PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
Shares in
issue
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic and used
tyres, announces that it has issued 20,000,000 ordinary shares of
0.5p each (“Ordinary Shares”) (“the Subscription Shares”) to a
private investor as described in the announcement of 7 July 2018 and which was contingent on the
passing of a resolution to increase the Company’s authorised share
capital at its Annual General Meeting on 27
July 2018. The resolution was duly passed and the
Subscription Shares were admitted to trading on AIM on 3 August 2018.
Subsequent to this issue of Subscription Shares, the Company has
1,669,260,030 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
Tel:
+44 (0) 203 368 6399
Keith Allaun, Chief Executive
Officer
WH Ireland Limited (Nominated Adviser)
Tel: +44 (0) 207 220 1666
James Joyce / Chris Viggor
Turner Pope Investments Ltd (Joint Broker)
Tel: +44 (0) 203 621 4120
Ben Turner / James Pope
Ikon Associates(Media
enquiries)
Tel: +44 (0) 1483 271291
Adrian Shaw
Mob: +44 (0)
7979 900733
About PowerHouse Energy
PowerHouse Energy has developed a proprietary process technology
called DMG® which can use waste plastic end-of-life-tyres and other
waste streams to convert them into cost efficient energy in the
form of electricity and ultra clean hydrogen gas fuel for use in
cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles)
and other industrial uses. The PowerHouse technology is the world’s
first proven, modular hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate in excess of 1 tonne of
road-fuel quality H2, and in excess of 28MW/h of exportable
electricity.
The PHE 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.
The Company is incorporated in the United Kingdom.
For more information see www.powerhouseenergy.net