Last checked at 17 Feb 2017 08:05
17 February 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
ITM Power plc
("ITM Power" or "the Company")
Director's Dealing
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that, following admission earlier today of the 33,720,203 ordinary shares of £0.05 each ('Ordinary Shares') in connection with the placing announced on 26 January 2017 (the 'Placing') the following dealing by a Director in the Company's Ordinary Shares, by way of his participation in the Placing, have now taken place at the placing price of 17 pence per Ordinary Share.
Following this dealing, his resulting interest is as follows:
Director | Ordinary Shares held prior to dealing | Ordinary Shares purchased in the Placing | Ordinary Shares held post dealing | % interest in issued ordinary share capital |
Dr Graham Cooley | 811,256 | 176,470 | 987,726 | 0.39 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dr Graham Cooley | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
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 Identification code | Ordinary shares of £0.05
ISIN: GB00B0130H42 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 17 February 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information please visit www.itm-power.com or contact:
ITM Power plc Graham Cooley, CEO | +44 (0)114 244 5111 |
Zeus Capital Andrew Jones / Jonathan Sharp / Hugh Kingsmill Moore | +44 (0)20 3829 5000 |
Tavistock Simon Hudson / James Collins | +44 (0)20 7920 3150 |
About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power was admitted to the AIM market of the London Stock Exchange in 2004. The Group currently has £16.78m of projects under contract and a further £1.36m in the later stages of negotiation (£18.14m in total).
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