Business
Block Listing Application
Block Listing Application.
About this update from Itm Power Plc
[{"type":"text","content":"\n\n27 August 2024\n \nITM Power PLC\n \n(the \"Company\")\n \nBlock Listing Application\n \nITM Power (AIM: ITM), announces that a block listing application (the \"Block Admission\") has been made to the London Stock Exchange for up to 3,350,797 ordinary shares of £0.05 each (the \"Block Listing Shares\") to be admitted to trading on AIM (\"Admission\").\n \nThe ordinary shares that are being reserved under this block listing application will be issued by the Company, as required, in order to satisfy the exercise of share options and vested awards pursuant to the terms of the following share plans (each a \"Scheme\"):\n \n\n\n\n\nScheme\n\n\nNo. of ordinary shares under block listing application\n\n\n\n\n2020 ITM Power PLC Long Term Incentive Plan\n\n\n2,850,797\n\n\n\n\n2023 Deferred Bonus Plan\n\n\n500,000\n\n\n\n\n \nThe Block Listing Shares will, upon issue, rank equally with all other ordinary shares of £0.05 each in the capital of the Company that are then in issue. The Block Listing Admission is expected to become effective on 30 August 2024.\n \nFor further information please visit www.itm-power.com or contact:\n \n\n\n\n\nITM Power PLC\n\n\n+44 (0)114 244 5111\n\n\n\n\nJustin Scarborough, Head of Investor Relations\nHuan Quayle, General Counsel & Company Secretary\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAbout ITM Power PLC:\nITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London\nStock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures\nelectrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.\n \n \n-ends-\n\n","length":5407,"tagName":"div"}]