Powerhouse Energy Share Discussion Threads

[coldspring] 14/1/2021 07:18

The old word trotted out "over subscribed" Well price it higher then? Shocking discount.

[bittorrent] 14/1/2021 07:10

Ouch. Sub 6p today?

[skinny] 14/1/2021 07:03

.




Strategic Placing to raise £10 million

Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the "Company"), the
sustainable hydrogen company pioneering hydrogen production from waste plastic,
is pleased to announce it has raised ��10 million, before
expenses, by way of a Placing at 5.5p per share ("Issue Price") (the "Placing"
or "Fundraising"). The Placing was arranged by Turner Pope Investments Ltd
(TPI) and was oversubscribed.

The Directors have undertaken the Fundraising to provide funds that they
believe will expedite signifcantly financial close of the funding of the first
commercial scale DMG installation utilising the Company's technology, which is
targetted to be reached during the first quarter of 2021. The Directors' view
is that completion of this first reference site will be extremely commercially
and strategically important to the Company, not least as a springboard for
overseas sales and marketing.

A total of 181,818,182 new Ordinary Shares of 0.5p in the capital of the
Company ("Ordinary Shares") have been placed at the Issue Price ("Placing
Shares") with an institutional investor and a small number of Turner Pope's
private clients, as well as the White Family (the Company's largest
shareholder), raising £10 million, before expenses.

Related Party Transaction


The White Family is a long-term supporter of the Company and is investing
approximately £2.6 million in the Fundraising. The participation by the White
Family is considered a related party transaction under the AIM rules as the
White Family (constituting Howard White, Ben White, Josh White and Serena Eden
Reyes-White) currently holds 26.05% percent of the share capital. Following the
Fundraising, the White Family will hold 1,015,045,935 Ordinary Shares
representing 26.05% held by the individual White Family members as follows:

Josh White - 377,746,610 Ordinary Shares

Ben White - 247,775,210 Ordinary Shares

Serena White-Reyes - 211,459,086 Ordinary Shares

Howard White - 178,065,029 Ordinary Shares

The Directors of the Company, having consulted with WH Ireland, the Company's
Nominated Adviser, consider the terms of this transaction to be fair and
reasonable insofar as shareholders are concerned.

Use of funds

The Company will use the net funds from the Fundraising to advance the project
procurement and delivery of long lead items before the formal financial close
of the first commercial scale DMG installation , thereby protecting the
targeted timeline for the Company, and advancing the completion of the
Company's DMG technology. This will allow the Company to complete negotiations
rapidly for the Special Project Vehicle ("SPV") to be established to deliver
the Protos plant. Powerhouse will apply the net funds from the Fundraising to
invest alongside Peel NRE Environmental Limited. By providing investment for
this SPV, the Company believes that financial close will be significantly
expedited.

This investment in the Protos SPV will give the Company access to extra revenue
via participation at project level on the first commercial deployment, rather
than simply as licensor of the DMG technology, and will allow Powerhouse to
significantly advance its overall business plan. Importantly, commissioning the
first commercial unit will provide a reference site for potential overseas
customers and partners. It will also provide the Company with greater
beneficial technical exposure in the project delivery phase.

The Directors consider that these steps are beneficial for the Company's future
and are likely to bring forward the date on which licence fee income, which is
expected to constitute the principal portion of the Company's future revenue,
will start to be received.

Commenting, Tim Yeo, Executive Chairman of Powerhouse, said:

"This is a very exciting step forward and a great start to 2021. It
demonstrates how our Company is getting down to business. In addition the
Warrant granted to Peel Holdings (IoM) Limited on 9 September 2020 ("Peel
Warrant") is exercisable for a period of six months from the date when
financial close is reached on Protos.

"The exercise of the Peel Warrant would bring a further £10.2 million of cash
into Powerhouse. Together with the proceeds of this Fundraising, the exercise
of the Peel Warrant would place our Company on a very secure financial footing
and facilitate the deployment of our technology internationally, helping to
accelerate a clean energy transition and provide a solution to non-recylable
plastic."

David Ryan, CEO of Powerhouse, said:

"My overriding priority is to bring Powerhouse's first project to operation
soonest. The completed plant would enable future customers worldwide to see the
DMG technology delivering the reality of waste plastic regenerated to hydrogen,
realising the predicted technology environmental and commercial benefits. This
investment will allow Powerhouse and Peel to deliver this reality sooner and I
consider it as an obvious step for the Company to make in these challenging
times."

Admission to trading on AIM

Further to the Fundraising, the Company is issuing 181,818,182 Ordinary
Shares. Application will be made for the admission of 181,818,182 Ordinary
Shares to trading on AIM ("Admission") and it is expected that this will occur
on or around 21 January 2021. 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 3,896,918,875
Ordinary Shares in issue with voting rights. 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.

