22 October 2026
ITM Power plc
Director/PDMR Shareholding
ITM Power announces that it has been notified of the following share transactions by Dennis Schulz, CEO, who exercised options under the Company's Deferred Annual Bonus Plan ("DBP") and Long Term Incentive Plan ("LTIP"), increasing his total shareholding from 199,854 to 517,894 shares, net selling of shares to satisfy tax liabilities arising as a result of the exercise and retaining all shares not sold, as set out below:
|
PDMR |
Options exercised |
Weighted average exercise price (£) |
Options/ Shares sold to satisfy tax liabilities |
Weighted average sale price (£) |
Post exercise and sale total beneficial shareholding |
% ISC |
|
Dennis Schulz |
672,516 |
0.05 |
354,476 |
0.8587 |
517,894 |
0.075 |
The options were granted in 2024 under the ITM Power plc Deferred Annual Bonus Plan and in 2026 under the Company's Long Term Incentive Plan.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares sold.
Enquiries:
|
ITM Power plc |
+44 (0)114 244 5111 |
|
Huan Quayle (Company Secretary) |
|
|
Berenberg Ciaran Walsh, Harry Nicholas |
+44 (0)20 3207 7800 |
|
J.P. Morgan Cazenove Richard Perelman, Charles Oakes |
+44 (0)20 7742 4000 |
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.
|
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 |
Exercise of options and partial sale of the resultant shares |
|
c) |
Price(s) and volume(s) |
As set out in d) below |
|
d) |
Aggregated information |
|
|
Exercise of options |
||
|
- Aggregated volume |
672,516 |
|
|
- Weighted average price |
5p |
|
|
Sale of shares |
||
|
- Aggregated volume |
354,476 |
|
|
- Weighted average price |
85.87p per share |
|
|
e) |
Date of the transaction |
2026-10-20 and 2026-10-21 |
|
f) |
Place of the transaction |
London Stock Exchange - AIM |
-ends-