REG - Powerhouse Energy Gp - Oversubscribed Retail Offer and TVR

Powerhouse EnergyAnnouncement

02/06/2026 17:00

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RNS Number : 7186G  Powerhouse Energy Group PLC  02 June 2026

 

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

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. ANY INVESTMENT OR INVESTMENT ACTIVITY TO
WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE
ENGAGED IN ONLY WITH 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.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

Unless otherwise defined, definitions contained in this announcement have the
same meanings as set out in the Company's announcements dated 29 May 2026 and
1 June 2026.

2 June 2026

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Oversubscribed Retail Offer and TVR

Powerhouse Energy Group plc (AIM: PHE), a UK company pioneering integrated
technology that converts non-recyclable waste into low carbon energy with its
revenue generating engineering consulting subsidiary ("Engsolve"), announces
that the Retail Offer, announced on 1 June 2026 and which closed at 12:00 p.m.
today, was oversubscribed and raised the Company's target of £150,000, before
expenses. As a result, the Company has raised a total of £650,000 pursuant to
the Placing and Retail Offer.

Admission, Total Voting Rights and Issue of Warrants

Application has been made to the London Stock Exchange for the admission of
the 250,000,000 Placing Shares and the 75,000,000 Retail Offer Shares to
trading on AIM ("Admission"). It is expected that Admission will become
effective and dealings commence on AIM at 8.00 a.m. on or around 5 June 2026.

The Placing Shares and Retail Offer Shares will be issued fully paid and will
rank pari passu with the Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 5,121,654,741, all with voting rights. This figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the Company's share capital pursuant to the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

In connection with the Placing and Retail Offer, Turner Pope will be issued
32.5 million share purchase warrants, with an exercise price of 0.2 pence, and
an expiry term of three years from Admission.

Paul Emmitt, Powerhouse CEO, commented:

"We would like to thank all those investors who have taken part in this
oversubscribed retail offer and were delighted with the support that we
received during the process. The funds raised, along with those of the recent
placing, will help us further drive forward our business delivering on our
strategy and projects.

"Again, I would like to welcome all our new shareholders and thank them for
their support and look forward to providing further updates in due course."

For more information, please visit www.phegroup.com (http://www.phegroup.com)
or contact:

 Powerhouse Energy Group plc
 Paul Emmitt, CEO                                                 Via Tavistock
 Ben Brier, CFO

 Strand Hanson Limited (Nominated & Financial Adviser)            +44 (0) 207 409 3494
 Ritchie Balmer / Rob Patrick / Edward Foulkes

 Turner Pope Investments (TPI) Ltd (Joint Broker)                 +44 (0) 203 657 0050

 Andrew Thacker / Guy McDougall

 Longspur Capital Limited (Financial Adviser & Joint Broker)      +44 (0) 203 940 6608
 Adam Robertson

 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.

Powerhouse also incorporates Engsolve Ltd, which is a revenue generating
business offering Engineering Services across all sectors, with speciality
services in the development of new technologies and clean energy.

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