ITM Power PLC Deferral of Trading Update (1716I)
01 Diciembre 2022 - 1:01AM
UK Regulatory
TIDMITM
RNS Number : 1716I
ITM Power PLC
01 December 2022
1 December 2022
ITM Power plc
("ITM Power" or the "Company")
Deferral of Trading Update
In order to provide Dennis Schulz, the newly appointed Chief
Executive Officer, with sufficient time to properly assess the
Company's operations and identify his near-term priorities, the
Company has elected to defer its planned trading update, originally
scheduled for 8 December 2022. The Company expects to provide an
initial strategic and operational update at the time of the half
year results to be announced by the end of January 2023.
For further information please visit www.itm-power.com or
contact:
ITM Power plc
James Collins, Investor Relations +44 (0)114 551 1205
Justin Scarborough, Investor Relations +44 (0)114 551 1080
Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Daniel Adams / Chris Sim / Ben
Griffiths
Tavistock (Financial PR and IR) +44 (0)20 7920 3150
Simon Hudson / Tim Pearson / Charlie
Baister
About ITM Power plc:
ITM Power was founded in 2001 and ITM Power plc was admitted to
the AIM market of the London Stock Exchange in 2004. Headquartered
in Sheffield, England, ITM Power designs and manufactures
electrolysers based on proton exchange membrane (PEM) technology to
produce green hydrogen, the only net zero gas, using renewable
electricity and water.
Linde, the leading industrial gases and engineering company
acquired a minority stake in ITM in 2019 and currently holds 16.2%
of the company. At the same time, Linde and ITM Power formed a
joint venture, ITM Linde Electrolysis (ILE), bringing together ITM
Power's expertise in PEM electrolysis and Linde's world class
engineering, procurement and construction (EPC) expertise to
deliver turnkey solutions to customers.
In March 2022, ITM Power's subsidiary, Motive Fuels, which
builds, owns and operates green hydrogen refuelling stations,
formed a joint venture with Vitol Holdings SARL, creating a
partnership which will help facilitate the scaling up of
production, distribution and demand stimulation for Hydrogen to
Transportation.
-ends-
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END
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