POWERHOUSE ENERGY GROUP PLC - Director/PDMR Shareholding

POWERHOUSE ENERGY GROUP PLC - Director/PDMR Shareholding

PR Newswire

London, December 4

Powerhouse Energy Group plc
("Powerhouse" or the "Company")

4 December 2020

Director's Dealing

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

a)

Name

Tim Yeo

2

Reason for the notification

a)

Position/status

Executive Chairman

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

b)

LEI

213800MY7XIYS2BSC163

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

Identification code

Ordinary Shares of 0.5p each



GB00B4WQVY43

b)

Nature of the transaction

Share purchase

c)

Price(s) and volume(s)

Price(s)	Volume(s)
2.85p 2.85p	605,263 1,521,228

d)

Aggregated information
- Aggregated volume
- Price

2,126,491 ordinary shares
£60,605

e)

Date of the transaction

13 November 2020

f)

Place of the transaction

Off market

-ENDS-

For more information, contact:

Powerhouse Energy Group plc	Tel: [phone]
Tim Yeo, Executive Chairman
WH Ireland Limited (Nominated Adviser)	Tel: [phone]
James Joyce/Lydia Zychowska
Turner Pope Investments Ltd (Joint Broker)	Tel: [phone]
Andrew Thacker/Zoe Alexander
Ikon Associates (Media enquiries)	Tel: [phone]
Adrian Shaw	Mob: [phone]

SistersmithPR (Media enquiries)

Becca Smith Mob: [phone]

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