ITM Power PLC Close of Accelerated Bookbuild (2075V)
January 26 2017 - 3:36AM
UK Regulatory
TIDMITM
RNS Number : 2075V
ITM Power PLC
26 January 2017
26 January 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN ITM POWER PLC OR ANY OTHER ENTITY
IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS
DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ITM POWER
PLC.
This announcement contains inside information
ITM Power plc
("ITM Power", "the Group" or the "Company")
Close of accelerated bookbuild - successful fundraise of GBP5.7
million at 17p per share
ITM Power (AIM: ITM), the energy storage and clean fuel company,
announces that, further to the announcement made earlier today
entitled "Proposed Accelerated Bookbuild to raise a minimum of
GBP5.5 million", the accelerated bookbuild process has now closed.
The accelerated bookbuild was successful and the Company has
conditionally raised a total of GBP5.7 million, subject to the
passing of certain resolutions by shareholders at the General
Meeting. The Company will shortly announce the full details of the
proposed Firm Placing and post a circular to Shareholders
containing these details and convening the General Meeting.
Unless otherwise defined, all capitalised terms in this
announcement are defined at the end of the announcement made
earlier today entitled "Proposed Accelerated Bookbuild to raise a
minimum of GBP5.5 million".
For further information please visit www.itm-power.com or
contact:
ITM Power plc
Graham Cooley, CEO +44 (0)114 244 5111
Zeus Capital
Andrew Jones / Jonathan Sharp / Hugh Kingsmill
Moore +44 (0)20 3829 5000
Tavistock
Simon Hudson / James Collins +44 (0)20 7920 3150
About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions
which are rapid response and high pressure that meet the
requirements for grid balancing and energy storage services, and
for the production of clean fuel for transport, renewable heat and
chemicals. ITM Power was admitted to the AIM market of the London
Stock Exchange in 2004 and is a founder member of the Social Stock
Exchange. In 2016 the Group has continued its work on the Hyfive
project, opening two refuelling stations in London, and signed fuel
contracts with Arcola Energy, Commercial Group and Arval. The Group
currently has GBP16.98m of projects under contract and a further
GBP1.37m in the later stages of negotiation (GBP18.35m in total).
www.itm-power.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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January 26, 2017 04:36 ET (09:36 GMT)