REG-Powerhouse Enrgy Grp: Result of AGM

Powerhouse EnergyAnnouncement

30/09/2020 12:00

30 September 2020

Powerhouse Energy Group plc
("Powerhouse" or the "Company")

Result of AGM

Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering
hydrogen production from waste plastic, announces that at the Annual General
Meeting of the Company held today, all resolutions put to shareholders were
duly passed.

The results of the votes are set out below:

                                                                                                                                                 FOR*                          AGAINST                        
 RESOLUTIONS                                                                                                                            Votes      % of votes cast     Votes     % of votes cast    Abstain   
 Ordinary Resolution 1                                                                                                              1,429,943,616       99.98%        300,000         0.02%         412,543   
 To receive the financial statements for the year ended 31 December 2019 together with Directors' Reports and the Auditors' Report  
 Ordinary Resolution 2                                                                                                              1,429,340,872       99.94%        828,675         0.06%         486,612   
 To approve the Remuneration Report                                                                                                 
 Ordinary Resolution 3                                                                                                              1,429,891,960       99.97%        499,922         0.03%         264,277   
 To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix their remuneration                                     
 Ordinary Resolution 4                                                                                                              1,323,926,230       97.94%       27,903,121       2.06%       78,826,808  
 To re-elect Dr Cameron Davies as a director of the Company                                                                         
 Ordinary Resolution 5                                                                                                              1,342,651,569       99.24%       10,298,680       0.76%       77,705,910  
 To re-elect James Greenstreet as a director of the Company                                                                         
 Ordinary Resolution 6 To re-appoint Myles Kitcher as a director of the Company                                                     1,429,859,351       99.98         270,000         0.02%         526,808   
 Ordinary Resolution 7 To re-appoint Timothy Yeo as a director of the Company                                                       1,417,992,013       99.20%       11,419,964       0.80%        1,244,182  
 Ordinary Resolution 6 To re-appoint Allan Vlah as a director of the Company                                                        1,429,835,631       99.98%        297,720         0.02%         522,808   
 Ordinary Resolution 9 To authorise the directors to allot and issue equity securities                                              1,376,905,380       99.94%        877,630         0.06%       52,873,149  
 Special Resolution 10 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting              1,185,373,542       86.03%      192,409,468       13.97%      52,873,149  
                                                                                                                                                                                                              
 *Votes received for the resolutions includes votes allowing the Chairman's discretion.                                                                                                                       

For more information, contact:

 Powerhouse Energy Group plc                 Tel: +44 (0) 203 368 6399  
 David Ryan, Chief Executive Officer                                    
 WH Ireland Limited (Nominated Adviser)      Tel: +44 (0) 207 220 1666  
 James Joyce / Lydia Zychowska                                          
 Turner Pope Investments Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker / Zoe Alexander                                         
 Ikon Associates (Media enquiries)           Tel: +44 (0) 1483 271291   
 Adrian Shaw                                 Mob: +44 (0) 7979 900733   

Notes for editors:

About Powerhouse Energy Group plc

Powerhouse 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 £500,000 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.

For more information see www.powerhouseenergy.net



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