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Share Name Share Symbol Market Type Share ISIN Share Description
Powerhouse Energy Group Plc LSE:PHE London Ordinary Share GB00B4WQVY43 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.22% 9.10 8.80 9.30 9.49 9.05 9.25 16,659,644 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 -1.7 -0.1 - 355

Powerhouse Enrgy Grp Directorate Change

23/10/2020 7:00am

UK Regulatory (RNS & others)


 
TIDMPHE 
 
Powerhouse Energy Group plc 
                        ("Powerhouse" or the "Company") 
 
                             Change of Directorate 
 
23 October 2020 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising hydrogen production from waste plastic, announces that Dr 
Cameron Davies will retire as a director of the Company on 31 March 2021. 
 
Tim Yeo, Chairman, said "On behalf of the whole board and all Powerhouse 
shareholders I express my warmest thanks to our former Chairman Cameron Davies 
for his leadership throughout a challenging, important and successful period of 
transition for our Company. His wise advice and calm judgments over the past 
three years have been greatly appreciated." 
 
Dr Davies said "It has been my privilege to serve as Chairman of Powerhouse and 
oversee its transition into a well funded company driving forward waste plastic 
to hydrogen technology." 
 
The Company also announces its intention to appoint Mark Berry as a 
non-executive director, subject to receipt of the relevant AIM clearances. Mark 
is a partner of leading global law firm Norton Rose Fulbright which has 
particular expertise in the energy industry. 
 
Tim Yeo said "I am delighted that Mark has agreed to join the Powerhouse board. 
His deep experience and knowledge of our industry will be of immense value and 
we much look forward to working closely with him." 
 
A full announcement regarding Mark's appointment will be made at the 
appropriate time. 
 
For more information, contact: 
 
Powerhouse Energy Group plc                 Tel: +44 (0) 203 368 6399 
 
David Ryan, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)      Tel: +44 (0) 207 220 1666 
 
James Joyce/Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050 
 
Andrew Thacker/Zoe Alexander 
 
Ikon Associates (Media enquiries)           Tel: +44 (0) 1483 271291 
 
Adrian Shaw                                 Mob: +44 (0) 7979 900733 
 
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

October 23, 2020 02:00 ET (06:00 GMT)

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