REG - Powerhouse Energy Gp - Award of share options
25/10/2024 16:15
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RNS Number : 7435J Powerhouse Energy Group PLC 25 October 2024
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INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR
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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 +44 (0) 203 368 6399
Paul Emmitt, CEO
Strand Hanson Limited (Nominated & Financial Adviser) +44 (0) 207 409 3494
Ritchie Balmer / James Harris / Rob Patrick
SP Angel Corporate Finance LLP (Broker) +44 (0) 20 3470 0470
Stuart Gledhill / Adam Cowl
Tavistock (Financial PR) +44 (0) 207 920 3150
Simon Hudson / Nick Elwes / Saskia Sizen powerhouse@tavistock.co.uk (mailto: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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
e) Date of the transaction 24 October 2024
f) Place of the transaction Outside a trading venue
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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
e) Date of the transaction 24 October 2024
f) Place of the transaction Outside a trading venue
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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
e) Date of the transaction 24 October 2024
f) Place of the transaction Outside a trading venue
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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
e) Date of the transaction 24 October 2024
f) Place of the transaction Outside a trading venue
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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
e) Date of the transaction 24 October 2024
f) Place of the transaction Outside a trading venue
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 Options over Ordinary Shares of 0.5p each
Identification code
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 Single transaction as in 4c) above
- Price
e) Date of the transaction 24 October 2024
f) Place of the transaction Outside a trading venue
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
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