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. Both executives acquired 92 partnership shares and received 92 matching shares, resulting in a total of 184 ordinary shares each, at a price of £1.6196 per share on May 15, 2026. This transaction reflects the company's policy of matching employee share purchases on a one-for-one basis, up to £150 per month.
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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 May 2026 are as follows:
| Name of PDMR | Number of Partnership Shares Purchased | Number of Matching Shares Awarded | Total |
| Simon Bourne | 92 | 92 | 184 |
| Dennis Schulz | 92 | 92 | 184 |
| 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) |
| £1.6196 | 184 | ||
| d) | Aggregated information | ||
| - Aggregated volume | 184 | ||
| - Price | £1.6196 per share | ||
| e) | Date of the transaction | 2026-05-15 | |
| 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) |
| £1.6196 | 184 | ||
| d) | Aggregated information | ||
| - Aggregated volume | 184 | ||
| - Price | £1.6196 per share | ||
| e) | Date of the transaction | 2026-05-15 | |
| 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.