PowerHouse Energy
Group plc
(“PowerHouse” or the “Company”)
Issue of
Equity
Further to the announcement on 19 January
2017, PowerHouse is pleased to announce that it has received
£250,000 pursuant to the agreement with Yady Worldwide S.A.
(“Yady”), and accordingly will issue Yady with 35,714,285 ordinary
shares of 0.5p each in the Company ("Ordinary Shares").
Application is being made for the admission of the 35,714,285
new Ordinary Shares to trading on AIM and it is expected that this
will occur on or around 3 February
2017. These shares will rank pari passu in all
respects with the Company's existing issued Ordinary Shares.
Subsequent to the issuance of the New Ordinary Shares, the
Company will have 643,648,821 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
plc
Keith Allaun, Executive Chairman |
Tel: +44 (0) 203 368 6399 |
WH Ireland Limited (Nominated
Adviser)
James Joyce / James Bavister |
Tel: +44 (0) 207 220 1666 |
Vicarage Capital Limited
(Broker)
Jeremy Woodgate |
Tel: +44 (0) 203 651 2910 |
IFC Advisory (Financial PR &
IR)
Tim Metcalfe / Graham Herring / Heather Armstrong / Miles
Nolan |
Tel: +44 (0) 203 053 8671 |
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About PowerHouse
PowerHouse is the holding company of the G3-UHt System Ultra
High Temperature Gasification waste to energy systems.
The Company is focussed on technologies to enable energy
recovery from municipal 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
syngas for power generation, high-quality hydrogen, or potentially
reformed into liquid fuels for transportation. These waste to
energy systems aim to provide the “best solution” to the
on-site energy market.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the United
Kingdom.
For more information see www.powerhouseenenergy.net