Broker Warrants

TPI has been issued with 9,090,910 warrants to subscribe for new Ordinary
Shares at the Issue Price, exercisable for a period of three years from
Admission.

ENDS

[vishuamitra] 13/1/2021 16:19

PHE's plans for international expansion indicates to me that they have some kind of monopoly on their DMG process.....does some kind of international patent exist?

[vatnabrekk] 13/1/2021 13:02

Ken posts, and the share price shoots up. Brilliant!!

[ken chung] 13/1/2021 09:45

Latest expose is that PHE have granted Peel warrants to buy 371.5m shares (10%) at 2.75p, a quarter of the current price.

That basically means PHE diluting itself to give Peel shares to then sell and pay to PHE, almost like them paying people in shares to buy the product with the recipient thus getting it for free.

So future benefits of the money will be offset by future dilution, meaning no overall benefit, more big stock overhang and others might want the same terms. Will the Polish entity be getting it's units for free and who are the beneficial party's there?

Doesn't seem to say much for the buyers confidence in a system working does it, if they want it for free?

It's one of the most laughable things I have ever seen.

No value being created whatsoever.

Lemmings and mushrooms only.

[17902] 12/1/2021 14:28

Tut, tut, tut,.... Get away from that screen Dec and do some homework!

[georgeo1] 12/1/2021 06:28

https://www.share-talk.com/kibo-energy-plc-lonkibo-renewable-energy-solution-partnership/#gs.qdqdnp

[georgeo1] 12/1/2021 06:28

Kibo not mentioned much about ESS Tech Inc. Here is something about it

[georgeo1] 12/1/2021 06:18

https://www.greenbiz.com/article/aircraft-company-zeroavia-secures-214-million-hydrogen-electric-planes

[bothdavis] 11/1/2021 08:13

Be kind to bubbles - don't let them go hungry!

[deccer1] 11/1/2021 08:07

Bubble bursting.Don't feed the bubble.

[new tech] 10/1/2021 14:08

I'm fine thanks.

[tenapen] 10/1/2021 14:04

Hi New Tech,

Good To see, I hope all is good with you ! That was some quiet spell when Tech stocks have been moving higher.

Regards.

[new tech] 10/1/2021 13:34

Tenapen I'm still around. Heading includes the latest interviews and Poland.

[tenapen] 10/1/2021 11:03

The countenance of fools is hopeless !




Edited :-)

[vatnabrekk] 10/1/2021 10:36

deccer, you seem to have a very odd notion of what "pump and dump" means.

[tenapen] 10/1/2021 10:03

Edited

:-)

[deccer1] 10/1/2021 09:39

Pump and dump.

[vatnabrekk] 09/1/2021 18:39

Thanks for posting that schofi2 to remind us of the actual situation regarding exclusivity agreements in these countries. This knocks out some of the trash that's been posted on here lately about this issue.

[schofi2] 09/1/2021 17:17

Powerhouse in partnership talks with Toyota Tsusho in Japan

hxxps://youtu.be/zwqP357z_pE


POWERHOUSE ENERGY GROUP PLC
COMPANY NUMBER: 03934451
Annual Report and Financial Statements
For The Year Ended 31 December 2019

STRATEGIC REPORT
16
International Sales
The international business development activities will focus on developing regional and territory-by-territory partnership agreements to roll out DMG technology. Powerhouse will continue these international business development activities by marketing DMG to potential industrial partners, by building relationships, reviewing project opportunities and signing exclusive marketing agreements.

Strong interest has been expressed in DMG development partnerships internationally.

In Europe commercial feasibility assessments are being undertaken for the Iberian peninsula and project specific studies are underway in Greece.
In Australia the Company has a target project pipeline and Oceania Engineering Services are targeting the initiation of engineering studies for the first Australian project.

In Thailand where considerable prior work has been carried out, Powerhouse proposes to negotiate a new marketing agreement with a local entity paying for exclusivity of delivery in Thailand and focused on rolling outDMG technology in that country.

In Japan a series of potential partner Memorandums of Understanding have been developed and specific
technical due diligence undertaken, with Toyota Tsusho and Itochu completing their exploratory due diligence in 2020. However potential Japanese partners have indicated that investment decisions will only be made subsequent to the commissioning of the first operational plant.
Noting this, the Company has focused through 2019 on the delivery of the first operational project. Wider
business development activities will be initiated through second half of 2020 to secure partners for developments internationally and enable rapid roll out to meet the expected demand

[schofi2] 09/1/2021 16:55

Nice one Tenapen.

And it has been shown to work on a smaller scale at Chester Science park AND has been validated as working by specialists in this field.

All the hard work of the past re getting the design right is coming to fruition.

If the big boys get on board then this will fly lots higher, and can possibly be mass produced for the world market.

I can see a partnership coming sometime soon, any guesses who?