24 February 2020
ITM Power plc
("ITM Power" or "the Company")
Block Listing Application
Total Voting Rights
ITM Power (AIM: ITM), the energy storage and clean fuel group, announces that an application has been made to the London Stock Exchange for 5,000,000 ordinary shares of 5p each ("Ordinary Shares") to be admitted to trading on AIM. The Ordinary Shares are being reserved and will be issued as required in order to cover future issue of ordinary shares arising from ITM Power plc Share Option Plan 2010.
When issued, the Ordinary Shares under the block listing will rank pari passu with the Company's existing ordinary shares. It is expected that admission will become effective on 27 February 2020.
At present, the issued share capital of the Company comprises 472,997,923 ordinary shares. The Company does not hold any shares in treasury. Therefore, the figure of 472,997,923 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of ITM Power under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please visit www.itm-power.com or contact:
ITM Power plc |
(0)114 244 5111 |
Nicola Ham Edmonds, Company Secretary |
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Investec Bank plc (Nominated Adviser and Broker) |
(0)20 7597 5970 |
Jeremy Ellis / Chris Sim / Ben Griffiths / Tejas Padalkar |
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Tavistock (Financial PR and IR) |
(0)20 7920 3150 |
Simon Hudson / Edward Lee / Barney Hayward |
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About ITM Power plc:
ITM Power plc 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 £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide. ITM Power 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 in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.
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