Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Interim Chair & Acting Chief Executive Officer Keith Riley plans to step down but doesn't give an exact date for this. "I look forward to announcing the new additions to the board which we believe will not only significantly strengthen the board but also ensure that the company has the right expertise in place to take the business forward. Once in place, with the board's agreement, I propose to step down as interim chairman whilst maintaining an executive position on the board and to see PHE's technology into construction," he says on Thursday last week.
Additionally, Powerhouse says it is in discussions over the location of its headquarters. "This is due to development plans of the Thornton site by the University of Chester, meaning that the demonstrator unit will have to be re-located", it explains.
Current stock price: 1.87 pence, up 9.8% early Tuesday in London
12-month change: down 62%
Copyright 2022 Alliance News Limited. All Rights Reserved.