PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
PowerHouse Energy Group plc 
                        ("PowerHouse" or the "Company") 
 
                                Issue of Equity 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising hydrogen production from waste plastic, announces that the 
Company is issuing a total of 57,728,139 ordinary shares of 0.5p each in the 
Company ("Ordinary Shares") further to the exercise of warrants at 0.5p per 
Ordinary Share and to various service providers for the settlement of fees. 
 
5,500,000 Ordinary Shares are being issued further to the exercise of warrants 
at 0.5p per Ordinary Share. 47,732,518 Ordinary Shares are being issued at 0.5p 
and 4,495,621 Ordinary Shares are being issued at 0.717p to various service 
providers based on the average closing price for the relevant periods as set 
out the in agreements with the relevant parties. 
 
Application has been made for the admission of 57,728,139 Ordinary Shares to 
trading on AIM ("Admission") and it is expected that this will occur on or 
around 29 January 2020. 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 2,019,516,564 
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) 203 657 0050 
 
Andrew Thacker / Zoe Alexander 
 
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 up to 2 tonnes 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 
 
 
 
END 
 

(END) Dow Jones Newswires

January 24, 2020 02:00 ET (07:00 GMT)

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