Powerhouse Enrgy Grp Issue of Equity

 
TIDMPHE 
 
PowerHouse Energy Group plc 
 
 
                        ("PowerHouse" or the "Company") 
 
                                Issue of Equity 
 
Further to the announcement on 19 January 2017, PowerHouse is pleased to 
announce that it has received GBP250,000 pursuant to the agreement with Yady 
Worldwide S.A. ("Yady"), and accordingly will issue Yady with 35,714,285 
ordinary shares of 0.5p each in the Company ("Ordinary Shares"). 
 
Application is being made for the admission of the 35,714,285 new Ordinary 
Shares to trading on AIM and it is expected that this will occur on or around 3 
February 2017.  These shares will rank pari passu in all respects with the 
Company's existing issued Ordinary Shares. 
 
Subsequent to the issuance of the New Ordinary Shares, the Company will have 
643,648,821 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: [phone] 
Keith Allaun, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)               Tel: [phone] 
James Joyce / James Bavister 
 
Vicarage Capital Limited (Broker)                    Tel: [phone] 
Jeremy Woodgate 
 
IFC Advisory (Financial PR & IR)                     Tel: [phone] 
Tim Metcalfe / Graham Herring / Heather Armstrong / 
Miles Nolan 
 
 
About PowerHouse 
 
PowerHouse is the holding company of the G3-UHt System Ultra High Temperature 
Gasification waste to energy systems. 
 
The Company is focussed on technologies to enable energy recovery from 
municipal 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, high-quality hydrogen, or 
potentially reformed into liquid fuels for transportation. These waste to 
energy systems aim to provide the "best solution" to the on-site energy market. 
 
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 
 
 
 
END 
 

(END) Dow Jones Newswires

January 30, 2017 02:00 ET (07:00 GMT)