ITM Power PLC Block Listing Application (6294V)
15 December 2021 - 12:53AM
UK Regulatory
TIDMITM
RNS Number : 6294V
ITM Power PLC
14 December 2021
14 December 2021
ITM Power PLC
(the "Company")
Block Listing Application
ITM Power (AIM: ITM), the energy storage and clean fuel company,
announces that a block listing application (the "Block Admission")
has been made to the London Stock Exchange for up to 5,500,000
ordinary shares of GBP0.05 each (the "Block Listing Shares") to be
admitted to trading on AIM ("Admission").
The ordinary shares that are being reserved under this block
listing application will be issued by the Company, as required, in
order to satisfy the exercise of share options and vested awards
pursuant to the terms of the following share plan (the
"Scheme"):
Scheme No. of ordinary shares under block
listing application
ITM Power PLC Share Option Plan 2010 5,500,000
-----------------------------------
The Block Listing Shares will, upon issue, rank equally with all
other ordinary shares of GBP0.05 each in the capital of the Company
that are then in issue. The Block Listing Admission is expected to
become effective on 17 December 2021.
For further information, please visit www.itm-power.com or
contact:
ITM Power PLC
James Collins, Investor Relations +44 (0)114 551 1205
Justin Scarborough, Investor Relations +44 (0)114 551 1080
Helen Baker, Company Secretary +44 (0)114 244 5111
Investec Bank plc (Nominated Adviser
& Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Ben Griffiths
Tavistock (Financial PR and IR)
Simon Hudson / Tim Pearson / David
Cracknell +44 (0)20 7920 3150
About ITM Power PLC:
ITM Power manufactures integrated hydrogen energy solutions for
grid balancing, energy storage and the production of renewable
hydrogen for transport, renewable heat and chemicals. ITM Power PLC
was admitted to the AIM market of the London Stock Exchange in
2004. In October 2019, the Company announced the completion of a
GBP58.8m fundraising, including an investment by Linde of GBP38m,
together with the formation of a joint venture to deliver renewable
hydrogen to large-scale industrial projects worldwide. In November
2020, ITM Power completed a GBP172m fundraising, including a GBP30m
investment by Snam, one of the world's leading energy
infrastructure operators. In January 2021, the Company received an
order for the world's then largest PEM electrolyser of 24MW from
Linde. In October 2021, the Company, with Linde, announced the
deployment of a 100MW electrolyser at Shell's Rhineland refinery,
following the start-up of an initial 10MW facility at the site. In
November 2021, ITM Power raised GBP250m to accelerate
expansion.
ITM Power operates from the world's largest electrolyser factory
in Sheffield with a capacity of 1GW (1,000MW) per annum, with the
announced intention to build a second UK Gigafactory in Sheffield
with a capacity of 1.5GW expected to be fully operational by the
end of 2023. The Group's first international facility, expected to
have a capacity of 2.5GW per annum, is intended to be operational
by the end of 2024, bringing total Group capacity to 5GW per annum.
Customers and partners include Sumitomo, Ørsted, Phillips 66,
Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks,
Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and
Anglo American among others.
-ends-
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