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Oversubscribed Retail Offer and TVR
Powerhouse Energy Group plc announced that its Retail Offer, which closed today, was oversubscribed, raising its target of £150,000 and bringing the total raised from the Placing and Retail Offer to £650,000. Admission of 250,000,000 Placing Shares and 75,000,000 Retail Offer Shares to AIM is expected on or around June 5, 2026, at which point the total number of ordinary shares in issue will be 5,121,654,741. In connection with the fundraising, Turner Pope will receive 32.5 million share purchase warrants with an exercise price of 0.2 pence, expiring three years from Admission. Disclaimer*
About this update from Powerhouse Energy Group Plc
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF POWERHOUSE ENERGY GROUP PLC. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. Unless otherwise defined, definitions contained in this announcement have the same meanings as set out in the Company's announcements dated 29 May 2026 and 1 June 2026. 2 June 2026 Powerhouse Energy Group plc ("Powerhouse" or the "Company") Oversubscribed Retail Offer and TVR Powerhouse Energy Group plc (AIM: PHE), a UK company pioneering integrated technology that converts non-recyclable waste into low carbon energy with its revenue generating engineering consulting subsidiary ("Engsolve"), announces that the Retail Offer, announced on 1 June 2026 and which closed at 12:00 p.m. today, was oversubscribed and raised the Company's target of £150,000, before expenses. As a result, the Company has raised a total of £650,000 pursuant to the Placing and Retail Offer. Admission, Total Voting Rights and Issue of Warrants Application has been made to the London Stock Exchange for the admission of the 250,000,000 Placing Shares and the 75,000,000 Retail Offer Shares to tradin...
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