ITM Power PLC PDMR Grant of Options (6785X)
August 14 2018 - 1:00AM
UK Regulatory
TIDMITM
RNS Number : 6785X
ITM Power PLC
14 August 2018
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
GBP0.05 each in the capital of the Company to the Executive
Directors as follows:
Options Existing
Director Position granted 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:
% of issued
Director Position Number of shares 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 Initial Notification
/Amendment
---------------------------------- ----------------------------------------------
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 Options over ordinary shares of GBP0.05
financial instrument,
type of instrument
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 Initial Notification
/Amendment
---------------------------------- -----------------------------------------------
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 Options over ordinary shares of GBP0.05p
financial instrument,
type of instrument
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 Initial Notification
/Amendment
---------------------------------- -----------------------------------------------
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 Options over ordinary shares of GBP0.05p
financial instrument,
type of instrument
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 Initial Notification
/Amendment
---------------------------------- -----------------------------------------------
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 Options over ordinary shares of GBP0.05p
financial instrument,
type of instrument
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
---------------------------------- -----------------------------------------------
-ends-
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END
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