Further Re. Proposed acquisition of Pyromex (0976V)
06 Gennaio 2012 - 8:00AM
UK Regulatory
TIDMPHE
RNS Number : 0976V
Powerhouse Energy Group PLC
06 January 2012
6 January 2012
PowerHouse Energy Group plc
("The Company" or "PowerHouse")
Further Re. Proposed acquisition of Pyromex Holding, AG -
Extension of Option
Further to the announcement made on 30 December 2011 regarding
PowerHouse's exercise of option notice to acquire the remaining 70
per cent. interest in Pyromex Holding, AG ("Pyromex")("the Target
Shares"), the Company announces that by mutual agreement the option
period has been extended to 31 January 2012 and as a result
completion of the acquisition of the Target Shares is expected to
occur on or before 7 February 2012.
A further announcement will be made in due course.
For additional information please contact:
PowerHouse Energy Group plc
Ross Lyndon-James +44 (0) 20 7887 1362
Merchant Securities Limited (NOMAD and Broker)
David Worlidge/Simon Clements
+44 (0) 20 7628 2200
Pelham Bell Pottinger
Nick Lambert / Charles Stewart
+44 (0) 20 7861 3232
Notes to Editors:
-- PowerHouse is a leading provider of economically proven,
on-site, clean energy systems that use traditional and renewable
forms of fuel to generate electric and thermal energy in an
environmentally responsible way. PowerHouse's forward development
strategy includes the conversion of waste and coal and coal waste
to cleaner liquid fuels including diesel and jet fuels
-- PowerHouse offers a complete turnkey waste/biomass to energy
equipment solution either by: direct sale or energy supply under
long term power purchase agreements
-- PowerHouse's shares trade on the Alternative Investment Market under the ticker (PHE)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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