PDMR Purchases & LTIP Awards

RNS Announcement

RNS Number : 5030F

ITM Power PLC

17 November 2020

ITM Power plc

(the "Company")

PDMR Dealings and LTIP Grants

ITM Power announces the following purchases of shares by Directors (Persons Discharging Management Responsibilities or "PDMR"s) in the placing announced on 22 October 2020, which completed on 12 November 2020:

PDMR	Placing 2020, shares bought	Shares pre-placing	% ISC pre-placing	Shares post placing	% ISC pre-placing
Sir Roger Bone	21,276	258,710	0.05	279,986	0.05
Dr Graham Cooley	106,382	600,000	0.13	706,382	0.13
Dr Simon Bourne	10,638	69,129	0.01	79,767	0.01
Dr Rachel Smith	6,382	64,079	0.01	70,461	0.01
Andrew Allen	6,382	40,774	0.01	47,156	0.01
Martin Green	15,319	40,000	0.01	55,319	0.01
Katherine Roe	7,659	Nil	N/A	7,659	0.01

LTIP Grants

In the announcement concerning the grant of awards under the Company's Long Term Incentive Plan ("LTIP") dated 23 October 2020, it was stated that awards over a total number of 268,582 ordinary shares would be made to the Executive Directors and certain employees, conditional upon completion of the Fundraising announced on 22 October 2020. This condition having been satisfied, the following awards, disclosed in the announcement of 23 October 2020 have been made to PDMRs:

Name of Director/PDMR	Number of Shares over which the LTIP Award is granted
Graham Cooley	88,298
Andy Allen	45,919
Rachel Smith	45,863
Simon Bourne	67,839
Total awards granted	247,919

Enquiries:

ITM Power plc

+44 (0)114 263 7646

Nicola Ham Edmonds (Head of Legal and Company Secretary)

James Collins (IR)

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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	21,276
d)	Aggregated information

	- Aggregated volume	21,276

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	106,382
d)	Aggregated information

	- Aggregated volume	106,382

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Bourne
2	Reason for the notification
a)	Position/status	CTO
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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	10,638
d)	Aggregated information

	- Aggregated volume	10,638

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	6,382
d)	Aggregated information

	- Aggregated volume	6,382

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Allen
2	Reason for the notification
a)	Position/status	Finance 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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	6,382
d)	Aggregated information

	- Aggregated volume	6,382

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	15,319
d)	Aggregated information

	- Aggregated volume	15,319

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

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
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		235p	7,659
d)	Aggregated information

	- Aggregated volume	7,659

	- Price	235p

e)	Date of the transaction	12 November 2020
f)	Place of the transaction	The London Stock Exchange

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	Options over ordinary shares of 5p each

	Identification code	ISIN: GB00B0130H42

b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		0.05	88,298
d)	Aggregated information

	- Aggregated volume	88,298

	- Price	4414.9

e)	Date of the transaction	13 November 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Allen
2	Reason for the notification
a)	Position/status	Finance 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	Options over ordinary shares of 5p each

	Identification code	ISIN: GB00B0130H42

b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		0.05	45,919
d)	Aggregated information

	- Aggregated volume	45,919

	- Price	2295.9

e)	Date of the transaction	13 November 2020
f)	Place of the transaction	Outside a trading venue

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	Options over ordinary shares of 5p each

	Identification code	ISIN: GB00B0130H42

b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Nominal cost option	45,863
d)	Aggregated information

	- Aggregated volume	45,863

	- Price	2293.1

e)	Date of the transaction	13 November 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Bourne
2	Reason for the notification
a)	Position/status	CTO
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	Options over ordinary shares of 5p each

	Identification code	ISIN: GB00B0130H42

b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		Nominal cost option	67,839
d)	Aggregated information

	- Aggregated volume	67,839

	- Price	3391.9

e)	Date of the transaction	13 November 2020
f)	Place of the transaction	Outside a trading venue

-ends-

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END

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RNS metadata

Title: PDMR Purchases & LTIP Awards
Time: 07:01:04
Date: 17 Nov 2020
Category: Director/PDMR dealings
ID: 5030F