Last checked at 3 Mar 2016 15:13
POWERHOUSE ENERGY GROUP PLC - Issue of EquityPOWERHOUSE ENERGY GROUP PLC - Issue of Equity
PR Newswire
London, March 3
03 March 2016
PowerHouse Energy Group plc
(“PowerHouse” or the “Company”)
Issue of Equity and total voting rights
PowerHouse is pleased to announce that it has raised £25,000 (gross) through a subscription of 3,571,429 ordinary shares of 0.5 pence each (“Ordinary Shares”) in the capital of the Company (the “Subscription”) at a price of 0.7 pence per Ordinary Share. The proceeds of the Subscription will be used for general working capital purposes.
Application will be made for the new Ordinary Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will take place on or around 9 March 2016.
Total voting rights
Upon Admission, following the issue of the new Ordinary Shares, the Company’s issued share capital will consist of 478,540,037 Ordinary Shares in issue of 0.5 pence each with one voting right. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company is 478,540,037.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
For additional information please contact:
PowerHouse Energy Group plcKeith Allaun +1 352 226 8644/+44 7887 588 941
Allenby Capital Limited (Nominated Adviser and Joint Broker)Nick Harriss / David Hart / Liz Kirchner +44 (0) 20 3328 5656
Vicarage Capital Limited (Joint Broker)Jeremy Woodgate +44 (0) 20 3651 2910