ITM Power PLC Director/PDMR Shareholding (1330X)
17 February 2017 - 7:05PM
UK Regulatory
TIDMITM
RNS Number : 1330X
ITM Power PLC
17 February 2017
17 February 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
ITM Power plc
("ITM Power" or "the Company")
Director's Dealing
ITM Power (AIM: ITM), the energy storage and clean fuel company,
announces that, following admission earlier today of the 33,720,203
ordinary shares of GBP0.05 each ('Ordinary Shares') in connection
with the placing announced on 26 January 2017 (the 'Placing') the
following dealing by a Director in the Company's Ordinary Shares,
by way of his participation in the Placing, have now taken place at
the placing price of 17 pence per Ordinary Share.
Following this dealing, his resulting interest is as
follows:
Director Ordinary Ordinary Ordinary % interest
Shares held Shares purchased Shares held in issued
prior to in the Placing post dealing ordinary
dealing share capital
----------- ------------- ------------------ -------------- ---------------
Dr Graham
Cooley 811,256 176,470 987,726 0.39
----------- ------------- ------------------ -------------- ---------------
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------
a) Name Dr Graham Cooley
--- ------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------
a) Position/status CEO
--- ------------------- -------------------------------
b) Initial Initial notification
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 Ordinary shares of GBP0.05
of the
financial ISIN: GB00B0130H42
instrument,
type of
instrument
Identification
code
--- ------------------- -------------------------------
b) Nature Purchase of Ordinary Shares
of the
transaction
--- ------------------- -------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
17p 176,470
--------- ----------
--- ------------------- -------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ------------------- -------------------------------
e) Date of 17 February 2017
the transaction
--- ------------------- -------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--- ------------------- -------------------------------
For further information please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 244
Graham Cooley, CEO 5111
Zeus Capital
Andrew Jones / Jonathan Sharp +44 (0)20 3829
/ Hugh Kingsmill Moore 5000
Tavistock +44 (0)20 7920
Simon Hudson / James Collins 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. The Group currently has GBP16.78m of
projects under contract and a further GBP1.36m in the later stages
of negotiation (GBP18.14m in total).
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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