REG - Powerhouse Energy Gp - Exercise of Warrants

Powerhouse EnergyAnnouncement

07/06/2024 13:30

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RNS Number : 6648R  Powerhouse Energy Group PLC  07 June 2024

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.

 

 For more information, contact:

 Powerhouse Energy Group plc                                +44 (0) 203 368 6399

 Paul Emmitt

 Strand Hanson Limited (Nominated & Financial Adviser)      +44 (0) 207 409 3494

 Ritchie Balmer

 Rob Patrick

 James Harris

 Turner Pope Investments (TPI) Ltd (Broker)                 +44 (0) 203 657 0050

 Andrew Thacker

 James Pope

 Tavistock (Financial PR)                                   powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Simon Hudson

 Nick Elwes

 Saskia Sizen

 

 

 

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 (http://www.phegroup.com)

 

 

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