Director/PDMR Shareholding

RNS Number : 1274A

ITM Power PLC

21 September 2022

 

21 September 2022

ITM Power PLC

("ITM Power" or the "Company")

PDMR Dealings - Purchase of Shares and Exercise of Options by Dr Graham Cooley

ITM Power announces that it has received notification of the following share transactions by Dr Graham Cooley, CEO and a Person Discharging Managerial Responsibilities ("PDMR"):

1.  Dr Cooley, CEO, purchased 173,360 shares.

2.  Dr Cooley, CEO, exercised 3,000,000 share options that had been granted to him on 14 August 2018 at an option price of 30p per share. He sold a portion of the resulting shares to cover the option price, income tax and National Insurance due on exercise.

3.  Following the transactions, Dr Cooley holds 2,079,367 shares in ITM Power (including shares held in the Company's Buy as You Earn Share Incentive Plan ), representing 0.34% of the issued share capital, in addition to unvested share options.

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	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 shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£1.173669	42,601
		£1.176944	21,241
		£1.166458	21,432
		£1.15676	21,612
		£1.16255	21,504
d)	Aggregated information
	- Aggregated volume	128,390
	- Price	£149,997.84
e)	Date of the transaction	2022-09-15
f)	Place of the transaction	London Stock Exchange (XLON)
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 shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£1.113879	22,444
		£1.109816	22,526
d)	Aggregated information
	- Aggregated volume	44,970
	- Price	£49,999.62
e)	Date of the transaction	2022-09-20
f)	Place of the transaction	London Stock Exchange (XLON)
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	Acquisition of 3,000,000 Ordinary Shares following the exercise of share options granted under the terms of the ITM Power PLC Share Option Plan - EMI and Unapproved 2010, resulting in the issue of 3,000,000 Ordinary Shares at an option price of £0.30 per share
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.30	3,000,000
d)	Aggregated information
	- Aggregated volume	3,000,000
	- Price	£900,000
e)	Date of the transaction	2022-09-16
f)	Place of the transaction	Outside a trading venue
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	Sale of 1,865,382 Ordinary Shares to fund the option price, and tax and National Insurance liabilities due in respect of the issuance of 3,000,000 Ordinary Shares on 16 September 2022
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£1.118063	919,734
		£1.113091	945,648
d)	Aggregated information
	- Aggregated volume	1,865,382
	- Price	£2,080,912.833210
e)	Date of the transaction	2022-09-16
f)	Place of the transaction	London Stock Exchange (XLON)

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