POWERHOUSE ENERGY GROUP PLC - Clarification regarding holding in company
Clarification regarding Holding in Company
(AIM: PHE), the technology company commercialising hydrogen production from waste plastic, was previously notified that held 98,800,000 ordinary shares of 0.5p each in the Company (“Ordinary Shares”) and on this holding was reduced to 60,000,000 Ordinary Shares and on was further reduced to zero shares when 60,000,000 Ordinary Shares were transferred to .
Subsequent to these notifications, announced on , the Company was notified on that was always the beneficial owner of these Ordinary Shares. His current holding in the Company is 65,000,000 which represents 3.15% of the Company current issued ordinary share capital and voting rights.
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PowerHouse has developed a proprietary process technology - DMG® - which can utilise waste, unrecycleable plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into syngas from which valuable products such as hydrogen, chemical precursors, electricity and other industrial products may be derived. The PowerHouse technology is one of the world’s first proven, modular, hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate up to 2 tonnes of road-fuel quality H2, and more than 58MWh of exportable electricity per day.
The PowerHouse 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 AIM Market under the ticker: PHE, and is incorporated in the .
For more information seewww.powerhouseenergy.net
Tel: +44 (0) 203 368 6399 , Chief Executive Officer (Nominated Adviser) Tel: +44 (0) 207 220 1666 / Lydia Zychowska (Joint Broker) Tel: +44 (0) 203 657 0050 / (Media enquiries) Tel: +44 (0) 1483 271291 Mob: +44 (0) 7979 900733
PowerHouse Energy Group plc WH Ireland Limited Turner Pope Investments Ltd Ikon Associates David Ryan James Joyce Andrew Thacker Zoe Alexander Adrian Shaw
Quick facts: Powerhouse Energy Group PLC
Market Cap: £83.11 m
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