RNS Number : 7980D
Powerhouse Energy Group PLC
22 May 2012
22 May 2012
PowerHouse Energy Group plc
(the "Company" or "PowerHouse")
Legal Proceedings
The Company has been made aware of a lawsuit filed in the US District Court for the District of Nevada against Powerhouse Energy, Inc. and Powerhouse Energy Group plc by previous employees of the group. The quantum of the claim is significant and relates predominantly to alleged damages. The directors intend to seek legal advice as to the veracity of the claim.
A further announcement will be made in due course.
For additional information please contact:
PowerHouse Energy Group plc
Ross Lyndon-James
+44 (0) 20 7887 1362
Merchant Securities Limited (NOMAD and Broker)
David Worlidge/Simon Clements
+44 (0) 20 7628 2200
This information is provided by RNS
The company news service from the London Stock Exchange