Powerhouse Enrgy Grp Issue of Equity and Director's Dealings

 
TIDMPHE 
 
Powerhouse Energy Group plc 
 
                        ("Powerhouse" or the "Company") 
 
                    Issue of Equity and Director's Dealings 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology 
company commercialising hydrogen production from waste plastic, announces that 
further to the announcement of 16 February 2021, the Company is issuing 
1,600,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") 
further to the exercise of options at 0.75p per Ordinary Share by non-executive 
director, James Greenstreet. 
 
Application has been made for the admission of 1,600,000 Ordinary Shares to 
trading on AIM ("Admission") and it is expected that this will occur on or 
around 24 February 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 3,909,414,135 
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. 
 
Further to these transactions, Mr Greenstreet is beneficially interested in 
2,440,000 Ordinary Shares, of which 840,000 are held by Mrs Greenstreet, which 
represents 0.06% 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                           James Greenstreet 
 
2     Reason for the notification 
 
a)    Position/status                Non-Executive Director 
 
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      Exercise of options 
 
c)    Price(s) and volume(s)         Price(s)                  Volume(s) 
 
                                     0.75p                     1,600,000 
 
d)    Aggregated information 
      -         Aggregated volume    1,600,000 ordinary shares 
      -         Price                £12,000 
 
e)    Date of the transaction        17 February 2021 
 
f)    Place of the transaction       London Stock Exchange 
 
For more information, contact: 
 
Powerhouse Energy Group plc             Tel: [phone] 
                                        6399 
 
Tim Yeo, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)  Tel: [phone] 
                                        1666 
 
James Joyce/ Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint      Tel: [phone] 
Broker)                                 0050 
 
Andrew Thacker 
 
SisterSmith PR (media enquiries) 
Becca Smith                             Mob: [phone] 
 
 
Notes for editors: 
 
About Powerhouse Energy Group plc 
 
Powerhouse, the sustainable hydrogen company, 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

February 19, 2021 06:31 ET (11:31 GMT)