Powerhouse Enrgy Grp Director/PDMR Shareholding and Issue of Equity

 
TIDMPHE 
 
17 October 2018 
 
                          PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                Director/PDMR Shareholding and Issue of Equity 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic and used tyres, announces that Keith 
Allaun, CEO of the Company, has exercised 16,666,667 Share Options at an 
exercise price of 0.6p, for a cash consideration of GBP100,000.00 ("Option 
Shares"). 
 
Application will be made for the admission of 16,666,667 Shares to trading on 
AIM and it is expected that this will occur on or around 26 October 2018. These 
shares will rank pari passu in all respects with the Company's existing issued 
Ordinary Shares. 
 
Following the acquisition of the Option Shares, Keith Allaun will hold 
18,666,667 Ordinary Shares in the Company, which represents 1.09% of the 
Company's enlarged issued ordinary share capital and voting rights. Mr. Allaun 
has made a written commitment to hold the newly issued shares for a minimum of 
18 months. 
 
Subsequent to the issue of Option Shares, the Company will have 1,716,431,621 
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, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)                                     Tel: 
[phone] 
James Joyce / Chris Viggor 
 
Turner Pope Investments Ltd (Joint Broker)                                 Tel: 
[phone] 
Ben Turner / James Pope 
 
Ikon Associates(Media enquiries) 
Tel: [phone] 
Adrian Shaw 
                               Mob: [phone] 
 
About PowerHouse Energy 
PowerHouse Energy has developed a proprietary process technology - DMG® - which 
can utilise waste plastic, end-of-life-tyres, and other waste streams to 
efficiently and economically convert them into EcoSynthesis gas from which 
valuable products such as chemical precursors, hydrogen, electricity and other 
industrial products may be derived. The PowerHouse technology is one of the 
world's first proven, modular, hydrogen from waste (HfW) processes. 
 
The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel 
quality H2, and more than 28MW/h 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 
 

(END) Dow Jones Newswires

October 17, 2018 09:36 ET (13:36 GMT)