POWERHOUSE ENERGY GROUP PLC - Director/PDMR Shareholding
London, March 28
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
29 March 2021
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that Mark Berry, non-executive director of the Company, acquired 356,071 ordinary shares of 0.5p each in the Company ("Ordinary Shares") on 4 February 2021.
Further to this transaction, Mr Berry is beneficially interested in 356,071 Ordinary Shares held in his self-invested personal pension, which represents 0.01% 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
356,071 ordinary shares
|e)||Date of the transaction||4 February 2021|
|f)||Place of the transaction||London Stock Exchange|
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|
|SisterSmith PR (media enquiries)|
Mob: +44 (0) 7766522305
Notes for editors:
About Powerhouse Energy Group plc
Powerhouse, the sustainable hydrogen company, 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 GBP500,000 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