REG - Powerhouse Enrgy Grp - Appointment of Interim Non-executive Chairman

Powerhouse EnergyAnnouncement

27/06/2022 07:00

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RNS Number : 2092Q  Powerhouse Energy Group PLC  27 June 2022

27 June 2022

 

 

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

 

 

Appointment of Interim Non-executive Chairman

 

 

Further to the announcement made on 9 June 2022, Powerhouse Energy Group plc
(AIM: PHE), the UK technology company commercialising hydrogen production from
plastic, confirms the appointment of Keith Riley as Interim Chairman.

 

Keith Riley is currently a Non-executive Director on the Board and will assume
responsibilities as Interim Non-executive Chairman with immediate effect. He
is currently proprietor and Chief Executive Officer of Vismundi Limited, a
consultancy company providing services to the resources and waste management
industry. Prior to that, between 1993 and 2012 he worked for Veolia
Environmental Services plc in a number of senior roles, including Group
Managing Director for Technology.

 

A recruitment process is currently underway to appoint a permanent chairman.
The Company will update shareholders on this process as appropriate.

 

 

Keith Riley, Interim Chairman, commented:

 

"Powerhouse has done some exceptional work in developing the production of
hydrogen from material that is currently just thrown away, and I look forward
to seeing this effort being implemented soon.  The Company has a strong board
of directors and I look forward to continuing working with them to achieve the
success the Company and its shareholders deserve."

 

 

Paul Drennan-Durose, Chief Executive Officer, commented:

 

"I and the Board would like to thank Keith for agreeing to take this position.
We already work well together, and his experience will be of value to me and
the Company in what we believe will be an important next chapter in the
Company's development."

 

 

 

-ENDS-

 

 

For more information, contact:

 

 Powerhouse Energy Group plc                       via Tavistock

 Paul Drennan-Durose

 WH Ireland Limited (Nominated Adviser)            +44 (0) 207 220 1666

 James Joyce

 Megan Liddell

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

 Andrew Thacker

 James Pope

 Tavistock (Financial PR)                          powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Simon Hudson

 Nick Elwes

 Heather Armstrong

 Charlie Baister

Notes to Editors:

 

About Powerhouse Energy Group plc

 

Powerhouse Energy has developed a proprietary process technology - DMG® -
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, and other
industrial products may be derived. Powerhouse's technology is one of the
world's first proven, distributed, modular, hydrogen from waste process.

 

Powerhouse'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 is quoted on the London Stock Exchange's AIM Market under the
ticker: PHE and is incorporated in the United Kingdom.

 

For more information see www.powerhouseenergy.co.uk
(http://www.powerhouseenergy.co.uk)

 

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