24th Jan 2011 07:00
24 January 2011
ITM Power plc
("ITM Power" or "the Company")
Director's Purchase and Grant of Options
ITM Power (AIM: ITM), the energy storage and clean fuel company announces that Dr Graham Cooley, Chief Executive Officer of ITM acquired 9,231 Ordinary Shares in ITM at a price of 65p per share on 21 January 2011. Following this purchase, Dr. Cooley has an interest in 212,258 Ordinary Shares representing 0.19% of the Company's issued share capital. Separately, the Board announces the grant of options to directors as follows:
Option Grant 21 January 2011
EMI Options | Unapproved Options | |||||||
No. | Exercise price (pence) | Vesting | Exercise | No. | Exercise price (pence) | Vesting | Exercise | |
Roger Putnam | 100,000 | 66.75 | immediately | Up to 10 years from grant | ||||
Graham Cooley | 800,000 | 66.75 | immediately | Up to 10 years from grant | ||||
Simon Bourne | 123,595 | 66.75 | immediately | Up to 10 years from grant | 276,405 | 66.75 | immediately | Up to 10 years from grant |
Existing Options
EMI Options | Unapproved Options | |||||||
No. | Exercise price (pence) | Vesting | Exercise | No. | Exercise price (pence) | Vesting | Exercise | |
Roger Putnam | 50,000 | 20.5 | 23/11/2010 | 23/11/2019 | ||||
Graham Cooley | 640,000 | 18.75 | 1st/2nd/3rd anniversary | Up to 10 years from grant | 560,000 | 18.57 | 1st/2nd/3rd anniversary | Up to 10 years from grant |
Simon Bourne | 200,000 | 18.75 | 1st/2nd/3rd anniversary | Up to 10 years from grant | ||||
Total
EMI Options | Unapproved Options | Total | |
No. | No. | No. | |
Roger Putnam | 150,000 | 150,000 | |
Graham Cooley | 640,000 | 1,360,000 | 2,000,000 |
Simon Bourne | 323,595 | 276,405 | 600,000 |
The Directors currently have the following interests in ordinary shares in addition to the options set out above:
No. of Shares | % of issued share capital | |
Roger Putnam | 27,129 | 0.02% |
Graham Cooley | 212,258 | 0.19% |
Simon Bourne | 326,830 | 0.30% |
For further information please visit www.itm-power.com or contact:
ITM Power plc Graham Cooley, CEO | 0114 244 5111 |
Panmure Gordon & Co. Katherine Roe | 020 7459 3600
|
Tavistock Communications Simon Hudson / Andrew Dunn | 020 7920 3150 |
Related Shares:
Itm Power