Powerhouse Energy
Group plc
("Powerhouse" or
the "Company")
29 December
2020
Dealing by
PDMR
Powerhouse Energy Group plc (AIM: PHE), the UK technology
company commercialising hydrogen production from waste
plastic, announces that Chris
Vanezis, Chief Financial Officer and a PDMR of the Company,
who received some of his fees for services provided between 2018
and 2020 in Ordinary Shares in lieu of cash, sold 4,103,688
ordinary shares of 0.5p each in the Company (“Ordinary
Shares”).
Further to these transactions, Mr Vanezis holds 26,372,990
Ordinary Shares, which represents 0.71% 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 |
Chris Vanezis |
| 2 |
Reason
for the notification |
| a) |
Position/status |
PDMR |
| 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 sale |
| c) |
Price(s) and volume(s) |
| Price(s) |
Volume(s) |
| 6.73p |
4,103,688 |
|
| d) |
Aggregated
information
- Aggregated
volume
- Price |
4,103,688 ordinary shares
£276,191.50 |
| e) |
Date of the transaction |
23-24 December 2020 |
| f) |
Place of the transaction |
London Stock Exchange |
-ENDS-
For more information, contact:
Powerhouse Energy
Group plc
Tim Yeo, Executive Chairman |
Tel: +44 (0) 203 368
6399 |
WH Ireland Limited
(Nominated Adviser)
James Joyce/Lydia Zychowska |
Tel: +44 (0) 207 220
1666 |
Turner Pope
Investments Ltd (Joint Broker)
Andrew Thacker/Zoe Alexander |
Tel: +44 (0) 203 657
0050 |
SistersmithPR
(Media enquiries)
Becca Smith |
Mob: +447766
522305 |
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.