Exercise of Warrants

RNS Number : 1548U

Powerhouse Energy Group PLC

16 December 2011

 

16 December 2011

PowerHouse Energy Group plc

("PowerHouse", the "Group" or the "Company")

Exercise of Warrants

The Company announces that, following an exercise of warrants, created pursuant to an instrument dated 31 March 2011, it has issued, conditional on admission to trading on AIM, 666 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). The Warrants were exercised at a price of 18p per share.

Application will be made for 666 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 23 December 2011. Following the issue of these shares, the Company will have 284,271,187 Ordinary Shares in issue.

For additional information please contact:

PowerHouse Energy Group plc

Ross Lyndon-James
2nd Floor, Berkeley Square House
Berkeley Square
London W1J 6BD, UK
Phone: [phone]
Email: [e-mail]

Merchant Securities Limited (Nominated Adviser & Broker)

David Worlidge/Simon Clements

Phone: [phone]

Pelham Bell Pottinger

Nick Lambert / Charles Stewart

Phone: [phone]

 

END

 

 

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