REG - Powerhouse Energy Gp - Results of Placing and TVR

Powerhouse EnergyAnnouncement

01/06/2026 07:00

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RNS Number : 3343G  Powerhouse Energy Group PLC  01 June 2026

 

 

 

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UNLAWFUL.

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.

 

1 June 2026

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

 
 
 

Results of Placing and TVR

 

Powerhouse Energy Group plc (AIM: PHE), a company focused on the conversion of
non-recyclable waste into low carbon energy alongside its revenue-generating
engineering consultancy division Engsolve, is pleased to announce that,
further to the Company's announcement of 29 May 2026 (the "Launch
Announcement"), the Company has raised gross proceeds of £0.5 million through
the issue of 250,000,000 new ordinary shares of 0.01p each in the capital of
the Company ("Ordinary Shares") (the "Placing Shares") at a price of 0.2p per
share (the "Issue Price") (the "Placing").

 

The net proceeds of the Placing are expected to provide the Company with a
cash runway to undertake planned activities for approximately the next 12
months.

 

Paul Emmitt, Powerhouse's CEO, commented:

"These funds will allow us to further accelerate the delivery of our key
projects whilst also enabling us to progress the initiatives that we are
undertaking and to further evaluate the numerous opportunities that we are
continuing to see; progressing them from opportunities to real projects for
the Company."

"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."

 

Turner Pope Investments (TPI) Ltd ("Turner Pope") acted as sole bookrunner and
sole broker in respect of the Placing.

 

Capitalised terms used in this announcement but not otherwise defined shall
have the meanings ascribed to such terms in the Launch Announcement.

 

Admission and total voting rights

 

Application will be made to the London Stock Exchange for the admission of the
Placing Shares to trading on AIM ("Admission"). It is expected that Admission
will become effective and dealings in such Ordinary Shares will commence at
8.00 a.m. on or around 5 June 2026. The Placing Shares will be issued fully
paid and will rank pari passu in all respects with the Company's Existing
Ordinary Shares.

 

Admission is conditional upon, among other things, the Placing Agreement not
having been terminated and becoming unconditional in all respects.

 

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 5,046,654,741, 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.

 

Retail Offering

 

As noted in the Launch Announcement, Powerhouse is making available the Retail
Offering to its current shareholders of up to 75,000,000 new Ordinary Shares
on the same terms as the Placing. A separate announcement in respect of the
Retail Offering is expected to be released by the Company shortly.

 

For more information, 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

www.powerhouseenergy.co.uk

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.  Powerhouse
Energy is quoted on AIM with the ticker: PHE

 

 

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