POWERHOUSE ENERGY GROUP PLC - Director/PDMR Shareholding
London, December 4
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
4 December 2020
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that Tim Yeo, Chairman of the Company, transferred 605,263 ordinary shares of 0.5p each in the Company ("Ordinary Shares") into his Self-Invested Personal Pension ("SIPP") and a further 1,521,228 Ordinary Shares into his wife's SIPP on 13 November 2020.
Further to these transactions, Mr Yeo's beneficial interest in the Company remains unchanged at 71,871,959 Ordinary Shares, including those held by Mrs Yeo, which represents 1.93% 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|
|2||Reason for the notification|
|b)||Initial notification/ Amendment||Initial notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Powerhouse Energy Group plc|
|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 instrument, type of instrument|
|Ordinary Shares of 0.5p each|
|b)||Nature of the transaction||Share purchase|
|c)||Price(s) and volume(s)|
- Aggregated volume
2,126,491 ordinary shares
|e)||Date of the transaction||13 November 2020|
|f)||Place of the transaction||Off market|
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 Broker)||Tel: +44 (0) 203 657 0050|
|Andrew Thacker/Zoe Alexander|
|Ikon Associates (Media enquiries)||Tel: +44 (0) 1483 271291|
|Adrian Shaw||Mob: +44 (0) 7979 900733|
SistersmithPR (Media enquiries)
Becca Smith Mob: +447766522305
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse 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 £500,000 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