Result of EGM

RNS Number : 6472A

ITM Power PLC

21 February 2014

 



21 February 2014

ITM Power plc

("ITM Power" or the "Company")

Result of General Meeting and Placing to Raise £10 million

The Board of ITM Power (AIM:ITM.L) is pleased to announce that at the General Meeting held earlier today, all resolutions in connection with the placing of 33,333,333 new ordinary shares at a price of 30p, announced on 31 January 2014 and raising gross funds of £10 million for the Company, were duly passed.

Application has been made for the placing shares to be admitted to trading on AIM, and this is expected to occur on 24 February 2014.

ITM Power plc Graham Cooley, CEO	0114 244 5111
Zeus Capital Tim Metcalfe (Nominated Adviser) John Goold (Institutional Sales)	020 7533 7727
Tavistock Communications Simon Hudson / James Collins	020 7920 3150

About ITM Power plc

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  The Company has now made the transition from a research and development company to a product manufacturer and technology provider.  The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions.

 

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