Award of share options
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Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy together with a revenue generating engineering consulting division (Engsolve), is pleased to announce that the Remuneration Committee agreed yesterday to grant the following share options, under a share option scheme to be documented over the coming weeks to members of the Board and the Company Secretary.
The new share options have an exercise price of 1.10p, being equal to the closing mid-market price of an Ordinary Share yesterday, and a premium of 4.8% to the 30 day VWAP of 1.05p, as at the close of business on 23 October 2024. The options will be structured to vest from 1 May 2025 and will lapse on the fifth anniversary of the date of grant.
Directors and PDMRs included in the award are detailed in the table below:
| Director / PDMR | Current options held | New options awarded | Total options held | ||||
| David Hitchcock - Chairman | 0 | 15,000,000 | 15,000,000 | ||||
| Paul Emmitt, CEO | 0 | 50,000,000 | 50,000,000 | ||||
| Ben Brier, CFO | 0 | 40,000,000 | 40,000,000 | ||||
| Anthony Gale, Non Executive Director | 0 | 12,000,000 | 12,000,000 | ||||
| Hugh McAlister, Non Executive Director | 0 | 12,000,000 | 12,000,000 | ||||
| Karol Kacprzak, Non Executive Director | 0 | 12,000,000 | 12,000,000 | ||||
| Rose Herbert, Company Secretary | 0 | 12,000,000 | 12,000,000 | ||||
| Total | 153,000,000 | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | David Hitchcock | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Non-Executive Director | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Options granted under the 2024 Share Option Scheme | |||||
| c) | Price(s) and volume(s) | Exercise Price(s) Volume(s) 1.1p 15,000,000 | |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Paul Emmitt | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Executive Director | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Grant of options | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Ben Brier | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Executive Director | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Grant of options | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Anthony Gale | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Non-Executive Director | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Grant of options | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Hugh McAlister | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Non-Executive Director | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Grant of options | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Karol Kacprzak | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Non-Executive Director | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Grant of options | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name | Rose Herbert | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Company Secretary | |||||
| b) | Initial notification/ Amendment | Initial notification | |||||
| a) | Name | Powerhouse Energy Group plc | |||||
| b) | LEI | 213800MY7XIYS2BSC163 | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 0.5p each GB00B4WQVY43 | |||||
| b) | Nature of the transaction | Grant of options | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | |||||
| e) | Date of the transaction | 24 October 2024 | |||||
| f) | Place of the transaction | Outside a trading venue |
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