Last checked at 29 Dec 2020 07:00
POWERHOUSE ENERGY GROUP PLC - Dealing by PDMRPOWERHOUSE ENERGY GROUP PLC - Dealing by PDMR
PR Newswire
London, December 28
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
29 December 2020
Dealing by PDMR
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that Chris Vanezis, Chief Financial Officer and a PDMR of the Company, who received some of his fees for services provided between 2018 and 2020 in Ordinary Shares in lieu of cash, sold 4,103,688 ordinary shares of 0.5p each in the Company (“Ordinary Shares”).
Further to these transactions, Mr Vanezis holds 26,372,990 Ordinary Shares, which represents 0.71% of the Company’s issued ordinary share capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Chris Vanezis | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Powerhouse Energy Group plc | ||||
| b) | LEI | 213800MY7XIYS2BSC163 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.5p each GB00B4WQVY43 | ||||
| b) | Nature of the transaction | Share sale | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 4,103,688 ordinary shares £276,191.50 | ||||
| e) | Date of the transaction | 23-24 December 2020 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
-ENDS-
For more information, contact:
| Powerhouse Energy Group plc Tim Yeo, Executive Chairman | Tel: +44 (0) 203 368 6399 |
| WH Ireland Limited (Nominated Adviser) James Joyce/Lydia Zychowska | Tel: +44 (0) 207 220 1666 |
| Turner Pope Investments Ltd (Joint Broker) Andrew Thacker/Zoe Alexander | Tel: +44 (0) 203 657 0050 |
| SistersmithPR (Media enquiries) Becca Smith | Mob: +447766 522305 |
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse, the sustainable hydrogen company, has developed a proprietary process technology - DMG® - 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. Powerhouse's technology is one of the world's first proven, distributed, modular, hydrogen from waste (HfW) process.
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality hydrogen and more than 58MWh of exportable electricity per day.
Powerhouse's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level. As announced on 11th February 2020 under its Supplemental Agreement with Peel Environmental, Powerhouse will receive an annual license fee of GBP500,000 in respect of each project which is commissioned.
Powerhouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in the United Kingdom.