Powerhouse Energy Group PLC Directorate Update (0854W)

TIDMPHE

RNS Number : 0854W

Powerhouse Energy Group PLC

08 December 2023

8 December 2023

Powerhouse Energy Group Plc

(the "Company" or "PHE")

Directorate Update

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to announce that that Ben Scott Brier has been appointed as Chief Financial Officer of the Company.

Ben is a qualified management accountant and has over 25 years of experience in managing financial and commercial operations while delivering on strategic leadership and guidance. He has a strong track record of enhancing operational efficiencies and providing cost saving solutions for high-profile companies, including work as Group Finance Director at Scotfield Group Ltd. He has extensive knowledge across Commercial, Industrial and Residential construction including project recovery within a joint venture for a sustainably focused plc. Ben was appointed as Acting Chief Financial Officer at the Company in August 2022.

Paul Emmitt, CEO of the Company, commented:

"I am extremely pleased that Ben has been appointed as full time Chief Financial Officer. He brings a wealth of experience in financial and commercial operations and has already made a substantial contribution to the Company's continued development and growth. His move onto the Executive team means that we now have a secure and stable board structure, that will allow us to make financial decisions quickly and efficiently in respect of projects and financing."

Ben, aged 53, is, or has during the last five years been, a director of the following companies:

Current Directorships

 
 Alwoodley Developments Ltd 
 WPD Group Ltd 
 WPD Services Ltd 
  WPD Developments Ltd 
 

Previous Directorships (held within the last five years)

 
 Scotfield Group Ltd 
 Yelcron Ltd 
 Pure Payroll Ltd 
 Camstead Ltd 
 

No further disclosure is required under Paragraph (g) to Schedule 2 of the AIM Rules for Companies.

For more information, contact:

 
 Powerhouse Energy Group plc 
  Paul Emmitt                              [phone] 
 WH Ireland Limited (Nominated Adviser) 
  James Joyce 
  James Bavister                           [phone] 
 Turner Pope Investments (TPI) Ltd 
  (Joint Broker) 
  Andrew Thacker 
  James Pope                               [phone] 
 Tavistock (Financial PR)                  [e-mail] 
  Simon Hudson 
  Nick Elwes 
  Saskia Sizen 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived.

Powerhouse Energy's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in England and Wales.

For more information see www.powerhouseenergy.co.uk

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December 08, 2023 02:00 ET (07:00 GMT)