PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
Director’s
Dealing
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic and used
tyres, announces that David Ryan,
Director of the Company and leader of the DMG® technology
development effort, has subscribed for 6,000,000 Ordinary Shares at
a price of 0.5p per Ordinary Share (“Subscription Shares”).
Application will be made for the admission of 6,000,000
Subscription Shares to trading on AIM and it is expected that this
will occur on or around 16 August
2018. These shares will rank pari passu in all
respects with the Company's existing issued Ordinary Shares.
Subsequent to the issue of Subscription Shares, the Company will
have 1,687,764,954 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.
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 |
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 |
213800MY7XIYS2B5C163
|
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 |
Ordinary Shares
GB00B4WQVY43 |
b) |
Nature of the transaction |
Subscription for
6,000,000 ordinary shares |
c) |
Price(s) and volume(s) |
Price(s)
0.5 pence |
Volume(s)
6,000,000 |
d) |
Aggregated
information
- Aggregated volume
- Price |
6,000,000
0.5 pence |
e) |
Date of the transaction |
08/08/2018 |
f) |
Place of the transaction |
London, AIM |
For more information, contact:
PowerHouse Energy Group plc
Tel: +44 (0) 203 368 6399
Keith Allaun, Chief Executive
Officer
WH Ireland Limited (Nominated Adviser)
Tel: +44 (0) 207 220 1666
James Joyce / Chris Viggor
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
PowerHouse Energy Group plc is the developer of DMG©,
the distributed, modular, thermal conversion system which allows
for the distributed eradication of waste, the generation of
distributed electricity, and the production of distributed hydrogen
with the world's first small, modular, hydrogen from waste process
(HfW).
The Company is focused on technologies to enable efficient
energy recovery from municipal and industrial waste streams that
would otherwise be directed to landfills and incinerators; or from
renewable and alternative fuels such as biomass, tyres, and
plastics for power generation, or the production of high-quality
hydrogen as a fuel for transport. DMG© allows for
easy, economical, deployment and scaling of an environmentally
sound solution to the growing challenges of waste eradication,
landfill diversion, electrical demand, and distributed hydrogen
production.
The PowerHouse DMG© process can generate in excess of
1 tonne of road-fuel quality H2, and in excess of 28MW/h of
exportable electricity per day.
The PHE process produces very low levels of safe residues and
requires a small operating footprint, making it suitable for
deployment at enterprise and community levels.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the
United Kingdom.
For more information see www.powerhouseenergy.net