08:00 Wed 10 Jun 2020
ITM Power PLC - Director/PDMR Shareholding
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Director/PDMR Shareholding
Dr
The transactions have been undertaken for the purposes of wealth diversification. The Executive Team remain committed to retaining a long term equity interest in the Company in excess of 100% of annual basic salary. Following the above transactions, each PDMR retains a combined value of shareholdings and exercisable options approximately at or above this threshold.
PDMR | Position | Options exercised | Weighted average exercise price (£) | Options/ Shares sold | Sale price (£) | Options remaining after exercise | Current shareholding | % ISC |
| CEO | 1,800,000 | 0.477 | 2,337,726 | 2.8305 | 3,307,500 | 600,000 | 0.825 |
| CFO | 383,333 | 0.332 | 367,559 | 2.8305 | 713,917 | 40,774 | 0.159 |
| CTO | 1,333,333 | 0.419 | 1,591,034 | 2.8305 | 1,326,417 | 69,129 | 0.295 |
| Executive Director | 416,666 | 0.300 | 497,552 | 2.8305 | 905,334 | 64,079 | 0.205 |
The options were granted between 2011 and 2018 under the
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares sold.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||
a) | | | ||
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) | | | ||
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 and ordinary shares of 5p each | ||
|
| |||
Identification code | ISIN: GB00B0130H42 | |||
|
| |||
b) | Nature of the transaction | Exercise of options and sale of the resultant shares and sale of shares | ||
c)
| Price(s) and volume(s) |
|
| |
| Exercise Price | Sale Price | Volume(s) | |
| 50p | 283.05p | 250,000 | |
|
| 66.75p | 283.05p | 800,000 |
|
| 26.5p | 283.05p | 750,000 |
|
| - | 283.05p | 537,726 |
d)
| Aggregated information |
| ||
|
| |||
- Aggregated volume | 2,337,726 | |||
|
| |||
- Price | 283.05p | |||
|
| |||
e) | Date of the transaction | | ||
f) | Place of the transaction | |
1
| Details of the person discharging managerial responsibilities / person closely associated | |||
a) | | | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Financial Officer | ||
b) | Initial notification /Amendment | Initial Notification | ||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | | | ||
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 and ordinary shares of 5p each | ||
|
| |||
Identification code | ISIN: GB00B0130H42 | |||
|
| |||
b) | Nature of the transaction | Exercise of options and sale of the resultant shares | ||
c)
| Price(s) and volume(s) |
|
| |
| Exercise Price | Sale Price | Volume(s) | |
| 30p | 283.05p | 50,000 | |
|
| 54.5p | 283.05p | 317,559 |
d)
| Aggregated information |
| ||
|
| |||
- Aggregated volume | 367,559 | |||
|
| |||
- Price | 283.05 | |||
|
| |||
e) | Date of the transaction | | ||
f) | Place of the transaction | |
1
| Details of the person discharging managerial responsibilities / person closely associated | |||
a) | | Dr | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Technology Office | ||
b) | Initial notification /Amendment | Initial Notification | ||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | | | ||
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 and ordinary shares of 5p each | ||
|
| |||
Identification code | ISIN: GB00B0130H42 | |||
|
| |||
b) | Nature of the transaction | Exercise of options and sale of the resultant shares and sale of shares | ||
c)
| Price(s) and volume(s) |
|
| |
| Exercise Price | Sale Price | Volume(s) | |
| 66.75p | 283.05p | 123,596 | |
|
| 49.88p | 283.05p | 100,000 |
|
| 26.5p | 283.05p | 250,000 |
|
| 66.75p | 283.05p | 276,404 |
|
| 30p | 283.05p | 583,333 |
|
| - | 283.05p | 257,701 |
d)
| Aggregated information |
| ||
|
| |||
- Aggregated volume | 1,591,034 | |||
|
| |||
- Price | 283.05 | |||
|
| |||
e) | Date of the transaction | | ||
f) | Place of the transaction | |
1
| Details of the person discharging managerial responsibilities / person closely associated | |||
a) | | Dr | ||
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) | | | ||
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 and ordinary shares of 5p each | ||
|
| |||
Identification code | ISIN: GB00B0130H42 | |||
|
| |||
b) | Nature of the transaction | Exercise of options and sale of the resultant shares and sale of shares | ||
c)
| Price(s) and volume(s) |
|
| |
| Exercise Price | Sale Price | Volume(s) | |
| 30p | 283.05p | 416,666 | |
|
| - | 283.05p | 80,886 |
d)
| Aggregated information |
| ||
|
| |||
- Aggregated volume | 497,552 | |||
|
| |||
- Price | 283.05 | |||
|
| |||
e) | Date of the transaction | | ||
f) | Place of the transaction | |
1
| Details of the person discharging managerial responsibilities / person closely associated | ||
a) | | | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr | |
b) | Initial notification /Amendment | Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | | | |
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 | Sale of Shares | |
c)
| Price(s) and volume(s) |
|
|
| Sale Price | Volume(s) | |
| 283.05p | 40,046 | |
|
| ||
d)
| Aggregated information |
| |
|
| ||
- Aggregated volume | 40,046 | ||
|
| ||
- Price | 283.05 | ||
|
| ||
e) | Date of the transaction | | |
f) | Place of the transaction | |
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is
For further information, please visit www.itm-power.com or contact:
| (0)114 244 5111 |
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| (0)20 7597 5970 |
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Tavistock (Financial PR and IR) | (0)20 7920 3150 |
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