PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
Issue of
equity
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic and used
tyres, announces that the Company is issuing 12,000,000 ordinary
shares of 0.5p each in the Company (“Ordinary Shares”) to a service
provider for the settlement of fees. The Ordinary Shares are being
issued at 0.5p in accordance with the terms of the service
agreement.
Application has been made for the admission of 12,000,000
Ordinary Shares to trading on AIM and it is expected that this will
occur on or around 19 October 2018.
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 1,699,764,954 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, Chief Executive Officer |
Tel: +44 (0) 203 368
6399 |
WH Ireland Limited
(Nominated Adviser
James Joyce / Chris Viggor |
Tel: +44 (0) 207 220
1666 |
Turner Pope
Investments Ltd (Joint Broker)
Ben Turner / James Pope |
Tel: +44 (0) 203 621
4120 |
Ikon
Associates(Media enquiries
Adrian Shaw |
Tel:
+44 (0) 1483 271291
Mob: +44 (0) 7979 900733 |
About PowerHouse Energy Group plc
PowerHouse 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
EcoSynthesis gas from which valuable products such as chemical
precursors, hydrogen, electricity and other industrial products may
be derived. The PowerHouse technology is one of the world’s first
proven, modular, hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate in excess of 1 tonne of
road-fuel quality H2, and more than 28MW/h of exportable
electricity per day.
The PowerHouse process produces low levels of safe residues and
requires a small operating footprint, making it suitable for
deployment at enterprise and community level.
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