Aug 3, 2012 - UK energy storage and clean fuel firm ITM Power plc (LON:ITM) said Thursday it had awarded to its chief technology officer Simon Bourne more than 100,000 ordinary share options, exercisable at GBP 0.4988 (USD 0.78/EUR 0.63) apiece.
The options, granted under the provisions of ITM’s Enterprise Management Initiative, can be turned into stock before the end of July 2022.
At present Bourne owns over 326,800 shares in the company and options for more than 700,000.
In mid-July ITM Power said it had realised its first significant revenues in the financial year through April, with sales rising to GBP 480,000 from GBP 8,000 in the prior year. Net loss was GBP 6.2 million, or GBP 0.056 per share, compared with GBP 5.8 million in the previous year.