Vesting of option awards
Summary by AI BETAClose X
28 October 2026
ITM Power plc
(the “Company”)
Long Term Incentive Plan – vesting of option awards
ITM Power announces the vesting of an aggregate of 431,157 historically awarded share options to the PDMRs below under the Company’s Long Term Incentive Plan (“LTIP”):
|
Name of Director/PDMR |
Number of vested options |
Exercise expiry |
|
Dennis Schulz, CEO |
298,494 |
25 October 2033 |
|
Simon Bourne, CTO |
132,663 |
25 October 2033 |
The terms of the LTIP were previously announced by the Company on 30 October 2023.
The vested options may be exercised at an option exercise price of £0.05 per ordinary share at any time prior to the exercise expiry date.
The notification is intended to satisfy the Company's obligations under Article 19 of the Market Abuse Regulations.
Enquiries:
|
ITM Power plc |
+44 (0)114 244 5111 |
|
Huan Quayle (Company Secretary) Justin Scarborough (Investor Relations) |
|
|
|
|
|
Berenberg |
+44 (0)20 3207 7800 |
|
Ciaran Walsh, Harry Nicholas |
|
|
|
|
|
J.P. Morgan Cazenove |
+44 (0)20 7742 4000 |
|
Richard Perelman, Charles Oakes |
|
|
1
|
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a) |
Name |
Dennis Schulz |
|
|
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 |
Vesting of awards under the 2020 Long Term Incentive Plan |
|
|
c)
|
Price(s) and volume(s) |
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
Nil |
298,494 |
|
|
d)
|
Aggregated information |
|
|
|
|
|
||
|
- Aggregated volume |
298,494 |
||
|
|
|
||
|
- Price |
NA |
||
|
|
|
||
|
e) |
Date of the transaction |
26 October 2026 |
|
|
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 |
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 |
Options over ordinary shares of 5p each |
|
|
|
|
||
|
Identification code |
ISIN: GB00B0130H42 |
||
|
|
|
||
|
b) |
Nature of the transaction |
Vesting of awards under the 2020 Long Term Incentive Plan |
|
|
c)
|
Price(s) and volume(s) |
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
Nil |
132,663 |
|
|
d)
|
Aggregated information |
|
|
|
|
|
||
|
- Aggregated volume |
132,663 |
||
|
|
|
||
|
- Price |
NA |
||
|
|
|
||
|
e) |
Date of the transaction |
26 October 2026 |
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
About ITM Power plc:
ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.
With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.
Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.
-ends-
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 days ago City of London Investment Group
- 2 days ago Aberdeen Group plc
- 2 days ago NATWEST GROUP
- 2 days ago Ondo Insurtech
- 2 days ago Banco Santander S.A.