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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Powerhouse Energy Group Plc | LSE:PHE | London | Ordinary Share | GB00B4WQVY43 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.025 | 1.00 | 1.05 | 1.025 | 1.025 | 1.025 | 5,149,639 | 07:30:32 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Scrap & Waste Materials-whsl | 380k | -46.2M | -0.0111 | -0.92 | 42.41M |
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PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Issue of Equity
On 17 January 2017 PowerHouse announced it had entered into a Cooperation
Agreement to appoint Waste2tricity plc (Waste2Tricity) as its exclusive Project
Development Consultant in the UK. In accordance with the terms of the
agreement, the Company has issued Waste2Tricity with 7,460,035 ordinary shares
of 0.5p each in the Company ("Ordinary Shares") in lieu of cash payment of GBP
70,000.00.
Application is being made for the admission of the 7,460,035 new Ordinary
Shares to trading on AIM and it is expected that this will occur on or around
27 June 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
963,608,856 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, Executive Chairman
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / James Bavister
Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 621 4120
Ben Turner / James Pope
Smaller Company Capital Limited (Joint Broker) Tel: +44 (0) 203 651 2910
Jeremy Woodgate
IFC Advisory (Financial PR & IR) Tel: +44 (0) 203 053 8671
Tim Metcalfe / Miles Nolan
About PowerHouse Energy
PowerHouse is the holding company of the G3-UHt Ultra High Temperature
Gasification Waste-to-Energy system, and the creator of Distributed Modular
Gasification© (DMG).
The Company is focused on technologies to enable 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, high-quality hydrogen, or
potentially reformed into liquid fuels for transportation. DMG© 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.
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
June 21, 2017 10:22 ET (14:22 GMT)
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