2nd Mar 2015 10:32
LONDON (Alliance News) - ITM Power PLC on Monday said it remains in talks with a potential strategic investor.
In January, the company said it was in advanced talks with an unnamed potential strategic investor over the acquisition of a material equity stake in the company.
ITM made the disclosure as it issued a profit warning for its financial year to the end of March, saying it expects its full-year results to be "substantially lower" than market expectations.
ITM Power shares were up 3.6% to 28.5 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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