Director/PDMR Shareholding
ITM Power plc has announced that its Chief Technology Officer, Simon Bourne, and Chief Executive Officer, Dennis Schulz, have purchased ordinary shares under the company's Buy as You Earn Share Incentive Plan. Each executive acquired 227 partnership shares at £0.65989 per share, with the company matching these purchases on a one-for-one basis, resulting in a total of 454 shares for each PDMR. These transactions, which occurred on January 15, 2026, on the London Stock Exchange's AIM market, represent a direct investment by senior management in the company's stock.
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ITM Power announces purchases by and awards of shares to the Executive Directors (Persons Discharging Management Responsibilities or "PDMRs") under the Company's Buy as You Earn ("BAYE") Share Incentive Plan. Under the BAYE, employees can buy up to £150 of ordinary shares per month and ITM Power matches the purchase on a one-for-one basis. The purchases and awards for PDMRs for January 2026 are as follows:
| Name of PDMR | Number of Partnership Shares Purchased | Number of Matching Shares Awarded | Total |
| Simon Bourne | 227 | 227 | 454 |
| Dennis Schulz | 227 | 227 | 454 |
| a) | Name | ITM Power plc | |
| b) | LEI | 21380042MB2JKZ6RRP12 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 5p each | |
| Identification code | ISIN: 21380042MB2JKZ6RRP12 | ||
| b) | Nature of the transaction | Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.65989 | 454 | ||
| d) | Aggregated information | ||
| - Aggregated volume | 454 | ||
| - Price | £0.65989 per share | ||
| e) | Date of the transaction | 2026-01-15 | |
| f) | Place of the transaction | London Stock Exchange - AIM | |
| 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 | |
| a) | Name | ITM Power plc | |
| b) | LEI | 21380042MB2JKZ6RRP12 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 5p each | |
| Identification code | ISIN: GB00B0130H42 | ||
| b) | Nature of the transaction | Automatic monthly purchase under the ITM Power Share Incentive Plan and matching award on a 1:1 ratio | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.65989 | 454 | ||
| d) | Aggregated information | ||
| - Aggregated volume | 454 | ||
| - Price | £0.65989 per share | ||
| e) | Date of the transaction | 2026-01-15 | |
| f) | Place of the transaction | London Stock Exchange - AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.