Powerhouse Energy Group plc
("Powerhouse" or the "Company")
12 December 2023
Director's Dealing
Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that Ben Brier, Chief Financial Officer of the Company, acquired 3,748,275 ordinary shares of 0.5p each in the Company ("Ordinary Shares") on 8 December 2023 and 2,784,732 Ordinary Shares on 11 December 2023.
Further to this transaction, Mr Brier is beneficially interested in 6,533,007 Ordinary Shares, which represents 0.16% 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 | Ben Brier | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director | ||||
| 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) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
6,533,007 Ordinary Shares £19,999.95
| ||||
| e) | Date of the transaction | 8 December and 11 December 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
-ENDS-
For more information, contact:
| Powerhouse Energy Group plc Paul Emmitt
| +44 (0) 203 368 6399 |
| 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) Simon Hudson Nick Elwes Saskia Sizen | powerhouse@tavistock.co.uk
|
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
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