Powerhouse Enrgy Grp Amendment: Issue of Equity & Director/PDMR Shareholding

 
TIDMPHE 
 
GENERAL TEXT AMENDMENT 
 
The following amendments have been made to the "Issue of Equity and Director/ 
PDMR Shareholding" announcement released on 27 March 2019 at 07:00AM. 
 
The number of Ordinary Shares issued to Christopher Vanezis should read 
3,183,750 representing 0.17% of the Company's enlarged issued ordinary share 
capital. 
 
All other details remain unchanged. The full amended text is shown below. 
 
                          PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                Issue of Equity and Director/PDMR Shareholding 
 
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 26,145,552 ordinary shares of 0.5p each in the Company 
("Ordinary Shares") to various service providers for the settlement of fees. Of 
these new Ordinary Shares, 21,838,750 are being issued at 0.5p and 4,306,802 
are being issued at 0.5015p in accordance with the terms of the relevant 
service agreements. 
 
In addition, the Company is issuing 1,808,333 Ordinary Shares in lieu of fees 
to its Chief Executive Officer, David Ryan, at a price of 0.6p per share and 
3,183,750 Ordinary Shares to Christopher Vanezis, Chief Financial Officer, at 
0.5p per share. Following this issue of Ordinary Shares, David Ryan will hold 
7,808,333 Ordinary Shares and Christopher Vanezis will hold 3,183,750 Ordinary 
Shares in the Company, which represents 0.41% and 0.17% respectively of the 
Company's enlarged issued ordinary share capital and voting rights. 
 
The issue of shares to David Ryan constitutes a related party transaction under 
the AIM Rules. The independent directors of the Company consider, having 
consulted with its nominated adviser, WH Ireland Limited, that the terms of the 
transaction are fair and reasonable insofar as shareholders are concerned. 
 
Application has been made for the admission of 29,138,885 Ordinary Shares to 
trading on AIM ("Admission") and it is expected that this will occur on or 
around 1 April 2019. 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 1,885,570,506 
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] 
 
David Ryan, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)                     Tel: [phone] 
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 Group plc 
 
PowerHouse 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) process. 
 
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 
 
   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                        David Ryan 
 
2     Reason for the notification 
 
a)    Position/status             Chief Executive Officer 
 
b)    Initial notification/       Initial notification 
      Amendment 
 
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          Ordinary Shares of 5p each 
      financial instrument, type 
      of instrument 
                                  GB00B4WQVY43 
      Identification code 
 
b)    Nature of the transaction   Share purchase 
 
c)    Price(s) and volume(s)      Price(s)                Volume(s) 
 
                                  0.6p                    1,808,333 
 
d)    Aggregated information 
                                  1,808,333 ordinary shares 
                                  GBP10,850 
 
e)    Date of the transaction     26 March 2019 
 
f)    Place of the transaction    London 
 
   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                        Christopher Vanezis 
 
2     Reason for the notification 
 
a)    Position/status             PDMR 
 
b)    Initial notification/       Amendment 
      Amendment 
 
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          Ordinary Shares of 5p each 
      financial instrument, type 
      of instrument 
                                  GB00B4WQVY43 
      Identification code 
 
b)    Nature of the transaction   Share purchase 
 
c)    Price(s) and volume(s)      Price(s)                Volume(s) 
 
                                  0.5p                    3,183,750 
 
d)    Aggregated information 
                                  3,183,750 ordinary shares 
                                  GBP15,918.75 
 
e)    Date of the transaction     26 March 2019 
 
f)    Place of the transaction    London 
 
 
 
END 
 

(END) Dow Jones Newswires

April 09, 2019 06:36 ET (10:36 GMT)