Powerhouse Enrgy Grp Director/PDMR Shareholding
04 December 2020 - 9:00PM
UK Regulatory
TIDMPHE
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
4 December 2020
Director's Dealing
Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, announces that Tim Yeo,
Chairman of the Company, transferred 605,263 ordinary shares of 0.5p each in
the Company ("Ordinary Shares") into his Self-Invested Personal Pension
("SIPP") and a further 1,521,228 Ordinary Shares into his wife's SIPP on 13
November 2020.
Further to these transactions, Mr Yeo's beneficial interest in the Company
remains unchanged at 71,871,959 Ordinary Shares, including those held by Mrs
Yeo, which represents 1.93% of the Company's issued ordinary share capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Tim Yeo
2 Reason for the notification
a) Position/status Executive Chairman
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Powerhouse Energy Group plc
b) LEI 213800MY7XIYS2BSC163
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial Ordinary Shares of 0.5p each
instrument, type of instrument
Identification code
GB00B4WQVY43
b) Nature of the transaction Share purchase
c) Price(s) and volume(s) Price(s) Volume(s)
2.85p 605,263
2.85p 1,521,228
d) Aggregated information
- Aggregated volume 2,126,491 ordinary shares
- Price GBP60,605
e) Date of the transaction 13 November 2020
f) Place of the transaction Off market
-ENDS-
For more information, contact:
Powerhouse Energy Group plc Tel: +44 (0) 203 368 6399
Tim Yeo, Executive Chairman
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce/Lydia Zychowska
Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 657 0050
Andrew Thacker/Zoe Alexander
Ikon Associates (Media enquiries) Tel: +44 (0) 1483 271291
Adrian Shaw Mob: +44 (0) 7979 900733
SistersmithPR (Media enquiries)
Becca Smith
Mob: +447766522305
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology - DMG® - which can
utilise waste plastic, end-of-life-tyres, and other waste streams to
efficiently and economically convert them into syngas from which valuable
products such as chemical precursors, hydrogen, electricity and other
industrial products may be derived. Powerhouse's technology is one of the
world's first proven, distributed, modular, hydrogen from waste (HfW) process.
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality
hydrogen and more than 58MWh of exportable electricity per day.
Powerhouse's process produces low levels of safe residues and requires a small
operating footprint, making it suitable for deployment at enterprise and
community level. As announced on 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of GBP500,000 in respect of each project which is commissioned.
Powerhouse is quoted on the London Stock Exchange's AIM Market under the
ticker: PHE and is incorporated in the United Kingdom.
For more information see www.powerhouseenergy.net
END
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