Director/PDMR Shareholding
ITM Power plc has announced that Dr. Simon Bourne, the Chief Technology Officer, exercised options on 1,326,417 shares at a weighted average exercise price of £0.32 and subsequently sold 872,738 shares at a weighted average sale price of £1.5744. These transactions were primarily to satisfy tax liabilities arising from the option exercise. Following these transactions, Dr. Bourne retains 453,679 options and a total beneficial shareholding of 656,570 shares, representing 0.095% of the issued share capital.
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ITM Power announces that it has received notification of the following share transactions by Persons Discharging Management Responsibilities ("PDMRs").
Dr Simon Bourne, CTO, has exercised options granted in 2018 and 2019 under the ITM Power plc Share Option Plan 2010 and sold certain shares principally to satisfy tax liabilities arising as a result of the exercise, as set out below:
| PDMR | Options exercised | Weighted average exercise price (£) | Options/ Shares sold | Weighted average sale price (£) | Options remaining after exercise | Current total beneficial shareholding | % ISC |
|---|---|---|---|---|---|---|---|
| Simon Bourne | 1,326,417 | 0.32 | 872,738 | 1.5744 | 453,679 | 656,570 | 0.095 |
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares sold.
| a) | Name | Simon Bourne | ||
| 2. | Reason for the notification | |||
| a) | Position/status | Chief Technology Officer | ||
| b) | Initial notification /Amendment | Initial Notification | ||
| a) | Name | ITM Power plc | ||
| b) | LEI | 21380042MB2JKZ6RRP12 | ||
| a) | Description of the financial instrument, type of instrument | Options over ordinary shares of 5p each | ||
| Identification code | ISIN: GB00B0130H42 | |||
| b) | Nature of the transaction | Exercise of options and partial sale of the resultant shares | ||
| c) | Price(s) and volume(s) | Exercise price | Sale price | Volume(s) |
| 30p | 161.176p | 163,524 | ||
| 30p | 156.416p | 596,653 | ||
| 48p | 161.176p | 24,214 | ||
| 48p | 156.416p | 88,347 | ||
| d) | Aggregated information | |||
| - Aggregated volume | 872,738 | |||
| - Weighted average price | 157.44p per share | |||
| e) | Date of the transaction | 2026-04-24 and 2026-04-27 | ||
| 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.