Last checked at 6 Aug 2014 10:31
6 August 2014
ITM Power plc
("ITM Power" or the "Company")
Grant of Share Options
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces the grant of the following share options:
Grant of Options
EMI Options | Unapproved Options | |||||||
No. | Exercise price (pence) | Vesting | Exercise | No. | Exercise price (pence) | Vesting | Exercise | |
Graham Cooley | 750,000 | 26.50 | Immediately | Up to 10 years from grant | ||||
Simon Bourne | 250,000 | 26.50 | Immediately | Up to 10 years from grant | ||||
Existing Options
EMI Options | Unapproved Options | |||||||
No. | Exercise price (pence) | Vesting | Exercise | No. | Exercise price (pence) | Vesting | Exercise | |
Graham Cooley | 890,000 | 27.53 | 1st/2nd/3rd anniversary | Up to 10 years from grant | 1,360,000 | 46.91 | Immediately | Up to 10 years from grant |
Simon Bourne | 423,596 | 40.10 | 1st/2nd/3rd anniversary | Up to 10 years from grant | 276,404 | 66.75 | Immediately | Up to 10 years from grant |
Total
EMI Options | Unapproved Options | Total | |
No. | No. | No. | |
Graham Cooley | 890,000 | 2,110,000 | 3,000,000 |
Simon Bourne | 673,596 | 276,404 | 950,000 |
Graham Cooley and Simon Bourne currently have the following interests in ordinary shares in addition to the options set out above:
No. of Shares | % of issued share capital | |
Graham Cooley | 377,923 | 0.23% |
Simon Bourne | 326,830 | 0.20% |
For further information please visit www.itm-power.com or contact:
ITM Power plc Graham Cooley, CEO
| 0114 244 5111 |
Zeus Capital Tim Metcalfe (Nominated Adviser) John Goold (Institutional Sales)
| 020 7533 7727 |
Tavistock Communications Simon Hudson / James Collins | 020 7920 3150 |
About ITM Power
The principal activity of ITM Power is the design, manufacture and sale of hydrogen energy systems for energy storage and clean fuel production.
ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006, £5.4m in 2012, £2m in 2013 and £10m in 2014 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions.
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