PowerHouse Energy Group
plc
(“PowerHouse” or the
“Company”)
Issue of
Equity
On 17 January 2017 PowerHouse
announced it had entered into a Cooperation Agreement to appoint
Waste2tricity plc (Waste2Tricity) as its exclusive Project
Development Consultant in the UK. In accordance with the terms of
the agreement, the Company has issued Waste2Tricity with 7,460,035
ordinary shares of 0.5p each in the Company ("Ordinary Shares") in
lieu of cash payment of £70,000.00.
Application is being made for the admission of the 7,460,035 new
Ordinary Shares to trading on AIM and it is expected that this will
occur on or around 27 June 2017.
These shares will rank pari passu in all respects with
the Company's existing issued Ordinary Shares.
Subsequent to the issuance of the New Ordinary Shares, the
Company will have 963,608,856 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
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 |
Turner Pope Investments Ltd
(Joint Broker)
Ben Turner / James Pope |
Tel: +44 (0) 203 621 4120 |
Smaller Company Capital Limited
(Joint Broker)
Jeremy Woodgate |
Tel: +44 (0) 203 651 2910 |
IFC Advisory (Financial PR &
IR)
Tim Metcalfe / Miles Nolan |
Tel: +44 (0) 203 053 8671 |
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About PowerHouse Energy
PowerHouse is the holding company of the G3-UHt Ultra High
Temperature Gasification Waste-to-Energy system, and the creator of
Distributed Modular Gasification© (DMG).
The Company is focused on technologies to enable energy recovery
from municipal and industrial 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. DMG©
allows for easy, economical, deployment and scaling of an
environmentally sound solution to the growing challenges of waste
elimination, electricity demand, and distributed hydrogen
production.
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