Powerhouse Enrgy Grp Issue of Equity

 
TIDMPHE 
 
18 May 2018 
 
                          PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                                Issue of Equity 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic and end-of-life tyres, announces the 
issue of 17,894,737 ordinary shares of 0.5p each in the Company ("Ordinary 
Shares") to service providers for the settlement of fees. 
 
Of the 17,894,737 Ordinary Shares, 7,894,737 are being issued at 0.76p per 
Ordinary Share and 10,000,000 are being issued at 0.5p per Ordinary Shares in 
accordance with the terms of the relevant service agreements. 
 
Application is being made for the admission of 17,894,737 new Ordinary Shares 
to trading on AIM and it is expected that this will occur on or around 23 May 
2018.  These shares will rank pari passu in all respects with the Company's 
existing issued Ordinary Shares. 
 
Subsequent to the issue of the New Ordinary Shares, the Company will have 
1,550,453,026 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 (Broker)           Tel: [phone] 
Andy Thacker 
 
 
About PowerHouse Energy 
 
PowerHouse Energy has developed proprietary process technology called DMG® 
which takes plastic and rubber waste streams and converts them into cost 
efficient energy in the form of electricity and ultra clean hydrogen gas fuel 
for use in cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles) and 
other industrial uses. The PowerHouse technology is the world's first proven 
hydrogen from waste (HfW) process. 
 
The PowerHouse process converts 25 tonne of plastic or rubber waste into 1 
tonne H2 per day and 28 MWh per day of electricity. 
 
The PHE 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. The Company is 
incorporated in the United Kingdom. 
 
For more information see www.powerhouseenergy.net. 
 
 
 
END 
 

(END) Dow Jones Newswires

May 18, 2018 02:00 ET (06:00 GMT)