ITM Power PLC Board Changes and Notice of Final Results (3614M)
16 September 2019 - 4:00PM
UK Regulatory
TIDMITM
RNS Number : 3614M
ITM Power PLC
16 September 2019
16 September 2019
ITM Power plc
("ITM Power" or the "Company")
Board Changes and Notice of Final Results
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce the appointment of Martin Green as a
non-executive director with immediate effect. He replaces
non-executive director Lord Roger Freeman, who has asked to retire
from the board with effect from publication of the 2019 Annual
Report. The Company is also pleased to announce the appointment of
Nicola Ham Edmonds, currently Head of Legal, as Company
Secretary.
Martin Green (aged 53) had a 30 year plus career with Johnson
Matthey plc until March 2019, most recently as Group Strategy
Director. In this role he was responsible for a portfolio of growth
businesses, strategy development and implementation, including
M&A. As Director of Battery Technologies Martin made GBP120m of
acquisitions and took the division from a standing start to an
annual turnover of GBP150m in four years. A chemistry graduate,
Martin has particular expertise and experience in battery, fuel
cell and hydrogen technologies as well as strategic corporate
development.
Nicola Ham Edmonds (aged 47) was appointed as the Company's Head
of Legal in April 2018 and has 18 years of experience within
in-house legal teams including as Deputy Legal Director at the
Energy Technologies Institute and prior to that at Bombardier
Transportation and Royal Mail plc.
Roger Putnam, Chairman of ITM Power said: "On behalf of my
fellow directors, I welcome Martin to the Board as a non-executive
director whose strategic and technical experience will add
significant value to our discussions. I thank Lord Freeman for his
contribution to the direction of ITM Power over the past nine years
and wish him well for the future. Finally, congratulations from all
of us to Nicola on her appointment as Company Secretary."
Notice of Final Results
ITM Power expects to announce its final results for the year
ended 30 April 2019 in early October.
Further regulatory disclosures
Other than as disclosed below, there are no further disclosures
to be made in accordance with AIM Rule 17 and paragraph (g) of
Schedule Two of the AIM Rules for Companies:
Name: Martin Richard Green
Martin Green is, or has during the last five years been, a
director or partner of the following companies and
partnerships:
Non-executive director at The Henry Royce Institute -
current
Chair of the Board of Trustees, The GravityLight Foundation -
current
Director of brightgreenlines Ltd - current
Director of Widworthy Court Management Limited - current
Director of the UK Hydrogen and Fuel Cell Association -
2011-2015
Director of LifePO4+C Licensing AG (a subsidiary of Johnson
Matthey plc) - 2014-2017
Director of AG Holding Ltd (a subsidiary of Johnson Matthey plc)
- 2012-2016
Director of Johnson Matthey Battery Systems Engineering Ltd (a
subsidiary of Johnson Matthey plc) - 2012-2016
Director of Cummins Electrified Power Europe Ltd (a subsidiary
of Johnson Matthey plc until 2018, subsequently re-named) -
2012-2016
Martin Green does not hold any shares in the Company.
For further information please visit www.itm-power.com or
contact:
ITM Power plc (0)114 244 5111
Graham Cooley, CEO
Investec Bank plc (Nominated Adviser
and Broker) (0)20 7597 5970
Jeremy Ellis / Chris Sim
Tavistock (Financial PR and IR) (0)20 7920 3150
Simon Hudson / Nick Elwes / Barney
Hayward
About ITM Power plc
ITM Power plc manufactures integrated hydrogen energy solutions
for grid balancing, energy storage and the production of green
hydrogen for transport, renewable heat and chemicals. ITM Power plc
was admitted to the AIM market of the London Stock Exchange in
2004. In September 2017, the Company announced the completion of a
GBP29.4m working capital fundraise. The Company signed a forecourt
siting agreement with Shell for hydrogen refuelling stations in
September 2015, which was extended in May 2019 to include buses,
trucks, trains and ships, and subsequently a deal to deploy a 10MW
electrolyser at Shell's Rhineland refinery. The Company entered
into a Strategic Partnership Agreement with Sumitomo Corporation in
July 2018 for the development of multi-megawatt projects in Japan.
Additional customers and partners include Ørsted, National Grid,
Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde,
Toyota, Honda, Hyundai, Anglo American among others.
-ends-
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END
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