Powerhouse Enrgy Grp Issue of Equity
January 30 2017 - 1:00AM
UK Regulatory
TIDMPHE
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Issue of Equity
Further to the announcement on 19 January 2017, PowerHouse is pleased to
announce that it has received GBP250,000 pursuant to the agreement with Yady
Worldwide S.A. ("Yady"), and accordingly will issue Yady with 35,714,285
ordinary shares of 0.5p each in the Company ("Ordinary Shares").
Application is being made for the admission of the 35,714,285 new Ordinary
Shares to trading on AIM and it is expected that this will occur on or around 3
February 2017. These shares will rank pari passu in all respects with the
Company's existing issued Ordinary Shares.
Subsequent to the issuance of the New Ordinary Shares, the Company will have
643,648,821 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
Keith Allaun, Executive Chairman
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / James Bavister
Vicarage Capital Limited (Broker) Tel: +44 (0) 203 651 2910
Jeremy Woodgate
IFC Advisory (Financial PR & IR) Tel: +44 (0) 203 053 8671
Tim Metcalfe / Graham Herring / Heather Armstrong /
Miles Nolan
About PowerHouse
PowerHouse is the holding company of the G3-UHt System Ultra High Temperature
Gasification waste to energy systems.
The Company is focussed on technologies to enable energy recovery from
municipal waste streams that would otherwise be directed to landfills and
incinerators; or from renewable and alternative fuels such as biomass, tyres,
and plastics to create syngas for power generation, high-quality hydrogen, or
potentially reformed into liquid fuels for transportation. These waste to
energy systems aim to provide the "best solution" to the on-site energy market.
PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is
incorporated in the United Kingdom.
For more information see www.powerhouseenenergy.net
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January 30, 2017 02:00 ET (07:00 GMT)