Business
Grant of Options
Grant of Options.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 4053O ITM Power PLC 06 August 2014 \n \n\n6 August 2014\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \nGrant of Share Options\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, announces the grant of the following share options:\n \nGrant of Options\n\n\n\n\n\n\n\nEMI Options\n\n\nUnapproved Options\n\n\n\n\n\n\n\nNo.\n\n\nExercise price (pence)\n\n\nVesting\n\n\nExercise\n\n\nNo.\n\n\nExercise price (pence)\n\n\nVesting\n\n\nExercise\n\n\n\n\nGraham Cooley\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n750,000\n\n\n26.50\n\n\nImmediately\n\n\nUp to 10 years from grant\n\n\n\n\nSimon Bourne\n\n\n250,000\n\n\n26.50\n\n\nImmediately\n\n\nUp to 10 years from grant\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nExisting Options\n\n\n\n\n\n\n\nEMI Options\n\n\nUnapproved Options\n\n\n\n\n\n\n\nNo.\n\n\nExercise price (pence)\n\n\nVesting\n\n\nExercise\n\n\nNo.\n\n\nExercise price (pence)\n\n\nVesting\n\n\nExercise\n\n\n\n\nGraham Cooley\n\n\n890,000\n\n\n27.53\n\n\n1st/2nd/3rd anniversary\n\n\nUp to 10 years from grant\n\n\n1,360,000\n\n\n46.91\n\n\nImmediately\n\n\nUp to 10 years from grant\n\n\n\n\nSimon Bourne\n\n\n423,596\n\n\n40.10\n\n\n1st/2nd/3rd anniversary\n\n\nUp to 10 years from grant\n\n\n276,404\n\n\n66.75\n\n\nImmediately\n\n\nUp to 10 years from grant\n\n\n\n\n \nTotal\n\n\n\n\n\n\n\nEMI Options\n\n\nUnapproved Options\n\n\nTotal\n\n\n\n\n\n\n\nNo.\n\n\nNo.\n\n\nNo.\n\n\n\n\nGraham Cooley\n\n\n890,000\n\n\n2,110,000\n\n\n3,000,000\n\n\n\n\nSimon Bourne\n\n\n673,596\n\n\n276,404\n\n\n950,000\n\n\n\n\n \nGraham Cooley and Simon Bourne currently have the following interests in ordinary shares in addition to the options set out above:\n\n\n\n\n\n\n\nNo. of Shares\n\n\n% of issued share capital\n\n\n\n\nGraham Cooley\n\n\n377,923\n\n\n0.23%\n\n\n\n\nSimon Bourne\n\n\n326,830\n\n\n0.20%\n\n\n\n\n \nFor further information please visit www.itm-power.com or contact:\n \n\n\n\n\nITM Power plc\nGraham Cooley, CEO\n \n\n\n0114 244 5111\n\n\n\n\nZeus Capital\nTim Metcalfe (Nominated Adviser)\nJohn Goold (Institutional Sales)\n \n\n\n020 7533 7727\n\n\n\n\nTavistock Communications\nSimon Hudson / James Collins\n\n\n020 7920 3150\n\n\n\n\n \nAbout ITM Power\nThe principal activity of ITM Power is the design, manufacture and sale of hydrogen energy sy...