14:43 Tue 23 Feb 2016
POWERHOUSE ENERGY GROUP PLC - Issue of Equity
(“” or the “”)PowerHouseCompany
Placing to raise £250,000and total voting rights
PowerHouse is pleased to announce that it has raised £250,000 (gross) through the placing of 35,714,285 ordinary shares of each (“Ordinary Shares”) in the capital of the Company (the “Placing”) at a price of per Ordinary Share.
The new Ordinary Shares pursuant to the Placing will be issued to a number of investors and constitute 7.52% of the enlarged Ordinary Share capital of the Company. The proceeds of the Placing will be used for general working capital purposes. The Placing has been arranged by the Company’s Joint broker, .
Application will be made for the new Ordinary Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will take place on or around .
Total voting rights
Upon Admission, following the issue of the new Ordinary Shares, the Company’s issued share capital will consist of 474,968,608 Ordinary Shares in issue of each with one voting right. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company is 474,968,608.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
For additional information please contact:
+1 352 226 8644/+44 7887 588 941
(Nominated Adviser and Joint Broker)
/ / +44 (0) 20 3328 5656
(Joint Broker)
+44 (0) 20 3651 2910
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE