PowerHouse Energy
Group plc
(“PowerHouse” or the “Company”)
Issue of
Equity
The Company announces the issue of 13,263,158 ordinary shares of
0.5p each in the Company ("Ordinary Shares") to service providers
for settlement of fees, of which 8,000,000 are being issued at 1p
per Ordinary Share and 5,263,158 are being issued at 0.76p per
Ordinary Share in accordance with the terms of the relevant service
agreements.
Application is being made for the admission of 13,263,158 new
Ordinary Shares to trading on AIM and it is expected that this will
occur on or around 6 September 2017.
These shares will rank pari passu in all respects with
the Company's existing issued Ordinary Shares.
Subsequent to the issue of the New Ordinary Shares, the Company
will have 1,136,872,014 Ordinary Shares in issue.
PowerHouse has no shares in Treasury, therefore this figure may
be used by Shareholders, from Admission, as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
For more information, contact:
PowerHouse Energy Group plc
| Keith Allaun, Executive
Chairman |
Tel: +44 (0) 203 368 6399 |
|
|
| WH Ireland Limited (Nominated
Adviser) |
|
| James Joyce / James
Bavister |
Tel: +44 (0) 207 220 1666 |
|
|
| Turner Pope Investments Ltd (Joint
Broker) |
|
| Ben Turner / James Pope |
Tel: +44 (0) 203 621 4120 |
|
|
| Smaller Company Capital Limited
(Joint Broker) |
|
| Jeremy
Woodgate |
Tel: +44 (0) 203 651 2910 |
|
|
| Allerton Communications (Media
Relations) |
|
| Peter Curtain |
Tel: +44 (0) 203 137 2500 |
|
peter.curtain@allertoncomms.co.uk |
|
About PowerHouse Energy
PowerHouse Energy Group plc is the developer of the G3-UHt Ultra
High Temperature Gasification Waste-to-Energy unit, and the creator
of Distributed Modular Gasification© which allows for
the elimination of waste, the generation of distributed
electricity, and the production of distributed hydrogen.
The Company is focused on technologies to enable projects for
energy recovery from municipal and industrial waste streams that
would otherwise be directed to landfills and incinerators; or from
renewable and alternative fuels such as biomass, tyres, and
plastics to create syngas for power generation, or high-quality
hydrogen for transportation.
Distributed Modular Gasification© allows for easy,
economical, deployment and scaling of an environmentally sound
solution to the growing challenges of waste elimination,
electricity demand, and distributed hydrogen production.
Distributed Modular Gasification and DMG are copyrights of
PowerHouse Energy Group plc.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the United
Kingdom.
For more information see www.powerhouseenenergy.net. PowerHouse
may also be followed on Vox Markets at
www.voxmarkets.co.uk/company/PHE.