Dealing by PDMR
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that Chris Vanezis, Chief Financial Officer and a PDMR of the Company, who received some of his fees for services provided between 2018 and 2020 in Ordinary Shares in lieu of cash, sold 4,103,688 ordinary shares of 0.5p each in the Company ("Ordinary Shares").
Further to these transactions, Mr Vanezis holds 26,372,990 Ordinary Shares, which represents 0.71% of the Company's issued ordinary share capital.
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§Chris Vanezis
2§Reason for the notification
a)
Position/status PDMR§
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)
LEI213800MY7XIYS2BSC163§
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 Ordinary Shares of 0.5p each
GB00B4WQVY43 b)§Nature of the transaction Share sale
c)§Price(s) and volume(s)
Price(s) Volume(s)§
6.73p 4,103,688§
d)§Aggregated information
- Aggregated volume
- Price
4,103,688 ordinary shares
£276,191.50
e)§Date of the transaction 23-24 December 2020
f)§Place of the transaction London Stock Exchange
-ENDS-
For more information, contact:
Powerhouse Energy Group plc
Tim Yeo, Executive Chairman Tel: +44 (0) 203 368 6399
WH Ireland Limited (Nominated Adviser)
James Joyce/Lydia Zychowska Tel: +44 (0) 207 220 1666
Turner Pope Investments Ltd (Joint Broker)
Andrew Thacker/Zoe Alexander Tel: +44 (0) 203 657 0050
SistersmithPR (Media enquiries)
Becca Smith Mob: +447766 522305