Powerhouse Enrgy Grp Issue of Equity
31 August 2017 - 11:00PM
UK Regulatory
TIDMPHE
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
Issue of Equity
The Company announces the issue of 13,263,158 ordinary shares of 0.5p each in
the Company ("Ordinary Shares") to service providers for settlement of fees, of
which 8,000,000 are being issued at 1p per Ordinary Share and 5,263,158 are
being issued at 0.76p per Ordinary Share in accordance with the terms of the
relevant service agreements.
Application is being made for the admission of 13,263,158 new Ordinary Shares
to trading on AIM and it is expected that this will occur on or around 6
September 2017. These shares will rank pari passu in all respects with the
Company's existing issued Ordinary Shares.
Subsequent to the issue of the New Ordinary Shares, the Company will have
1,136,872,014 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
Turner Pope Investments Ltd (Joint Broker)
Ben Turner / James Pope Tel: +44 (0) 203 621 4120
Smaller Company Capital Limited (Joint
Broker)
Jeremy Woodgate Tel: +44 (0) 203 651 2910
Allerton Communications (Media Relations)
Peter Curtain Tel: +44 (0) 203 137 2500
peter.curtain@allertoncomms.co.uk
About PowerHouse Energy
PowerHouse Energy Group plc is the developer of the G3-UHt Ultra High
Temperature Gasification Waste-to-Energy unit, and the creator of Distributed
Modular Gasification© which allows for the elimination of waste, the generation
of distributed electricity, and the production of distributed hydrogen.
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 syngas for power generation, or
high-quality hydrogen for transportation.
Distributed Modular Gasification© allows for easy, economical, deployment and
scaling of an environmentally sound solution to the growing challenges of waste
elimination, electricity demand, and distributed hydrogen production.
Distributed Modular Gasification and DMG are copyrights of PowerHouse Energy
Group plc.
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 . PowerHouse may also be
followed on Vox Markets at www.voxmarkets.co.uk/company/PHE.
END
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