Last checked at 14 Aug 2018 07:00
14 August 2018
ITM Power Plc
("ITM Power" or the "Company")
Award of Options
ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that the Remuneration Committee of the Company has approved the awards of options over ordinary shares of par value £0.05 each in the capital of the Company to the Executive Directors as follows:
Director | Position | Options granted | Existing options | Total options |
Dr G Cooley | CEO | 3,000,000 | 3,000,000 | 6,000,000 |
Dr S Bourne | CTO | 1,750,000 | 950,000 | 2,700,000 |
Dr R Smith | Director | 1,250,000 | 100,000 | 1,350,000 |
Mr A Allen | Finance Director | 1,000,000 | 50,000 | 1,050,000 |
All options are being issued with an exercise price of 30p, being the mid closing price on the day of announcement of the final results. Options vest in thirds on the first, second and third anniversary of the grant award and have a ten year expiry from when the options were granted.
The Executive Directors currently have the following interests in ordinary shares in addition to the options set out above:
Director | Position | Number of shares | % of issued share capital |
Dr G Cooley | CEO | 1,062,726 | 0.33% |
Dr S Bourne | CTO | 326,830 | 0.10% |
Dr R Smith | Director | 80,886 | 0.02% |
Mr A Allen | Finance Director | Nil | 0.00% |
For further information please visit www.itm-power.com or contact:
ITM Power plc Graham Cooley, CEO | +44 (0)114 244 5111 |
Investec Bank plc (Nominated Adviser and Broker) Jeremy Ellis / Chris Sim / Alexander Ruffman | +44 (0)20 7597 5970 |
Tavistock (Financial PR and IR) Simon Hudson / Nick Elwes / Barney Hayward | +44 (0)20 7920 3150 |
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name | Dr G 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 | Options over ordinary shares of £0.05
| |||
Identification code | GB00B0130H42 | ||||
b)
| Nature of the transaction | Grant of Options | |||
c)
| Price(s) and volume(s) | Price(s) - 30p Volume(s) - 3,000,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
n/a | |||||
- Price | |||||
e)
| Date of the transaction
| 14 August 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name | Dr S Bourne | |||
2
| Reason for the notification
| ||||
a)
| Position/status | CTO | |||
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 | Options over ordinary shares of £0.05p
| |||
Identification code | GB00B0130H42 | ||||
b)
| Nature of the transaction | Grant of Options | |||
c)
| Price(s) and volume(s) | Price(s) - 30p Volume(s) - 1,750,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
n/a | |||||
- Price | |||||
e)
| Date of the transaction | 14 August 2018 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name | Dr R Smith | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Executive Director | |||
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 | Options over ordinary shares of £0.05p
| |||
Identification code | GB00B0130H42 | ||||
b)
| Nature of the transaction | Grant of Options | |||
c)
| Price(s) and volume(s) | Price(s) - 30p Volume(s) - 1,250,000
| |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
n/a | |||||
- Price | |||||
e)
| Date of the transaction
| 14 August 2018 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
a)
| Name | Mr A Allen | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Finance Director | |||
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 | Options over ordinary shares of £0.05p | |||
Identification code | GB00B0130H42 | ||||
b)
| Nature of the transaction
| Grant of Options | |||
c)
| Price(s) and volume(s) | Price(s) - 30p Volume(s) - 1,000,000 | |||
d)
| Aggregated information | ||||
- Aggregated volume | |||||
n/a | |||||
- Price | |||||
e)
| Date of the transaction
| 14 August 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM | |||
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