21 Aug 2006 11:44
21 August 2006 ITM Power plc ("ITM" or "the Company") Grant of Options ITM Power PLC announces that Jim Heathcote, Chief Executive, was granted 13,153options on 11 August 2006, exercisable at a price of 130p per share.The options have been issued pursuant to ITM's newly established Save As YouEarn scheme and are exercisable seven years from the date of grant and expire 6months after they become exercisable. This scheme is open to all members of thecompany in accordance with HM Revenue & Customs' rules.Following this grant of options, Mr Heathcote now holds options over 7,422,653Ordinary Shares of 5p each in the Company.Enquiries:Marcus Scott, CFOITM Power plcTel: 01799 532 860ENDITM POWER PLC