Powerhouse Enrgy Grp Issue of Equity
August 08 2018 - 6:10AM
UK Regulatory
TIDMPHE
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Issue of equity
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering
hydrogen production from waste plastic and used tyres, announces that the
Company is issuing 12,504,924 ordinary shares of 0.5p each in the Company
("Ordinary Shares") to service providers for the settlement of fees. 11,707,317
of these Ordinary Shares are being issued at 0.5125p and 797,607 Ordinary
Shares are being issued at 0.5015p in accordance with the terms of the relevant
service agreements.
Application has been made for the admission of 12,504,924 Ordinary Shares to
trading on AIM and it is expected that this will occur on or around 14 August
2018. These shares will rank pari passu in all respects with the Company's
existing issued Ordinary Shares.
Subsequent to the issue of Ordinary Shares, the Company will have 1,681,764,954
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 Tel: +44 (0)
203 368 6399
Keith Allaun, Chief Executive Officer
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207
220 1666
James Joyce / Chris Viggor
Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 621
4120
Ben Turner / James Pope
Ikon Associates(Media enquiries) Tel: +44 (0)
1483 271291
Adrian Shaw
Mob: +44 (0) 7979 900733
About PowerHouse Energy
PowerHouse Energy Group plc is the developer of DMG©, the distributed, modular,
thermal conversion system which allows for the distributed eradication of
waste, the generation of distributed electricity, and the production of
distributed hydrogen with the world's first small, modular, hydrogen from waste
process (HfW).
The Company is focused on technologies to enable efficient 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 for power generation, or the production of
high-quality hydrogen as a fuel for transport. DMG© allows for easy,
economical, deployment and scaling of an environmentally sound solution to the
growing challenges of waste eradication, landfill diversion, electrical demand,
and distributed hydrogen production.
The PowerHouse DMG© process can generate in excess of 1 tonne of road-fuel
quality H2, and in excess of 28MW/h of exportable electricity per day.
The PHE process produces very low levels of safe residues and requires a small
operating footprint, making it suitable for deployment at enterprise and
community levels.
PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is
incorporated in the United Kingdom.
For more information see www.powerhouseenergy.net
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