PowerHouse Energy
Group plc
(“PowerHouse” or
the “Company”)
Agreement to Issue
of Equity
PowerHouse is pleased to announce that it has entered into an
agreement to raise gross proceeds of £250,000 via a placing of
35,714,285 ordinary shares of 0.5p each in the Company ("Ordinary
Shares") at a price of 0.7p per share (“Placing”). The new Ordinary
Shares will be placed with Yady Worldwide S.A..
The Company will announce the completion of the Placing and the
date of Admission for the new Ordinary Shares in due course.
Keith Allaun, Executive Chairman
of PowerHouse said: “We welcome Yady Worldwide as a significant
investor in PowerHouse. Yady Worldwide’s commitment to the
burgeoning Hydrogen Economy, as well as waste-to-energy sector, is
underscored by its investments in both Waste2tricity plc and AFC
Energy PLC. We look forward to having them on board to assist with
our commercial roll-out and growth.”
For more information, contact:
PowerHouse Energy Group
plc
Keith Allaun, Executive Chairman |
Tel: +44 (0) 203 368 6399 |
WH Ireland Limited (Nominated
Adviser)
James Joyce / James Bavister |
Tel: +44 (0) 207 220 1666 |
Vicarage Capital Limited
(Broker)
Jeremy Woodgate |
Tel: +44 (0) 203 651 2910 |
IFC Advisory (Financial PR &
IR)
Tim Metcalfe / Graham Herring / Heather Armstrong / Miles
Nolan |
Tel: +44 (0) 203 053 8671 |
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About PowerHouse
PowerHouse is the holding company of the G3-UHt System Ultra
High Gasification waste to energy systems.
The Company is focussed on technologies to enable energy
recovery from municipal waste streams that would otherwise be
directed to landfills and incinerators; or from renewable and
alternative fuels such as biomass, tyres, and plastics to create
syngas for power generation, high-quality hydrogen, or potentially
reformed into liquid fuels for transportation. These waste to
energy systems aim to provide the “best solution” to the
on-site energy market.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the United
Kingdom.
For more information see www.powerhouseenenergy.net