1 February 2010
ITM Power Plc
("ITM" or "the Company")
Director's Purchase and Grant of Options
Dr Graham Cooley, Chief Executive Officer of ITM, the energy storage and clean fuel company, acquired, on 1 February 2010, 104,156 Ordinary Shares in ITM at a price of 19.65p per share. Following this purchase, Dr. Cooley has an interest in 104,156 Ordinary Shares, representing 0.1% of the Company's issued share capital in addition to the options set out below.
Separately, the Board of ITM is pleased to announce the grant of options to executive directors as follows:
Option Grant 1 February 2010
|
EMI Options |
Unapproved Options |
|||||||
|
No. |
Exercise Price (pence) |
Vesting |
Exercise |
No. |
Exercise Price (pence) |
Vesting |
Exercise |
|
|
Cooley, Graham |
640,000 |
18.75 |
1st/2nd/3rd anniversary |
up to 10 years from grant |
360,000 |
18.75 |
1st/2nd/3rd anniversary |
up to 10 years from grant |
|
Bourne, Simon |
200,000 |
18.75 |
1st/2nd/3rd anniversary |
up to 10 years from grant |
- |
- |
- |
- |
Existing Options
|
EMI Options |
Unapproved Options |
|||||||
|
No. |
Exercise Price (pence) |
Vesting |
Exercise |
No. |
Exercise Price (pence) |
Vesting |
Exercise |
|
|
Cooley, Graham |
- |
- |
- |
- |
200,000 |
18.25 |
1st/2nd/3rd anniversary |
up to 10 years from grant |
|
Bourne, Simon |
334,250 |
5.7 |
1st/2nd/3rd anniversary |
up to 10 years from grant |
- |
- |
- |
- |
TOTAL
|
EMI Options |
Unapproved Options |
TOTAL |
|
|
No. |
No. |
No. |
|
|
Cooley, Graham |
640,000 |
560,000 |
1,200,000 |
|
Bourne, Simon |
534,250 |
- |
534,250 |
Dr. Simon Bourne currently has an interest in 23,451 ordinary shares, in addition to the options set out above, representing 0.02% of the issued share capital.
For further information please visit www.itm-power.com or contact:
|
ITM Power Plc Graham Cooley, CEO |
0114 244 5111 |
|
|
Panmure Gordon & Co. Andrew Godber |
020 7459 3600 |
|
|
Tavistock Communications Simon Hudson / Andrew Dunn |
020 7920 3150 |
|
This information is provided by RNS