REG-Powerhouse Enrgy Grp: Dealing by PDMR

Powerhouse EnergyAnnouncement

29/12/2020 07:00

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

29 December 2020

Dealing by PDMR

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, announces that Chris
Vanezis, Chief Financial Officer and a PDMR of the Company, who received some
of his fees for services provided between 2018 and 2020 in Ordinary Shares in
lieu of cash, sold 4,103,688 ordinary shares of 0.5p each in the Company
(“Ordinary Shares”). 

Further to these transactions, Mr Vanezis holds 26,372,990 Ordinary Shares,
which represents 0.71% of the Company’s issued ordinary share capital.

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                                                                                               Chris Vanezis                                                                                      
 2         Reason for the notification                                                                                                                                                                           
 a)        Position/status                                                                                    PDMR                                                                                               
 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                   Ordinary Shares of 0.5p each    GB00B4WQVY43                                                       
 b)        Nature of the transaction                                                                          Share sale                                                                                         
 c)        Price(s) and volume(s)                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 6.73p     4,103,688                                                                                          
 d)        Aggregated information - Aggregated volume - Price                                                 4,103,688 ordinary shares £276,191.50                                                              
 e)        Date of the transaction                                                                            23-24 December 2020                                                                                
 f)        Place of the transaction                                                                           London Stock Exchange                                                                              

-ENDS-

For more information, contact:

 Powerhouse Energy Group plc Tim Yeo, Executive Chairman                  Tel: +44 (0) 203 368 6399  
 WH Ireland Limited (Nominated Adviser) James Joyce/Lydia Zychowska       Tel: +44 (0) 207 220 1666  
 Turner Pope Investments Ltd (Joint Broker) Andrew Thacker/Zoe Alexander  Tel: +44 (0) 203 657 0050  
 SistersmithPR (Media enquiries) Becca Smith                              Mob: +447766 522305        

Notes for editors:

About Powerhouse Energy Group plc

Powerhouse, the sustainable hydrogen company, has developed a proprietary
process technology - DMG® - which can utilise waste plastic,
end-of-life-tyres, and other waste streams to efficiently and economically
convert them 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 (HfW) process. 

The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality
hydrogen and more than 58MWh of exportable electricity per day. 

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. As announced on 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of GBP500,000 in respect of each project which is commissioned. 

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



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