Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
issue a total of 1.32 billions of shares to take over an empty compant (i.e. W2T ) with no revenue no project no engineer no expert no money plus cannot raise funds, is a very bad deal .
ditch W2T is the way foreard , why needed to carry the-incapable-W2T to PHE's own future
W2T wants 40% of PHE is just too greedy.
W2T does not worth that much because W2T was not able to raise funds (last time claimed they will be 7M to be raised via EY, and there is nothing)
For takeover with 40% of PHE, then PHE needs to raise 66.66% of its current shares(2Billion). That means PHE will be having OVER 3.3 Billion shares, if the take over happens.
How much cash W2T has in the bank?
Take over such an incapable but a greedy 'Buddy' (or Friend?)
London, April 17
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Holding in Company
PowerHouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, was notified on 16 April 2020 that Paul Warwick no longer has a notifiable holding in the Company.
Mr Warwick has successfully managed to run away.
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, is pleased to announce it has signed an option to enter into an exclusive agreement for the development of DMG® Technology in the UK (the “UK Exclusivity Option Agreement”) with Peel Environmental (part of Peel L&P) (“Peel”).
Under the UK Exclusivity Option Agreement, Peel has, if it exercises the option, committed to lead the engagement with all potential end customers for UK based DMG® plants such as councils and waste management companies and will facilitate or help facilitate the development of those DMG® plants in accordance with the customers’ commercial requirements.
The UK Exclusivity Option Agreement is conditional upon and requires the completion of the proposed PowerHouse acquisition of Waste2Tricity Limited, which is progressing but has yet to be finalised for logistical reasons, including the finalisation of a shareholder circular in advance of a general meeting.
Peel are well positioned in the UK Energy from Waste sector to deliver Powerhouse’s ambitious plans for quick and effective roll out of DMG® technology thoughout the UK.
Peel not only bring their land bank as potential DMG® plant sites, but also their experience of working within communities and with other businesses working with end customers’ sites and acquiring new sites for DMG® units.
PowerHouse will, if Peel exercises the option, receive £500,000 as a one-off fee for granting Peel exclusive rights to develop the DMG® Technology in the UK. On an ongoing basis, PowerHouse will then be entitled to a licence fee of approximately £500,000 for each DMG® plant that Peel develops, which will become payable when a unit becomes operational. PowerHouse may also earn additional fees from technical engineering services and maintenance contracts associated with each project if contracted by Peel to do so.
PowerHouse intends to negotitate similar exclusivity arrangements with development partners on a country-by-country basis as part of its strategy to enable rollout of its DMG® technology in the most effective and speedy manner in each region.
David Ryan, CEO of PowerHouse Energy, said:
“We have chosen to work with Peel largely based on the results of the very positive engagement we have had with them to date combined with their well suited strategic fit as a development partner for delivering an effective and sustained roll out of our DMG® technology across the UK.
“They have the resource, reputation and experience as well as a shared vision for providing commercially sound solutions to meet the increasing demand for energy from waste produced in an environmenentally responsible manner. We very much look forward to having a highly productive and mutually profitable working relationship with Peel.”
Myles Kitcher of Peel commented:
“We have a huge problem with plastic waste in the UK and we desperately need new infrastructure to preven
Manabouttown - everyone (and every investor) is using the same public information, and not via contact the company to obtain more sideway information.
If you did get any additional information that has not been released to public then you make phe not following regulation.
I can see how eagle is the peel env wanted to start the hydrogen business with phe dmg technology. I like this.
If w2t / phe 40/60 split is limited to the phe Licence fees of the first 5 sites, i feel ok with it. What i dont want it that given 40% of my shares away to w2t. I have invested a house in phe.