ITM Power Plc to garner £38.0m through strategic investment from Linde UK Holdings

  • ITM Power Plc (ITM) is going to raise at least £52.0 million amount before expenses, first through strategic investment of £38.0m at 40 pence per share by Linde UK Holdings.
  • The company is also vying for a conditional placing of £14.0 million at 40 pence per share with certain existing and new institutional investors.
  • The Group also intends to raise up to £6.8 million through an Open Offer of 17,053,126 New Ordinary Shares at 40 pence per share.
  • On 3rd October 2019, at the time of writing, GMT 08:09 AM, ITM shares were trading at GBX 44.80, up by 1.80 points or 4.19% against the previous day closing price.