Last checked at 16 Dec 2011 12:06
16 December 2011
PowerHouse Energy Group plc
("PowerHouse", the "Group" or the "Company")
Exercise of Warrants
The Company announces that, following an exercise of warrants, created pursuant to an instrument dated 31 March 2011, it has issued, conditional on admission to trading on AIM, 666 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). The Warrants were exercised at a price of 18p per share.
Application will be made for 666 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 23 December 2011. Following the issue of these shares, the Company will have 284,271,187 Ordinary Shares in issue.
For additional information please contact:
PowerHouse Energy Group plc
Ross Lyndon-James2nd Floor, Berkeley Square HouseBerkeley SquareLondon W1J 6BD, UKPhone: +44 (0) 20 7887 1362Email: inquire@powerhousegroup.co.uk
Merchant Securities Limited (Nominated Adviser & Broker)
David Worlidge/Simon Clements
Phone: +44 (0) 20 7628 2200
Pelham Bell Pottinger
Nick Lambert / Charles Stewart
Phone: +44 (0) 20 7861 3232