Next Week21 Apr 2018 15:23
I’m no trader (to say the least) but when may be the best time to top up next week? I guess there seems to be a .50p floor at the minute so anything around there is good.
Application is being made for the admission of 180,000,000 new Ordinary Shares, representing 11.7 per cent of the enlarged share issued shares in issue to trading on AIM and it is expected that this will occur on or around 25 April 2018. These shares will rank pari passu in all respects with the Company’s existing issued Ordinary Shares.
Subsequent to the issue of the New Ordinary Shares, the Company will have 1,532,558,289 Ordinary Shares in issue and there are 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.
Keith Allaun, CEO of PowerHouse, said: “We are delighted with the support from existing and new shareholders. The PowerHouse System continues to demonstrate that at commercial scale, our outstanding waste-to-hydrogen technology will be delivering distributed hydrogen in the most ecologically responsible, economically efficient, distributed manner, and position PowerHouse as a key hydrogen player. We intend to be one of the lowest cost providers of hydrogen fuel in the world, whilst making a major contribution to reducing the plastic and rubber waste problem- and dramatically reducing air pollution.”