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 37,736,252 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.
Application has been made for the admission of 37,736,252
Ordinary Shares to trading on AIM (“Admission”) and it is expected
that this will occur on or around 20
November 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 1,961,788,425 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®
(Distributed Modular Generation) - 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
processes.
The PowerHouse DMG® process can generate in excess of 1 tonne of
road-fuel quality hydrogen, and more than 81MWh 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