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Pin to quick picksPowerhouse Ener Regulatory News (PHE)

Share Price Information for Powerhouse Ener (PHE)

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Share Price: 1.075
Bid: 1.05
Ask: 1.10
Change: -0.01 (-0.91%)
Spread: 0.05 (4.762%)
Open: 1.125
High: 1.125
Low: 1.09
Prev. Close: 1.10
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Issue of Equity

24 Jan 2020 07:00

POWERHOUSE ENERGY GROUP PLC - Issue of Equity

POWERHOUSE ENERGY GROUP PLC - Issue of Equity

PR Newswire

London, January 23

PowerHouse Energy Group plc("PowerHouse" or the "Company")

Issue of Equity

PowerHouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that the Company is issuing a total of 57,728,139 ordinary shares of 0.5p each in the Company (“Ordinary Shares”) further to the exercise of warrants at 0.5p per Ordinary Share and to various service providers for the settlement of fees.

5,500,000 Ordinary Shares are being issued further to the exercise of warrants at 0.5p per Ordinary Share. 47,732,518 Ordinary Shares are being issued at 0.5p and 4,495,621 Ordinary Shares are being issued at 0.717p to various service providers based on the average closing price for the relevant periods as set out the in agreements with the relevant parties.

Application has been made for the admission of 57,728,139 Ordinary Shares to trading on AIM (“Admission”) and it is expected that this will occur on or around 29 January 2020. These shares will rank pari passu in all respects with the Company's existing issued Ordinary Shares.

Subsequent to the issue of Ordinary Shares, the Company will have 2,019,516,564 Ordinary Shares in issue. PowerHouse has 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.

For more information, contact:

PowerHouse Energy Group plcTel: +44 (0) 203 368 6399
David Ryan, Chief Executive Officer
WH Ireland Limited (Nominated Adviser)Tel: +44 (0) 207 220 1666
James Joyce / Chris Savidge
Turner Pope Investments Ltd (Joint Broker)Tel: +44 (0) 203 657 0050
Andrew Thacker / Zoe Alexander
Ikon Associates(Media enquiries)Tel: +44 (0) 1483 271291
Adrian ShawMob: +44 (0) 7979 900733

About PowerHouse Energy Group plc

PowerHouse 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. The PowerHouse technology is one of the world’s first proven, modular, hydrogen from waste (HfW) process.

The PowerHouse DMG® process can generate up to 2 tonnes of road-fuel quality H2, and more than 58MW/h of exportable electricity per day.

The PowerHouse process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

PowerHouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE, and is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.net

Date   Source Headline
18th Mar 20247:00 amRNSSubsidiary Contract
11th Mar 20247:00 amRNSUpdate on Longford Project JV
22nd Feb 20247:00 amRNSFramework Agreement with National Hydrogen
19th Feb 202412:32 pmRNSCorporate Activity Update
6th Feb 20245:20 pmRNSUpdate on European Patent Claim
31st Jan 20247:00 amRNSAppointment of Nominated & Financial Adviser
12th Dec 20237:00 amRNSDirector’s Dealing
11th Dec 20237:00 amRNSDirector’s Dealing
8th Dec 20237:00 amRNSDirectorate Update
27th Nov 20237:00 amRNSDirectorate Update
15th Nov 20237:00 amRNSDirectorate Change
6th Nov 20237:00 amRNSEuropean Patent update
30th Oct 20237:00 amRNSDeferral of Commitment to JV with HUI
6th Oct 20232:16 pmRNSPowerhouse Technology Centre Project Update
15th Sep 20237:00 amRNSEuropean Patent Grant Confirmed
7th Sep 20234:05 pmRNSResult of AGM
6th Sep 20237:05 amRNSHalf Year Report
6th Sep 20237:00 amRNSChange of directorate
22nd Aug 20237:00 amRNSPlacing to raise £1,000,000 and issue of equity
16th Aug 20237:00 amRNSNotice of AGM
13th Jul 20237:00 amRNSEuropean Patent Application Allowed
30th Jun 20237:00 amRNSAudited Results for Year Ended 31 December 2022
22nd Jun 20237:00 amRNSAcquisition of entire shareholding of Engsolve Ltd
30th May 20237:00 amRNSAppointment of representative in Northern Ireland
2nd May 20237:00 amRNSAcquisition of the entire shareholding of Protos
3rd Apr 20237:00 amRNSExtension of agreements with Peel
31st Mar 20237:00 amRNSPHE discussions with National Hydrogen Australia
21st Mar 20237:00 amRNSJoint Venture with HUI Plc
16th Mar 20239:00 amRNSCompletion of lease on Technology Centre
27th Feb 20237:00 amRNSHolding(s) in Company
27th Feb 20237:00 amRNSHolding(s) in Company
27th Feb 20237:00 amRNSHolding(s) in Company
22nd Feb 20234:40 pmRNSSecond Price Monitoring Extn
22nd Feb 20234:35 pmRNSPrice Monitoring Extension
22nd Feb 202311:05 amRNSSecond Price Monitoring Extn
22nd Feb 202311:00 amRNSPrice Monitoring Extension
22nd Feb 20237:00 amRNSFramework Services agreement with Petrofac
16th Feb 202311:05 amRNSDirectorate Change
23rd Jan 202312:27 pmRNSUpdate on Konin facility, Poland
12th Jan 202311:05 amRNSSecond Price Monitoring Extn
12th Jan 202311:00 amRNSPrice Monitoring Extension
11th Jan 20234:40 pmRNSSecond Price Monitoring Extn
11th Jan 20234:35 pmRNSPrice Monitoring Extension
4th Jan 20234:40 pmRNSSecond Price Monitoring Extn
4th Jan 20234:35 pmRNSPrice Monitoring Extension
30th Dec 20227:00 amRNSDirectorate Changes and Operational Update
19th Dec 20222:05 pmRNSSecond Price Monitoring Extn
19th Dec 20222:00 pmRNSPrice Monitoring Extension
19th Dec 202211:05 amRNSSecond Price Monitoring Extn
19th Dec 202211:00 amRNSPrice Monitoring Extension

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