Business
Issue of Equity and Director's Dealings
Issue of Equity and Director's Dealings.
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n \n Powerhouse Energy Group plc\n (\"Powerhouse\" or the \"Company\")\n Issue of Equity and Director’s Dealings\n Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that further to the announcement of 16 February 2021, the Company is issuing 1,600,000 ordinary shares of 0.5p each in the Company (“Ordinary Shares”) further to the exercise of options at 0.75p per Ordinary Share by non-executive director, James Greenstreet.\n Application has been made for the admission of 1,600,000 Ordinary Shares to trading on AIM (“Admission”) and it is expected that this will occur on or around 24 February 2021. These shares will rank pari passu in all respects with the Company's existing issued Ordinary Shares. \n Subsequent to the issue of Ordinary Shares, the Company will have 3,909,414,135 Ordinary Shares in issue. Powerhouse has no shares in Treasury, therefore this figure may be used by shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n Further to these transactions, Mr Greenstreet is beneficially interested in 2,440,000 Ordinary Shares, of which 840,000 are held by Mrs Greenstreet, which represents 0.06% of the Company’s issued ordinary share capital.\n NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\n \n \n \n 1\n \n \n Details of the person discharging managerial responsibilities/person closely associated\n \n \n \n a)\n Name\n James Greenstreet\n \n \n \n 2\n \n \n Reason for the notification\n \n \n \n a)\n Position/status\n Non-Executive Director\n \n \n b)\n Initial notification/ Amendment\n Initial notification\n \n \n \n 3\n \n \n Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n \n \n \n a)\n Name\n Powerhouse Energy Group plc\n \n \n b)\n LEI\n 213800MY7XIYS2BSC163\n \n \n \n 4\n \n \n 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 transa...