IN BRIEF: Powerhouse Energy secures outstanding Engsolve stake

Thu, 22nd Jun 2023 11:36

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Acquires outstanding 52% stake of Engsolve Ltd for GBP572,000. Says the remaining shareholding was owned by two Powerhouse directors, Paul Emmitt and Richard Riddell. Back in 2021, Powerhouse had bought a 48% stake of Engsolve for a cash consideration of GBP99,990. Engsolve is a Bridgend, Wales-based engineering consultancy.

Current stock price: 0.44 pence, flat on Thursday

12-month change: down 73%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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