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Last checked at 
21 Sep 2022 09:03
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 | +44 (0)114 244 5111 |
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) | |
-ends-
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