Powerhouse Energy Group PLC Director's Dealing (4102W)

TIDMPHE

RNS Number : 4102W

Powerhouse Energy Group PLC

12 December 2023

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

12 December 2023

Director's Dealing

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that Ben Brier, Chief Financial Officer of the Company, acquired 3,748,275 ordinary shares of 0.5p each in the Company ("Ordinary Shares") on 8 December 2023 and 2,784,732 Ordinary Shares on 11 December 2023.

Further to this transaction, Mr Brier is beneficially interested in 6,533,007 Ordinary Shares, which represents 0.16% of the Company's issued ordinary share capital.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Ben Brier 
     ------------------------------------------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------ 
 a)   Position/status                                               Director 
     ------------------------------------------------------------  ---------------------------------------- 
 b)   Initial notification/ Amendment                               Initial notification 
     ------------------------------------------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ------------------------------------------------------------------------------------------------------ 
 a)   Name                                                          Powerhouse Energy Group plc 
     ------------------------------------------------------------  ---------------------------------------- 
 b)   LEI                                                           213800MY7XIYS2BSC163 
     ------------------------------------------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     ------------------------------------------------------------------------------------------------------ 
 a)   Description of the financial instrument, type of instrument   Ordinary Shares of 0.5p each 
 
       Identification code 
 
                                                                     GB00B4WQVY43 
     ------------------------------------------------------------  ---------------------------------------- 
 b)   Nature of the transaction                                     Share purchase 
     ------------------------------------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                      0.29p      3,748,275 
                                                                       0.33p      2,784,732 
                                                                                ----------- 
     ------------------------------------------------------------  ---------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                                  6,533,007 O rdinary Shares 
                                                                                 GBP19,999.95 
 
         *    Price 
     ------------------------------------------------------------  ---------------------------------------- 
 e)   Date of the transaction                                       8 December and 11 December 2023 
     ------------------------------------------------------------  ---------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange 
     ------------------------------------------------------------  ---------------------------------------- 
 

-ENDS-

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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END

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December 12, 2023 02:00 ET (07:00 GMT)