Powerhouse Enrgy Grp Issue of Equity and Director/PDMR Shareholding
28 Giugno 2019 - 5:16PM
UK Regulatory
TIDMPHE
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
28th June 2019
Issue of Equity and Director/PDMR Shareholding
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 33,040,000 ordinary shares of 0.5p each in the Company
("Ordinary Shares") to various service providers for the settlement of fees at
0.5p per Ordinary Share. Included with the share payments are a payment to
Waste2Tricity. The agreement conditions under which Waste2tricity is acting
entitles PHE to a reimbursement of the cost out of any profits earned by
Waste2tricity from project development activities.
In addition, the Company is issuing 3,266,667 Ordinary Shares in lieu of fees
to its Chief Executive Officer, David Ryan, at a price of 0.6p per share and
2,175,000 Ordinary Shares to Christopher Vanezis, Chief Financial Officer, at
0.5p per share. Following this issue of Ordinary Shares, David Ryan will hold
11,075,000 Ordinary Shares and Christopher Vanezis will hold 5,358,750 Ordinary
Shares in the Company, which represents 0.58% and 0.28% respectively of the
Company's enlarged issued ordinary share capital and voting rights.
The issue of shares to David Ryan constitutes a related party transaction under
the AIM Rules. The independent directors of the Company consider, having
consulted with its nominated adviser, WH Ireland Limited, that the terms of the
transaction are fair and reasonable insofar as shareholders are concerned.
Application has been made for the admission of 38,481,667 Ordinary Shares to
trading on AIM ("Admission") and it is expected that this will occur on or
around 4th July 2019. 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 1,924,052,173
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: +44 (0) 203 368 6399
David Ryan, Chief Executive Officer
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / Chris Savidge
Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 621 4120
Ben Turner / James Pope
Ikon Associates(Media enquiries) Tel: +44 (0) 1483 271291
Adrian Shaw 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 syngas 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 58MW/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
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name David Ryan
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name PowerHouse Energy Group plc
b) LEI 213800MY7XIYS2BSC163
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the Ordinary Shares of 5p each
financial instrument, type
of instrument
GB00B4WQVY43
Identification code
b) Nature of the transaction Share purchase
c) Price(s) and volume(s) Price(s) Volume(s)
0.6p 3,266,667
d) Aggregated information
- Aggregated volume 3,266,667 ordinary shares
- Price GBP19,600
e) Date of the transaction 27 June 2019
f) Place of the transaction London
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Christopher Vanezis
2 Reason for the notification
a) Position/status PDMR
b) Initial notification/ Initial
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name PowerHouse Energy Group plc
b) LEI 213800MY7XIYS2BSC163
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the Ordinary Shares of 5p each
financial instrument, type
of instrument
GB00B4WQVY43
Identification code
b) Nature of the transaction Share purchase
c) Price(s) and volume(s) Price(s) Volume(s)
0.5p 2,175,000
d) Aggregated information
- Aggregated volume 2,175,000 ordinary shares
- Price GBP10,875
e) Date of the transaction 27 June 2019
f) Place of the transaction London
END
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