Business
Retail Offer through the BookBuild platform
Powerhouse Energy Group PLC is launching a retail offer of up to 75 million ordinary shares at 0.2 pence per share, aiming to raise £150,000. This offer, alongside a separate placing to raise £500,000, will fund accelerated research and development, progress planning for the Ballymena project, and bolster working capital. The retail offer is conditional on the placing's completion and is expected to be admitted to trading on AIM around June 5, 2026. The offer is open to eligible UK retail investors with a minimum subscription of £100. Disclaimer*
About this update from Powerhouse Energy Group Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. 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 (WHICH INCLUDES AN EXISTING MEMBER OF POWERHOUSE ENERGY GROUP PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY 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. 1 June 2026 POWERHOUSE ENERGY GROUP PLC ("Powerhouse" or the "Company") Retail Offer through the BookBuild platform The Board of Powerhouse is pleased to announce a retail offer via BookBuild (the "Retail Offer") of up to 75 million ordinary shares of 0.01p each ("Ordinary Shares") in the capital of the Company (the "Retail Offer Shares") at an issue price of 0.2 pence per New Ordinary Share (as defined below) (the "Issue Price"), designed to raise up to £150,000. The Company has separately announced a conditional placing to raise £500,000 through the issue of 250 million shares (the "Placing Shares") to new and existing institutional and other investors at the Issue Pirce (together with the Retail Offer Shares, the "New Ordinary Shares") at the Issue Price (the "Placing" and together with the Retail Offer, the "Issue"). A separate announcement has been made regarding the Placing and its terms. For the avoidance of doubt, the Retail Offer is not part of the Placing. Use of Proceeds The Directors are undertaking the Placing and Retail Offer to facilitate an acceleration in the Research and Development activities of the Compan...
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