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ITM Power PLC - Director/PDMR Shareholding

RNS Number : 0250Q
ITM Power PLC
16 June 2020
 

16 June 2020

 

ITM Power plc

("ITM Power" or the "Company")

 

Director/PDMR Shareholding

 

ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that further to the announcement dated 10 June 2020, it has been notified that an additional transfer of 3,500 ordinary shares took place on 11 June 2020 to a family member of Executive Director Rachel Smith's husband.  These shares were transferred to the family member by Rachel Smith's husband for nil consideration.

 

Rachel Smith's resultant holdings in the Company remain as stated in the announcement dated 10 June 2020.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Trevor Smith

2

Reason for the notification

a)

Position/status

Person closely associated with Dr Rachel Smith

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

Nature of the transaction

Transfer of Shares

Price(s) and volume(s)

 

b)

 

Sale Price

c)

 

 

nil

 

 

nil

 

Volume(s)

Aggregated information

nil

 

 

3,500

 

 

d)

 

- Aggregated volume

3,500

 

 

- Price

nil

 

 

Date of the transaction

11/6/20

Place of the transaction

Outside of a trading venue

 

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

 

ITM Power plc

(0)114 244 5111

Nicola Ham Edmonds, Company Secretary

 

 

 

Investec Bank plc (Nominated Adviser and Broker)

(0)20 7597 5970

Jeremy Ellis / Chris Sim / Ben Griffiths / Tejas Padalkar

 

 

 

Tavistock (Financial PR and IR)

(0)20 7920 3150

Simon Hudson / Edward Lee / Barney Hayward

 

 

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  In October 2019, the Company announced the completion of a £58.8 million fundraising, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide.  ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015 (which was extended in May 2019 to include buses, trucks, trains and ships), and in January 2018 a 'first of a kind' project to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

 

-ends-


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Quick facts: ITM Power PLC

Price: 261.84

Market: AIM
Market Cap: £1.25 billion
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