7 June 2024
Powerhouse Energy Group
Plc
("PHE" or the "Company")
Exercise of Warrants, Issue
of Equity and Total Voting Rights
Powerhouse Energy Group
Plc (AIM: PHE), a company pioneering integrated technology
that converts non-recyclable waste into low carbon energy,
announces that, further to its announcement of 6 June 2024, an
administrative error was identified with respect to the warrant
exercise price, as a result of which the Company has amended the
exercise price to 0.5 pence per warrant share. Accordingly, it has
issued 31,240,606 new ordinary shares of 0.5 pence each in the
capital of the Company ("Ordinary Shares") at the exercise price of
0.5 pence per share ("New Shares").
Admission to AIM
Application has been made to London
Stock Exchange plc for the 31,240,606 New Shares to be admitted to
trading on the AIM market of the London Stock Exchange
("Admission"). It is currently anticipated that Admission will
become effective and that dealings in the New Shares will commence
on AIM at 8.00 a.m. on or around 11 June 2024. The New Shares will
rank pari passu with the
existing Ordinary Shares.
Total voting rights
On Admission, the Company will have
4,196,654,741 Ordinary Shares in issue, each with one voting right.
There are no shares held in treasury. Therefore, the Company's
total number of Ordinary Shares in issue and voting rights will be
4,196,654,741 and 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 to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
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For
more information, contact:
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Powerhouse Energy Group plc
Paul Emmitt
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+44 (0) 203 368 6399
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Strand Hanson Limited (Nominated & Financial
Adviser)
Ritchie Balmer
Rob Patrick
James Harris
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+44 (0) 207 409 3494
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Turner Pope Investments (TPI) Ltd (Broker)
Andrew Thacker
James Pope
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+44 (0) 203 657 0050
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Tavistock (Financial PR)
Simon Hudson
Nick Elwes
Saskia Sizen
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powerhouse@tavistock.co.uk
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About Powerhouse Energy Group plc
Powerhouse Energy has developed a
process technology which can utilise waste plastic,
end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable
products such as chemical precursors, hydrogen, electricity, heat
and other industrial products may be derived.
Powerhouse Energy's process produces
low levels of safe residues and requires a small operating
footprint, making it suitable for deployment at enterprise and
community level.
Powerhouse Energy Group also
incorporates Engsolve Ltd, who offer Engineering Services across
all sectors with speciality services in the development of new
technologies and clean energy.
Powerhouse Energy is quoted on the
London Stock Exchange's AIM Market under the ticker: PHE and is
incorporated in England and Wales.
For more information see
www.phegroup.com