Legal Proceedings

RNS Number : 7980D

Powerhouse Energy Group PLC

22 May 2012

 



22 May 2012

PowerHouse Energy Group plc

(the "Company" or "PowerHouse")

Legal Proceedings

The Company has been made aware of a lawsuit filed in the US District Court for the District of Nevada against Powerhouse Energy, Inc. and Powerhouse Energy Group plc by previous employees of the group.  The quantum of the claim is significant and relates predominantly to alleged damages.  The directors intend to seek legal advice as to the veracity of the claim.

A further announcement will be made in due course.

For additional information please contact:

PowerHouse Energy Group plc

Ross Lyndon-James
[phone]

Merchant Securities Limited (NOMAD and Broker)

David Worlidge/Simon Clements

[phone]

 

END

 

 

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