REG - Powerhouse Enrgy Grp - Directorate Changes and Operational Update

Powerhouse EnergyAnnouncement

30/12/2022 07:00

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RNS Number : 2597L  Powerhouse Energy Group PLC  30 December 2022

30 December 2022

 

 

PowerHouse Energy Group plc

("PowerHouse" or the "Company")

 

Directorate Changes and Operational Update

 

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from plastic, is pleased to announce that
that it has appointed Antony Royston Gardner-Hillman as Non-Executive Chairman
in addition to Anthony Clive Gale and David John Hitchcock, as Non-Executive
Directors of the Company with effect from 1 January 2023.

 

In 2020 Mr Gardner-Hillman co-founded, and subsequently became Chairman of,
Rocquaine Management Limited, which provides ownership-structuring and tax
consulting services to ultra-high net worth clients in connection with their
business interests and assets. Mr Gardner-Hillman is a solicitor qualified in
England and Wales. He was a Co-Founder of JTC Group in 1987 and became its
first Chairman, remaining as a Director and Chairman until selling his
shareholding and resigning from the board in 2008.

 

Mr Gale is currently Founder and Managing Director of Tony Gale Cleantech
Consultants Ltd and has over 30 years' experience in the industrial and
manufacturing sectors, both with global corporations and SMEs.

 

Mr Hitchcock is currently a Chairman and Co-Founder of States Bridge Capital,
a firm which lists fast growing private companies both in the UK and
internationally, via IPOs to the UK Public Stock Market including the Standard
List and AIM. It also acts as Financial Advisor to UK Public Companies. Mr
Hitchcock has historically worked with a number of early stage, or distressed
businesses.

 

Operational Update

 

Further to the announcements dated 5 September and 15 August 2022, the Company
can confirm that work has continued towards finalisation of the agreements
regarding the joint venture with Peel NRE Ltd ("Peel") to form a special
purpose vehicle ("SPV"), Protos Plastics-to Hydrogen No 1 Ltd. A further
announcement will be made when appropriate.

 

Further regulatory disclosures:

 

Other than as disclosed below, there are no further disclosures to be made in
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies:

 

Full Name: Antony Royston Gardner-Hillman (known as "Tony")

 

Mr Gardner-Hillman, aged 66, is, or has during the last five years been, a
director of the following companies:

 

Current Directorships

 

 Rocquaine Management Limited
 MotionLED Technology Enterprise Limited
 MotionLED Technology Limited
 Minerva Tutors Limited
 Hillman Financial Management Limited
 Euroknights Asset Management V Limited
 Cambium Global Timberland Limited
 Cambium Pahala Holdings Limited
 Cambium Pinnacle Holdings Limited
 Cambium Holdings Limited
 Corrigan Holdings Limited
 Cambium Minas Holdings Limited
 Cambium MG Holdings Limited
 Cambium South Atlantic Holdings Limited
 Santa Juana Limited
 Hidcote Holdings Limited
 Hidcote Limited
 Hidcote Marketing Limited
 Kingsbridge Capital Limited
 Staznet Family Office Ltd
 Balfour Investments Limited
 Beavron Investments Limited
 Berkeley Square Investments Limited
 Buckingham Corporations Limited
 Charleston Investments Limited
 Cheddington Lodge Limited
 Chesterhill Properties Limited
 Cobra Group Holdings Limited
 Cobra Investments Limited
 Hemel Holdings Limited
 Mentmore Estate Limited
 Mentmore Greenland Limited
 Roxmar Limited
 Samuel Holdings Limited
 Stone Lodge Limited
 Tintrade Limited
 Unichart Limited
 Float Investments Limited

 

Past Directorships (held within the last five years)

 

 Bellzone Mining Plc
 Windspoint International Limited
 Evreux Holdings Limited
 J.C.N. Investments (Jersey) Limited
 Anthony Investments (Esplanade) Limited
 Spectrum Motion Media Limited
 Kendrick Resources Plc
 The Ottoman Fund Limited
 Ottoman Finance Company 1 Limited
 Ottoman Finance Company 2 Limited
 Cavendish Square Partners (General Partner) Limited
 Euroknights Asset Management VI Limited
 Euroknights Asset Management VII Limited
 Smith & Williamson (Channel Islands) Limited
 Shackleton Partners (General Partner) Limited
 CPBM Finance Limited
 CPBM Midco 1 (Jersey) Limited
 CPBM Midco 2 (Jersey) Limited
 NAXS AB
 New Age Alzarooni 2 Limited

 

On 17 August 2001, Mr Gardner-Hillman was appointed as a Director of Brian
Hill Haulage & Plant Hire Limited. He resigned that position on 3 March
2007. The company went into administration on 12 October 2007 and moved into
creditors voluntary winding up on 1 October 2008, with an estimated £920,000
of outstanding creditors according to the administrator's progress report
dated 3 October 2008. The company was dissolved on 20 March 2012.

