NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
25 October 2024
Powerhouse Energy Group
Plc
(the "Company" or "PHE")
Award of share
options
Powerhouse Energy Group
Plc (AIM: PHE), a company pioneering
integrated technology that converts non-recyclable waste into low
carbon energy together with a revenue generating engineering
consulting division (Engsolve), is pleased
to announce that
the Remuneration Committee agreed yesterday to grant the following
share options, under a share option scheme to be documented over
the coming weeks to members of the Board and the Company
Secretary.
The new share options have an
exercise price of 1.10p, being equal to the closing mid-market
price of an Ordinary Share yesterday, and a premium of 4.8% to the
30 day VWAP of 1.05p, as at the close of business on 23 October
2024. The options will be structured to vest from 1 May 2025
and will lapse on the fifth anniversary of the date of
grant.
Directors and PDMRs included in the
award are detailed in the table below:
|
Director / PDMR
|
Current options held
|
New
options awarded
|
Total options held
|
|
David Hitchcock -
Chairman
|
0
|
15,000,000
|
15,000,000
|
|
Paul Emmitt, CEO
|
0
|
50,000,000
|
50,000,000
|
|
Ben Brier, CFO
|
0
|
40,000,000
|
40,000,000
|
|
Anthony Gale, Non Executive
Director
|
0
|
12,000,000
|
12,000,000
|
|
Hugh McAlister, Non Executive
Director
|
0
|
12,000,000
|
12,000,000
|
|
Karol Kacprzak, Non Executive
Director
|
0
|
12,000,000
|
12,000,000
|
|
Rose Herbert, Company
Secretary
|
0
|
12,000,000
|
12,000,000
|
|
Total
|
|
153,000,000
|
|
|
For
more information, contact:
|
|
|
|
|
|
Powerhouse Energy Group Plc
Paul Emmitt, CEO
|
+44 (0) 203 368 6399
|
|
|
|
|
Strand Hanson Limited (Nominated & Financial
Adviser)
Ritchie Balmer / James Harris / Rob
Patrick
|
+44 (0) 207 409 3494
|
|
|
|
|
SP
Angel Corporate Finance LLP (Broker)
Stuart Gledhill / Adam
Cowl
|
+44 (0) 20 3470 0470
|
|
|
|
|
Tavistock (Financial PR)
Simon Hudson / Nick Elwes / Saskia
Sizen
|
+44 (0) 207 920 3150
powerhouse@tavistock.co.uk
|
About Powerhouse Energy Group plc
Powerhouse Energy has developed a
process technology which can utilise waste plastic,
end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable
products such as chemical precursors, hydrogen, electricity, heat
and other industrial products may be derived. PHE's process
produces low levels of safe residues and requires a small operating
footprint, making it suitable for deployment at enterprise and
community level.
PHE also incorporates Engsolve Ltd,
which is a revenue generating business who offer Engineering
Services across all sectors with speciality services in the
development of new technologies and clean energy.
For more information see
www.phegroup.com
The notifications set out below is
provided in accordance with the requirements of the EU Market Abuse
Regulation.
NOTIFICATION AND PUBLIC DISCLOSURE OF
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND
PERSONS CLOSELY ASSOCIATED WITH THEM
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
David Hitchcock
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Options granted under the 2024 Share Option
Scheme
|
|
c)
|
Price(s) and volume(s)
|
|
Exercise
Price(s)
|
Volume(s)
|
|
1.1p
|
15,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Paul Emmitt
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Executive Director
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.1p
|
50,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Ben Brier
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Executive Director
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.1p
|
40,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Anthony Gale
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.1p
|
12,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Hugh McAlister
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.1p
|
12,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Karol Kacprzak
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.1p
|
12,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Rose Herbert
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Company Secretary
|
|
b)
|
Initial notification/ Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Powerhouse Energy Group plc
|
|
b)
|
LEI
|
213800MY7XIYS2BSC163
|
|
4
|
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 transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Options over Ordinary Shares of 0.5p
each
GB00B4WQVY43
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.1p
|
12,000,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
Single transaction as in 4c) above
|
|
e)
|
Date of the transaction
|
24 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
END