17 November 2021
ITM Power PLC
("ITM Power" or the "Company")
PDMR Dealings
ITM Power announces the following purchases of shares by Directors (Persons Discharging Management Responsibilities or "PDMRs") in the placing announced on 14 October 2021, which completed on 16 November 2021:
| Name | Role | Number of New Shares | Total Shares Held (See note 1) | Shareholding (%) (See note 2) |
| Andrew Allen | Chief Financial Officer | 18,750 | 65,906 | 0.01% |
| Sir Roger Bone | Chairman | 6,250 | 286,236 | 0.05% |
| Simon Bourne | Chief Technology Officer | 12,500 | 92,267 | 0.02% |
| Graham Cooley | Chief Executive Officer | 62,500 | 768,882 | 0.13% |
| Martin Green | Non-Executive Director | 9,000 | 64,319 | 0.01% |
| Katherine Roe | Non-Executive Director | 5,000 | 12,659 | 0.002% |
| Rachel Smith | Services Director | 12,500 | 82,961 | 0.01% |
Notes:
1. Beneficial shareholding, which excludes shares held in the Company's Buy as You Earn ("BAYE") Share Incentive Plan.
2. Percentage of total issued share capital/total voting rights. Total issued share capital/total voting rights are 613,158,155.
ITM Power also announces purchases by, and awards of shares to, the Executive Directors under the BAYE. Under the BAYE, employees can buy up to £150 of ordinary shares per month and ITM Power matches the purchase on a one-for-one basis. The purchases and awards for PDMRs for November 2021 are as follows:
| Name of PDMR | Number of Partnership Shares Purchased | Number of Matching Shares Awarded | Total Shares Acquired | Total Shares in Trust |
| Andrew Allen | 29 | 29 | 58 | 1,254 |
| Simon Bourne | 29 | 29 | 58 | 1,254 |
| Graham Cooley | 29 | 29 | 58 | 1,254 |
| Rachel Smith | 29 | 29 | 58 | 1,254 |
Enquiries:
| ITM Power plc | +44 (0)114 263 7646 |
| Helen Baker (Company Secretary) |
|
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Andrew Allen | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 18,750 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 18,750 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Sir Roger Bone | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chairman | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 6,250 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 6,250 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Simon Bourne | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chief Technology Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 12,500 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 12,500 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Graham Cooley | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 62,500 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 62,500 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Martin Green | |
| 2. | Reason for the notification | ||
| a) | Position/status | Non-executive Director | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 9,000 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 9,000 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Katherine Roe | |
| 2. | Reason for the notification | ||
| a) | Position/status | Non-executive Director | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 5,000 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 5,000 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Rachel Smith | |
| 2. | Reason for the notification | ||
| a) | Position/status | Executive Director | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Purchase of ordinary shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 400p | 12,500 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 12,500 | |
|
| - Price | 400p per share | |
| e) | Date of the transaction | 2021-11-16 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Andrew Allen | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £5.081955 | 58 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 58 | |
|
| - Price | £5.081955 per share | |
| e) | Date of the transaction | 2021-11-15 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Simon Bourne | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chief Technology Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £5.081955 | 58 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 58 | |
|
| - Price | £5.081955 per share | |
| e) | Date of the transaction | 2021-11-15 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Graham Cooley | |
| 2. | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £5.081955 | 58 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 58 | |
|
| - Price | £5.081955 per share | |
| e) | Date of the transaction | 2021-11-15 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Rachel Smith | |
| 2. | Reason for the notification | ||
| a) | Position/status | Executive Director | |
| b) | Initial notification /Amendment | Initial Notification | |
| 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 financial instrument, type of instrument | Ordinary shares of 5p each | |
|
| Identification code | ISIN: GB00B0130H42 | |
| b) | Nature of the transaction | Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £5.081955 | 58 | ||
| d) | Aggregated information |
| |
|
| - Aggregated volume | 58 | |
|
| - Price | £5.081955 per share | |
| e) | Date of the transaction | 2021-11-15 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
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