 

On 19 February 2004, Mr Gardner-Hillman was appointed as a Director of Blue
Swan Insurance (Jersey) Limited. Blue Swan went into liquidation at the
instigation of its directors on 28 April 2006. Mr Gardner-Hillman has
confirmed that there has not been a liquidator's report filed to date and is
thus unaware of the total amount outstanding to creditors. The company was
dissolved on 11 January 2010.

 

On 26 November, 2010, Mr Gardner-Hillman was appointed as a Director of Evreux
Holdings Limited, the parent company, and of its subsidiaries J.C.N.
Investments (Jersey) Limited and Anthony Investments (Esplanade) Limited, a
group of privately owned property investment companies. The companies went
into liquidation at the instigation of their directors on 16 April, 2019. Mr
Gardner-Hillman was informed by the liquidator that in 2016 the creditors of
Anthony Investments (Esplanade) Limited and of J.C.N. Investments (Jersey)
Limited had been paid in full. Anthony Investments (Esplanade) Limited was
dissolved on 14 October, 2022. The creditors of the parent company, Evreux
Holdings Limited, received 45 pence in the pound by way of interim
distributions, although the total amount outstanding to creditors is unknown
to Mr Gardner-Hillman. Mr Gardner-Hillman has received no further information
from the liquidator, and is not aware of any further statement of affairs
having been published in respect of Evreux Holdings Limited or of J.C.N.
Investments (Jersey) Limited, or of the amount remaining outstanding to their
respective creditors.

 

On 13 November 2009, Mr Gardner-Hillman was appointed as a Director of
Bellzone Mining PLC (company registered in Jersey). The company went into
liquidation at the instigation of its directors on 13 December, 2018. The
company remains in liquidation and Mr Gardner-Hillman has received no
information from the liquidator, and is not aware of a statement of affairs
having been published, or of the amount remaining outstanding to creditors.

 

 

Full Name: Anthony Clive Gale (known as "Tony")

 

Mr Gale, aged 65, is, or has during the last five years been, a director or
partner of the following companies and partnerships:

 

Current Directorships

 

 Deploy Tech Ltd
 Tony Gale Cleantech Consultants Ltd

 

Past Directorships

 

 Bambuloo Limited
 Phytoponics Limited

 

Mr Gale was formerly a Director of Phytoponics Limited, which went into
creditors voluntary liquidation on 19 October 2021. Mr Gale resigned from the
company on 23 June 2021. The liquidation process is still on going, with a
deficiency to creditors of approximately £228,812 including Mr Gale.

 

Full Name: David John Hitchcock (known as "Dewi")

 

Mr Hitchcock, aged 59, is, or has during the last five years been, a director
or partner of the following companies and partnerships:

 

Current Directorships

 

 Evora Scr Ltd
 The Juggling King Rum Company Ltd
 Waterloo Street Bpra Property Fund LLP
 Mill Wharf Bpra Property Fund LLP
 Msct Trustee Limited
 Cyrus Investment Management LLP
 Burning Hammer Properties Ltd
 Future Family Limited

 

Past Directorships

 

 Cim Nominees Ltd
 Rhino Engineering Group Ltd
 Heartland Engineering System Limited
 Laser Precision Engineering Ltd
 Engineering Precision Solution Limited
 Cyrus RW Holdings
 Cuttack Consulting
 Fgp Group Limited
 Rhino Systems Limited
 Cesb Realisations Limited
 Ramp Surface Coatings Limited
 Nicu Care Limited
 Stemcellcare Limited

 

Mr Hitchcock was formerly a Director of CESB Realisations Limited, having been
appointed on 28 January 2016, which went into administration on 8 June 2018.
The company moved out of administration into creditors voluntary liquidation
on 31 May 2019. The company was dissolved on 24 May 2021 with unsatisfied
unsecured creditors of approximately £4.1m according to the notice of final
account prior to dissolution, filed at company's house on 15 February 2021.

 

Mr Hitchcock was formerly a Director of Cyrus RW Holdings Limited. It went
into administration on 21 February 2018.The company was dissolved on 20
February 2020 with approximately £3m outstanding to creditors according to
the notice of final account prior to dissolution, filed at Companies House on
14 November 2019.

 

 

 

 

 

 

ENDS

 

 

 

For more information, contact:

 

 PowerHouse Energy Group plc                    powerhouse@tavistock.co.uk
 Keith Riley

 WH Ireland Limited (Nominated Adviser)         Tel: +44 (0) 207 220 1666
 James Joyce / James Bavister/ Enzo Aliaj

 Turner Pope Investments Ltd (Joint Broker)     Tel: +44 (0) 203 657 0050
 Andrew Thacker / James Pope

 Tavistock (Financial PR)                       powerhouse@tavistock.co.uk
 Simon Hudson / Nick Elwes / Heather Armstrong

 

 

 

 

 

 

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.

Powerhouse Energy'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 Energy 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.net

 

 

 

 

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