Last checked at 15 Sep 2022 07:00
15 September 2022
ITM Power PLC
(the "Company")
Block Listing Application
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that a block listing application (the "Block Admission") has been made to the London Stock Exchange for up to 1,835,000 ordinary shares of £0.05 each (the "Block Listing Shares") to be admitted to trading on AIM ("Admission").
The ordinary shares that are being reserved under this block listing application will be issued by the Company, as required, in order to satisfy the exercise of share options and vested awards pursuant to the terms of the following share plans (each a "Scheme"):
Scheme | No. of ordinary shares under block listing application |
2020 ITM Power PLC Long Term Incentive Plan | 1,783,000 |
2020 ITM Power PLC Long Term Incentive Plan for Non-Employees | 52,000 |
The Block Listing Shares will, upon issue, rank equally with all other ordinary shares of £0.05 each in the capital of the Company that are then in issue. The Block Listing Admission is expected to become effective on 20 September 2022.
For further information please visit www.itm-power.com or contact:
ITM Power PLC Helen Baker, Company Secretary James Collins / Justin Scarborough, Investor Relations
| +44 (0)114 244 5111 |
Investec Bank plc (Nominated Adviser and Broker) Jeremy Ellis / Chris Sim / Ben Griffiths
| +44 (0)20 7597 5970 |
Tavistock (Financial PR and IR) Simon Hudson / Tim Pearson / Charles Baister
| +44 (0)20 7920 3150 |
About ITM Power PLC
ITM Power 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.
ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity planned to reach 1.5 GW (1,500 MW) per annum and has an ambition to grow capacity in line with demand to 5 GW per annum, supported by a £250m equity raise in Q4 2021. Partners include Linde, Shell, Snam, and Vitol among others.
-ends-