Powerhouse Energy Group PLC Change of directorate (4832L)
06 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMPHE
RNS Number : 4832L
Powerhouse Energy Group PLC
06 September 2023
6 September 2023
Powerhouse Energy Group Plc
(the "Company" or "PHE")
Change of directorate
Powerhouse Energy Group Plc (AIM: PHE), a company pioneering
integrated technology that converts non-recyclable waste into low
carbon energy, announces that, for personal reasons with immediate
effect, Keith Riley has stepped down as Acting Chief Executive
Officer and as a director of the Company.
Paul Emmitt, the Company's Chief Operating Officer, has agreed
to become Acting Chief Executive Officer and it has also been
agreed in principle that Mr Riley will continue his relationship
with the Company as a consultant. This will enable an orderly
handover of Mr Riley's responsibilities through the appointment
process for Powerhouse's new CEO and will enable the Company to
continue to have access to Mr Riley's knowledge of the Company's
business. A further announcement will be made in due course as the
process progresses.
Tony Gardner-Hillman, Non-Executive Chairman of PHE,
commented:
" On behalf of the whole board I thank Keith warmly for his
tireless work for Powerhouse. We respect Keith's decision, after so
many years of devoting himself to business, to shift his focus.
Under his full-time leadership as Acting CEO the Company has made
considerable progress and the foundations of a sustainable and
prosperous future have been laid. We are very pleased that Keith
will remain with us as a consultant so that we retain access to his
immense knowledge of the Company and its business sector."
Mr Riley will not be standing for re-election at the Company's
Annual General Meeting on 7 September 2023. The resolution for his
re-election will be withdrawn.
For more information, contact:
Powerhouse Energy Group plc
Antony Gardner-Hillman +44 ( 0) 7733 146326
WH Ireland Limited (Nominated Adviser)
James Joyce
James Bavister +44 (0) 207 220 1666
Turner Pope Investments (TPI) Ltd
(Joint Broker)
Andrew Thacker
James Pope +44 (0) 203 657 0050
Tavistock (Financial PR) powerhouse@tavistock.co.uk
Simon Hudson
Nick Elwes
Heather Armstrong
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
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 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.powerhouseenergy.co.uk
END
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END
BOAUVSKROUUKRAR
(END) Dow Jones Newswires
September 06, 2023 02:00 ET (06:00 GMT)
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