Issue of Equity and Holding in the Company

26 January 2016

PowerHouse Energy Group plc

(“PowerHouse” or the “Company”)

Issue of Equity and Holding in the Company

PowerHouse is pleased to announce that it has raised £50,000 (gross) through a subscription of 9,090,909
ordinary shares of 0.5 pence each (“Ordinary Shares”) in the capital of the Company (the “Subscription”) at a price of 0.55 pence per Ordinary Share.

The new Ordinary Shares pursuant to the Subscription will be issued to Mr. P. Warwick and constitute 2.07% of the enlarged Ordinary Share capital of the Company.  The proceeds of the Subscription will be used for general working capital purposes.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will take place on or around 01 February 2016.

The Company has been informed that following Mr Warwick’s participation in the Subscription, his interest in the Ordinary Shares of the Company will be 23,872,150 ordinary shares, equivalent to 5.43% of the enlarged Ordinary Share capital of the Company.    

Upon Admission, following the issue of the new Ordinary Shares, the Company’s issued share capital will consist of 439,254,323 Ordinary Shares in issue of 0.5 pence each with one voting right. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company is 439,254,323.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
 

For additional information please contact:                                                                                    

PowerHouse Energy Group plc
Keith Allaun                                                                          [phone]/[phone]

Allenby Capital Limited (Nominated Adviser and Joint Broker)
Nick Harriss / David Hart / Liz Kirchner                                                         [phone]

Vicarage Capital Limited (Joint Broker)
Jeremy Woodgate                                                                                       [phone]