Business
Proposed Placing and Retail Offer
Powerhouse Energy Group plc is proposing a placing and retail offer to raise at least £0.5 million through the issue of new ordinary shares at 0.2 pence per share, with the aim of accelerating research and development activities and increasing momentum in its project pipeline. Additionally, a retail offering will be made available to existing shareholders to raise up to a further £150,000. The company also announced the award of share options to board members and the Company Secretary, with an exercise price of 0.23 pence, representing a premium to the issue price. Disclaimer*
About this update from Powerhouse Energy Group Plc
THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED HEREIN (TOGETHER THIS "ANNOUNCEMENT"), IS RESTRICTED AND IS 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. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN APPENDIX I WHICH CONTAINS THE TERMS AND CONDITIONS OF THE PLACING. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK MARKET ABUSE REGULATIONS. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. 29 May 2026 Powerhouse Energy Group plc ("Powerhouse" or the "Company") Proposed Placing and Retail Offer Award of Share Options Powerhouse Energy Group plc (AIM: PHE), a company focused on the conversion of non-recyclable waste into low carbon energy alongside its revenue-generating engineering consultancy division Engsolve, announces its intention to conduct a placing to raise gross proceeds of at least £0.5 million through the issue of new ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") (the "Placing Shares") at a price of 0.2p per share (the "Issue Price") (the "Placing"). The Placing is not available to the public and will be conducted by way of an Accelerated Bookbuild (the "Accelerated Bookbuild") which will open immediately following release of this Announcement in accordance with the terms and conditions set out in Appendix I. The Accelerated Bookbuild is expected to close at around 4.30 p.m. today, although may be closed earlier or later or may be terminated at any time prior to close at the discretion of the Bookrunner and the Company. A further announcement confirming the closing of the Accelerated Bookbuild, and the...
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