Powerhouse Enrgy Grp Director/PDMR Shareholding

 
TIDMPHE 
 
Powerhouse Energy Group plc 
                        ("Powerhouse" or the "Company") 
 
4 December 2020 
 
                              Director's Dealing 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising hydrogen production from waste plastic, announces that Tim Yeo, 
Chairman of the Company, transferred 605,263 ordinary shares of 0.5p each in 
the Company ("Ordinary Shares") into his Self-Invested Personal Pension 
("SIPP") and a further 1,521,228 Ordinary Shares into his wife's SIPP on 13 
November 2020. 
 
Further to these transactions, Mr Yeo's beneficial interest in the Company 
remains unchanged at 71,871,959 Ordinary Shares, including those held by Mrs 
Yeo, which represents 1.93% of the Company's issued ordinary share capital. 
 
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                           Tim Yeo 
 
2     Reason for the notification 
 
a)    Position/status                Executive Chairman 
 
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 financial   Ordinary Shares of 0.5p each 
      instrument, type of instrument 
 
      Identification code 
                                     GB00B4WQVY43 
 
b)    Nature of the transaction      Share purchase 
 
c)    Price(s) and volume(s)         Price(s)                  Volume(s) 
 
                                     2.85p                     605,263 
                                     2.85p                     1,521,228 
 
d)    Aggregated information 
      -         Aggregated volume    2,126,491 ordinary shares 
      -         Price                GBP60,605 
 
e)    Date of the transaction        13 November 2020 
 
f)    Place of the transaction       Off market 
 
                                    -ENDS- 
 
For more information, contact: 
 
Powerhouse Energy Group plc                 Tel: [phone] 
 
Tim Yeo, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)      Tel: [phone] 
 
James Joyce/Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint Broker)  Tel: [phone] 
 
Andrew Thacker/Zoe Alexander 
 
Ikon Associates (Media enquiries)           Tel: [phone] 
 
Adrian Shaw                                 Mob: [phone] 
 
SistersmithPR (Media enquiries) 
 
Becca Smith 
    Mob: [phone] 
 
Notes for editors: 
 
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 syngas from which valuable 
products such as chemical precursors, hydrogen, electricity and other 
industrial products may be derived. Powerhouse's technology is one of the 
world's first proven, distributed, modular, hydrogen from waste (HfW) process. 
 
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality 
hydrogen and more than 58MWh of exportable electricity per day. 
 
Powerhouse's process produces low levels of safe residues and requires a small 
operating footprint, making it suitable for deployment at enterprise and 
community level. As announced on 11th February 2020 under its Supplemental 
Agreement with Peel Environmental, Powerhouse will receive an annual license 
fee of GBP500,000 in respect of each project which is commissioned. 
 
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

December 04, 2020 05:00 ET (10:00 GMT)