PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
Powerhouse Energy Group plc 
                        ("Powerhouse" or the "Company") 
 
                             Change of Directorate 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising hydrogen production from waste plastic, is pleased to announce 
that, further to the announcement of 26 June 2020 and the completion of the 
acquisition of Waste2Tricity Limited, the appointment of Tim Yeo as a 
non-executive director of the Company commences with immediate effect. 
 
Mr Yeo has wide experience in government, serving in the Environment and Health 
Departments, and subsequently as Shadow Secretary of State for Trade and 
Industry in the Shadow Cabinet. He is currently the chairman of the New Nuclear 
Watch Institute, Honorary Ambassador of Foreign Investment Promotion for South 
Korea and since 2007 has been a non-executive director of Getlink SE, operator 
of the Channel Tunnel whose market capitalisation on the Paris Bourse exceeds GBP 
6 billion. 
 
On joining the Board of Powerhouse Tim Yeo said: 
 
"I am delighted to join the board as this exciting new era in Powerhouse's 
history begins. Our technology is capable of both producing affordable clean 
hydrogen and addressing the global problem of plastic waste. It will thereby 
deliver two important environmental benefits simultaneously." 
 
"I look forward to working with my new Powerhouse colleagues, and with our 
partners Peel Environmental, to bring this technology successfully to 
commercialisation." 
 
Cameron Davies, Chairman of PowerHouse, said: 
 
"On behalf of the Directors I would like to warmly welcome Tim to the Board at 
a transformational moment for Powerhouse Energy. Tim's background and 
experience is strongly aligned with our strategic vision and will undoubtedly 
be of real value as we see our DMG technology become a first of a kind 
commercial reality at Protos in Cheshire followed by its broad roll out across 
the UK and into potential waste plastic to energy markets internationally." 
 
Further regulatory disclosures: 
 
Other than as disclosed below, there are no further disclosures to be made in 
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules 
for Companies: 
 
Name: Timothy Stephen Kenneth Yeo 
 
Age: 75 
 
Tim Yeo is, or has during the last five years been, a director or partner of 
the following companies and partnerships: 
 
Current Directorships 
 
Getlink SE 
Anacol Holdings Limited 
Rivermill Partners Limited 
General Securities Register Limited 
New Silk Road Energy Limited 
 
Past Directorships within the last five years 
 
AFC Energy Plc 
Waste2Tricity Limited 
Education Link Trust 
TMO Renewables Limited 
TMO Bio Tech Limited 
Adeppt Limited 
Clean Energy Solutions Africa Limited 
Clean Energy Solutions Africa (Holdings) Limited 
 
Mr Yeo was a director of TMO Renewables Limited from 24 November 2010 until 8 
February 2017. The company entered administration on 19 December 2013, after 
which he took no part in its management. It entered creditors' voluntary 
liquidation on 8 December 2014. 
 
Mr Yeo was a director of ITI Energy Limited from 13 November 2006 until 2 April 
2013. The company entered into administration on 14 November 2013 and into 
creditors' voluntary liquidation on 29 October 2014. 
 
In 1976 Mr Yeo was a director of London Plastic Packaging Limited, a wholly 
owned subsidiary of The Talbex Group Limited, a fully listed public company of 
which he was a director from 1975 to 1978. A receiver was appointed over London 
Plastic Packaging's assets in 1976. 
 
Mr Yeo holds 9,155,179 Ordinary Shares in the Company which represents 0.26% of 
its issued share capital. Mr Yeo's wife, Diane Yeo, holds 62,716,780 Ordinary 
Shares which represents 1.78% of its issued share capital. 
 
For more information, contact: 
 
Powerhouse Energy Group plc                     Tel: +44 (0) 203 368 6399 
 
David Ryan, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)          Tel: +44 (0) 207 220 1666 
 
James Joyce / Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint Broker)      Tel: +44 (0) 203 657 0050 
 
Andrew Thacker / Zoe Alexander 
 
Ikon Associates (Media enquiries)               Tel: +44 (0) 1483 271291 
 
Adrian Shaw                                     Mob: +44 (0) 7979 900733 
 
About Powerhouse Energy Group plc 
 
Powerhouse has developed a proprietary process technology - DMG® - which can 
utilise waste, unrecycleable plastic, end-of-life-tyres, and other waste 
streams to efficiently and economically convert them into syngas from which 
valuable products such as hydrogen, chemical precursors, electricity and other 
industrial products may be derived. The Powerhouse technology is one of the 
world's first proven, modular, hydrogen from waste (HfW) process. 
 
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality 
H2, and more than 58MWh of exportable electricity per day. 
 
The Powerhouse process produces low levels of safe residues and requires a 
small operating footprint, making it suitable for deployment at enterprise and 
community level. 
 
Powerhouse is quoted on the London Stock Exchange's AIM Market under the 
ticker: PHE, and is incorporated in the United Kingdom. 
 
For more information see www.powerhouseenergy.net 
 
 
 
END 
 

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