Powerhouse Enrgy Grp Director's dealings and issue of equity
15 Marzo 2021 - 5:59PM
UK Regulatory
TIDMPHE
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
15 March 2021
Issue of Equity and Director's Dealings
Powerhouse Energy Group plc (AIM: PHE), the UK technology
company commercialising hydrogen production from waste plastic, announces that
the Company is issuing 500,000 ordinary shares of 0.5p each in the Company
("Ordinary Shares") further to the exercise of options at 0.6 per Ordinary
Share by Dr Cameron Davies, non-executive director of the Company.
Application has been made for the admission of 500,000 Ordinary Shares to
trading on AIM ("Admission") and it is expected that this will occur on or
around 17 March 2021. 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 3,915,914,135
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.
Dr Davies has also transferred 1,200,000 Ordinary Shares at nil cost to his
wife, Linda Davies. Further to these transactions, Dr Davies will be
beneficially interested in 1,700,000 Ordinary Shares, which represents 0.04% of
the Company's issued ordinary share capital.
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 Dr Cameron Davies
2 Reason for the notification
a) Position/status Non-Executive Director
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 financial Ordinary Shares of 0.5p each
instrument, type of instrument
Identification code
GB00B4WQVY43
b) Nature of the transaction Exercise of options
c) Price(s) and volume(s) Price(s) Volume(s)
0.6p 500,000
d) Aggregated information
- Aggregated volume 500,000 ordinary shares
- Price £3,000.00
e) Date of the transaction 10 March 2021
f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dr Cameron Davies
2 Reason for the notification
a) Position/status Non-Executive Director
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 financial Ordinary Shares of 0.5p each
instrument, type of instrument
Identification code
GB00B4WQVY43
b) Nature of the transaction Transfer of shares
c) Price(s) and volume(s) Price(s) Volume(s)
nil 1,200,000
d) Aggregated information
- Aggregated volume 1,200,000 ordinary shares
- Price nil
e) Date of the transaction 15 March 2021
f) Place of the transaction Off market
-ENDS-
For more information, contact:
Powerhouse Energy Group plc Tel: +44 (0) 203 368
6399
Tim Yeo, Executive Chairman
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220
1666
James Joyce/ Lydia Zychowska
Turner Pope Investments Ltd (Joint Tel: +44 (0) 203 657
Broker) 0050
Andrew Thacker
SisterSmith PR (media enquiries)
Becca Smith Mob: +44 (0) 7766522305
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse, the sustainable hydrogen company, 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. Powerhouse's
technology is one of the world's first proven, distributed, modular, hydrogen
from waste (HfW) process.
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality
hydrogen and more than 58MWh of exportable electricity per day.
Powerhouse's process produces low levels of safe residues and requires a small
operating footprint, making it suitable for deployment at enterprise and
community level. As announced on 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of GBP500,000 in respect of each project which is commissioned.
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
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March 15, 2021 12:59 ET (16:59 GMT)
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