ITM Itm Power Plc

TIDMITM

RNS Number : 4397Z

ITM Power PLC

15 September 2022

15 September 2022

ITM Power PLC

(the "Company")

Block Listing Application

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that a block listing application (the "Block Admission") has been made to the London Stock Exchange for up to 1,835,000 ordinary shares of GBP0.05 each (the "Block Listing Shares") to be admitted to trading on AIM ("Admission").

The ordinary shares that are being reserved under this block listing application will be issued by the Company, as required, in order to satisfy the exercise of share options and vested awards pursuant to the terms of the following share plans (each a "Scheme"):

 
 Scheme                                    No. of ordinary shares under block 
                                            listing application 
 2020 ITM Power PLC Long Term Incentive 
  Plan                                                              1,783,000 
                                          ----------------------------------- 
 2020 ITM Power PLC Long Term Incentive 
  Plan for Non-Employees                                               52,000 
                                          ----------------------------------- 
 

The Block Listing Shares will, upon issue, rank equally with all other ordinary shares of GBP0.05 each in the capital of the Company that are then in issue. The Block Listing Admission is expected to become effective on 20 September 2022.

For further information please visit www.itm-power.com or contact:

 
ITM Power PLC 
 Helen Baker, Company Secretary 
 James Collins / Justin Scarborough, 
 Investor Relations                         +44 (0)114 244 5111 
Investec Bank plc (Nominated Adviser 
 and Broker) 
 Jeremy Ellis / Chris Sim / Ben Griffiths   +44 (0)20 7597 5970 
Tavistock (Financial PR and IR) 
 Simon Hudson / Tim Pearson / Charles 
 Baister                                    +44 (0)20 7920 3150 
 

About ITM Power PLC

ITM Power manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004.

ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity planned to reach 1.5 GW (1,500 MW) per annum and has an ambition to grow capacity in line with demand to 5 GW per annum, supported by a GBP250m equity raise in Q4 2021. Partners include Linde, Shell, Snam, and Vitol among others.

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