Powerhouse Enrgy Grp Issue of Equity

 
TIDMPHE 
 
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 used tyres, announces that the 
Company is issuing 12,504,924 ordinary shares of 0.5p each in the Company 
("Ordinary Shares") to service providers for the settlement of fees. 11,707,317 
of these Ordinary Shares are being issued at 0.5125p and 797,607 Ordinary 
Shares are being issued at 0.5015p in accordance with the terms of the relevant 
service agreements. 
 
Application has been made for the admission of 12,504,924 Ordinary Shares to 
trading on AIM and it is expected that this will occur on or around 14 August 
2018. These shares will rank pari passu in all respects with the Company's 
existing issued Ordinary Shares. 
 
Subsequent to the issue of Ordinary Shares, the Company will have 1,681,764,954 
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, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)                       Tel: +44 (0) 207 
220 1666 
James Joyce / Chris Viggor 
 
Turner Pope Investments Ltd (Joint Broker)                 Tel: [phone] 
4120 
Ben Turner / James Pope 
 
Ikon Associates(Media enquiries)                              Tel:    +44 (0) 
1483 271291 
Adrian Shaw 
    Mob: [phone] 
 
 
About PowerHouse Energy 
 
PowerHouse Energy Group plc is the developer of DMG©, the distributed, modular, 
thermal conversion system which allows for the distributed eradication of 
waste, the generation of distributed electricity, and the production of 
distributed hydrogen with the world's first small, modular, hydrogen from waste 
process (HfW). 
 
The Company is focused on technologies to enable efficient 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 for power generation, or the production of 
high-quality hydrogen as a fuel for transport. DMG© allows for easy, 
economical, deployment and scaling of an environmentally sound solution to the 
growing challenges of waste eradication, landfill diversion, electrical demand, 
and distributed hydrogen production. 
 
The PowerHouse DMG© process can generate in excess of 1 tonne of road-fuel 
quality H2, and in excess of 28MW/h of exportable electricity per day. 
 
The PHE process produces very low levels of safe residues and requires a small 
operating footprint, making it suitable for deployment at enterprise and 
community levels. 
 
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

August 08, 2018 06:10 ET (10:10 GMT)