Director/PDMR Shareholding
ITM Power plc announced that CEO Dennis Schulz exercised options under the Deferred Annual Bonus Plan and Long Term Incentive Plan, increasing his shareholding from 199,854 to 517,894 shares. He exercised 672,516 options at a weighted average price of £0.05 and sold 354,476 shares at a weighted average price of £0.8587 to cover tax liabilities, retaining all remaining shares.
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ITM Power announces that it has been notified of the following share transactions by Dennis Schulz, CEO, who exercised options under the Company's Deferred Annual Bonus Plan ("DBP") and Long Term Incentive Plan ("LTIP"), increasing his total shareholding from 199,854 to 517,894 shares, net selling of shares to satisfy tax liabilities arising as a result of the exercise and retaining all shares not sold, as set out below:
| PDMR | Options exercised | Weighted average exercise price (£) | Options/ Shares sold to satisfy tax liabilities | Weighted average sale price (£) | Post exercise and sale total beneficial shareholding | % ISC |
|---|---|---|---|---|---|---|
| Dennis Schulz | 672,516 | 0.05 | 354,476 | 0.8587 | 517,894 | 0.075 |
The options were granted in 2024 under the ITM Power plc Deferred Annual Bonus Plan and in 2026 under the Company's Long Term Incentive Plan.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares sold.
| 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 | 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) | As set out in d) below |
| d) | Aggregated information | |
| Exercise of options | ||
| - Aggregated volume | 672,516 | |
| - Weighted average price | 5p | |
| Sale of shares | ||
| - Aggregated volume | 354,476 | |
| - Weighted average price | 85.87p per share | |
| e) | Date of the transaction | 2026-10-20 and 2026-10-21 |
| 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.