Powerhouse Enrgy Grp Director/PDMR Shareholding
26 February 2021 - 1:56AM
UK Regulatory
TIDMPHE
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
25 February 2021
Director's Dealing
Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, announces that James
Greenstreet, non-executive director of the Company, sold 1,600,000 ordinary
shares of 0.5p each in the Company ("Ordinary Shares") on 24 February 2021 in
order to pay for tax liabilities arising from a future planned exercise of
options.
Further to these transactions, Mr Greenstreet remains beneficially interested
in 840,000 Ordinary Shares, which represents 0.02% 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 James Greenstreet
2 Reason for the notification
a) Position/status Non-Executive Director
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 sale
c) Price(s) and volume(s) Price(s) Volume(s)
7.026p 1,600,000
d) Aggregated information
- Aggregated volume 1,600,000 ordinary shares
- Price £112,420.00
e) Date of the transaction 24 February 2021
f) Place of the transaction London Stock Exchange
-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 Tel: +44 (0) 203 657
Broker) 0050
Andrew Thacker
SisterSmith PR (media enquiries)
Becca Smith Mob: +44 (0) 7766522305
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse, the sustainable hydrogen company, 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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