30 September 2024
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
Director's Dealing
Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering integrated technology that converts non-recyclable waste into low carbon energy together with a revenue generating engineering consulting division (Engsolve), announces that Paul Emmitt, Chief Executive Officer of the Company, acquired 963,391 ordinary shares of 0.5p each in the Company ("Ordinary Shares") on 27 September 2024.
Further to this transaction, Mr Emmitt is beneficially interested in 4,538,292 Ordinary Shares, which represents 0.11% 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 | Paul Emmitt | ||||
| 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) |
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| d) | Aggregated information - Aggregated volume - Price |
963,391 ordinary shares £10,000
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| e) | Date of the transaction | 27 September 2024 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
-ENDS-
| For more information, contact: | |
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| Powerhouse Energy Group Plc Paul Emmitt, CEO | +44 (0) 203 368 6399 |
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| Strand Hanson Limited (Nominated & Financial Adviser) Ritchie Balmer / James Harris / Rob Patrick | +44 (0) 207 409 3494 |
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| SP Angel Corporate Finance LLP (Broker) Stuart Gledhill / Adam Cowl | +44 (0) 20 3470 0470 |
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| Tavistock (Financial PR) Simon Hudson / Nick Elwes / Saskia Sizen | +44 (0) 207 920 3150 |
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. PHE's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
PHE also incorporates Engsolve Ltd, which is a revenue generating business who offer Engineering Services across all sectors with speciality services in the development of new technologies and clean energy.
For more information see www.phegroup.com
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