Director/PDMR Shareholding
ITM Power plc 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. Mr. Bourne acquired 234 partnership shares and received 234 matching shares, totaling 468 shares at £0.64229 each, while Mr. Schulz purchased 233 partnership shares and received 233 matching shares, for a total of 466 shares at the same price. These transactions occurred on March 16, 2026, on the London Stock Exchange's AIM market.
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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 March 2026 are as follows:
| Name of PDMR | Number of Partnership Shares Purchased | Number of Matching Shares Awarded | Total |
| Simon Bourne | 234 | 234 | 468 |
| Dennis Schulz | 233 | 233 | 466 |
| 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) |
| £0.64229 | 468 | ||
| d) | Aggregated information | ||
| - Aggregated volume | 468 | ||
| - Price | £0.64229 per share | ||
| e) | Date of the transaction | 2026-03-16 | |
| 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) |
| £0.64229 | 466 | ||
| d) | Aggregated information | ||
| - Aggregated volume | 466 | ||
| - Price | £0.64229 per share | ||
| e) | Date of the transaction | 2026-03-16 | |
| 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.