23rd Apr 2008 14:24
23 April 2008 ITM Power Plc ("the Company") Directors' Shareholding
The Company has been notified that Peter Hargreaves, non-executive Chairman, today purchased 1,840,000 ordinary shares representing 1.80% of the total issued share capital, from Dr Jonathan Lloyd (who has sold same amount), Engineering Director, at 54.375 pence per share.
Following these transactions, the Directors' resultant beneficial holdings are as follows:
Peter Hargreaves - 8,775,310 ordinary shares, representing 8.59%
Dr Jonathan Lloyd - 10,642,228 ordinary shares, representing 10.42%
For further information please contact:
ITM Power plc 01799 542 222Jim Heathcote, Chief Executive Officer
Notes to the Editors:
ITM Power is a developer of low-cost hydrogen technologies. The Company has developed new materials and processes that dramatically reduce the cost of fuel cells and electrolysers. The patented membrane materials used in the devices have higher performance and are 1% of the cost of the industry standard materials.
Electrolysers work by converting water and electricity into hydrogen and oxygen. The hydrogen produced can be used as a replacement for fossil fuels and facilitate zero carbon domestic housing and pollution free motoring.
ITM Power was founded in 2000 and floated on the London Stock Exchange's Alternative Investment Market in June 2004.
vendorRelated Shares:
Itm Power