Powerhouse Enrgy Grp Issue of Equity

 
TIDMPHE 
 
Powerhouse Energy Group plc 
 
                        ("Powerhouse" or the "Company") 
 
                                Issue of Equity 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology 
company commercialising hydrogen production from waste plastic, announces that 
the Company is issuing 6,000,000 ordinary shares of 0.5p each in the Company 
("Ordinary Shares") further to the exercise of options at 0.6p per Ordinary 
Share. 
 
Application has been made for the admission of 6,000,000 Ordinary Shares to 
trading on AIM ("Admission") and it is expected that this will occur on or 
around 9 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 3,907,814,135 
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. 
 
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 05, 2021 09:08 ET (14:08 GMT)