Last checked at 21 Feb 2014 11:08
21 February 2014
ITM Power plc
("ITM Power" or the "Company")
Result of General Meeting and Placing to Raise £10 million
The Board of ITM Power (AIM:ITM.L) is pleased to announce that at the General Meeting held earlier today, all resolutions in connection with the placing of 33,333,333 new ordinary shares at a price of 30p, announced on 31 January 2014 and raising gross funds of £10 million for the Company, were duly passed.
Application has been made for the placing shares to be admitted to trading on AIM, and this is expected to occur on 24 February 2014.
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 plc
ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. 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.