REG - Powerhouse Energy Gp - Oversubscribed Retail Offer

Powerhouse EnergyAnnouncement

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RNS Number : 9216B  Powerhouse Energy Group PLC  27 April 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. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF
THIS ANNOUNCEMENT.

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 ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE
INFORMATION.

 

27 April 2026

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Oversubscribed Retail Offer

and

Posting of Notice of General Meeting

 

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 23 April 2026 and which closed at 16:30 pm
on 24 April 2026, was oversubscribed and raised the Company's target of
£250,000, before expenses.

Accordingly, subject to the passing of Resolution 2 at the forthcoming General
Meeting (12.00 pm on 14 May 2026), the Retail Offer will result in the issue
of a total of 125 million Retail Offer Shares at the Issue Price of 0.2 pence
per share. As a result, the Company has raised a total of £650,000 pursuant
to the Placing and Retail Offer, conditional on the passing of Resolution 2 at
the General Meeting.

As previously announced, completion of the Placing provided the Company with a
cash runway, to undertake planned activities, until the end of the year.
Completion of the Retail Offer now extends this well into Q1 2027.

Notice of General Meeting and posting of Circular

The Circular and Notice of General Meeting are available on the Company's
website and are being posted to shareholders today.

Admission and Total Voting Rights and issue of Warrants

Assuming Resolution 2 is passed, application will be made to the London Stock
Exchange for admission of the New Ordinary Shares, the Placing Shares and the
Retail Offer Shares to trading on AIM. It is expected that Admission will
become effective and dealings in the New Ordinary Shares, the Placing Shares
and the Retail Offer Shares will commence on AIM at 8.00 a.m. on or around 18
May 2026 ("Admission").

The Placing Shares and Retail Offer Shares will be issued fully paid and will
rank pari passu in all respects with the Company's other New Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 4,796,654,741, 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 3 years from Admission.

 

Paul Emmitt, Powerhouse CEO, commented:

 

"We are delighted with the take up that we have seen through the
oversubscribed Retail Offer and would like to thank all those investors who
took part for their conditional commitments.  The Board believe that the
Capital Reorganisation, to facilitate, inter alia, completion of the Placing
and the Retail Offer to be in the best interests of the Company and recommend
that investors vote in favour of the Resolutions to be proposed at the General
Meeting, as the Board intend to do in respect of their aggregate beneficial
holdings."

 

Unless otherwise defined, definitions contained in this Announcement have the
same meaning as set out in the announcement made by the Company on 23 April
2026.

 

 

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

 

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

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

 Turner Pope Investments (TPI) Limited (Placing Agent)                       +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

 

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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