Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that the Company is issuing 6,000,000 ordinary shares of 0.5p each in the Company (“Ordinary Shares”) further to the exercise of options at 0.6p per Ordinary Share.
Application has been made for the admission of 6,000,000 Ordinary Shares to trading on AIM (“Admission”) and it is expected that this will occur on or around 17 April 2021. These shares will rank pari passu in all respects with the Company's existing issued Ordinary Shares.
Subsequent to the issue of Ordinary Shares, the Company will have 3,921,914,135 Ordinary Shares in issue. Powerhouse has no shares in Treasury, therefore this figure may be used by shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. |