds options over 2,000,000 ordinary shares in the Company.

For further information please 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 7500
Tavistock Communications Simon Hudson / Kelsey Traynor	020 7920 3150

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