Powerhouse Energy shares suspended after RenewMe claim

Renewable power firm PowerHouse Energy said it had in February received a claim from RenewMe Limited relating to a settlement agreed in March 2014 and that its AIM-listed shares had been suspended.

PowerHouse said it was in talks with RenewMe regarding the claim and a further announcement would be made in due course.

It added that that Allenby Capital Limited has resigned as the its nominated adviser and joint broker with immediate effect.

"Shareholders should note that if within one month of the company's suspension it has failed to appoint a replacement nominated adviser, the admission of the company's securities will be cancelled from AIM," the company said in a statement.