Powerhouse Energy Group
plc
("Powerhouse" or the "Company")
27 April
2021
Directors’
Dealings
Powerhouse Energy Group plc (AIM: PHE), the UK technology
company commercialising hydrogen production from waste
plastic, announces that Mark
Berry and Allan Vlah,
non-executive directors of the Company, have been granted options
over ordinary shares of 0.5p each in the Company (“Ordinary
Shares”) under the Company’s Non-Employee Share Option Plan
(“Options”) on 23 April 2021 in lieu of part or all the fees
to which they are entitled. The Options have an exercise price of
6.3p and lapse 3 years from the date of grant.
In the event that all these options are exercised the issued
share capital of the Company will be increased by less than 0.05
percent.
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 |
Mark Berry |
2 |
Reason
for the notification |
a) |
Position/status |
Non-Executive Director |
b) |
Initial notification/ Amendment |
Initial notification |
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 instrument, type of instrument
Identification code |
Options
over Ordinary Shares of 0.5p each
GB00B4WQVY43 |
b) |
Nature of the transaction |
Grant of options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
6.3p |
998,098 |
|
d) |
Aggregated
information
- Aggregated
volume
- Price |
998,098 options over ordinary shares
£62,880 |
e) |
Date of the transaction |
23 April 2021 |
f) |
Place of the transaction |
London Stock Exchange |
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 |
Allan Vlah |
2 |
Reason
for the notification |
a) |
Position/status |
Non-Executive Director |
b) |
Initial notification/ Amendment |
Initial notification |
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 instrument, type of instrument
Identification code |
Options
over Ordinary Shares of 0.5p each
GB00B4WQVY43 |
b) |
Nature of the transaction |
Grant of options |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
6.3p |
775,141 |
|
d) |
Aggregated
information
- Aggregated
volume
- Price |
775,141 options over ordinary shares
£48,834 |
e) |
Date of the transaction |
23 April 2021 |
f) |
Place of the transaction |
London Stock Exchange |
-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 Broker) |
Tel: +44 (0) 203 657 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