Powerhouse Ener Regulatory News (PHE)

POWERHOUSE ENERGY GROUP PLC - Share Options Grants to Directors

PR Newswire

London, March 6

7 March 2018

PowerHouse Energy Group plc(“PowerHouse” or the “Company”)

Share Options Grants to Directors

PowerHouse announces on 6 March 2018 the Company granted share options, as recommended by the Remuneration Committee of the Company, under the Company’s Share Option Schemes to the following Directors:

Brent Fitzpatrick 12,000,000 share optionsJames Greenstreet 12,000,000 share optionsCameron Davies 15,000,000 share optionsDavid Ryan 21,000,000 share optionsKeith Allaun 30,000,000 share options

The options were granted at the closing bid price of the shares on 5 March 2018 of 0.6p and will vest in accordance with the rules of the Share Option Schemes adopted by the PowerHouse Board of Directors over the next 24-30 months. 

For more information, contact:

About PowerHouse Energy

PowerHouse Energy Group plc is the developer of the G3-UHt Ultra High Temperature Gasification unit, and the creator of DMG®, the Distributed Modular Gasification System that allows the distributed eradication of waste, the generation of distributed electricity, and the production of distributed hydrogen with the world’s first hydrogen from waste (HfW) process.

The Company is focused on technologies to enable projects for energy recovery from municipal and industrial waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics to create synthesis gas (syngas) for power generation, or high-quality hydrogen as a fuel for transport. DMG® allows for easy, economical, deployment and scaling of an environmentally sound solution to the growing challenges of waste eradication, landfill diversion, electrical demand, and distributed hydrogen production.

PowerHouse is quoted on the London Stock Exchange's AIM Market and is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.net