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17 Jan 2012 15:24
17 January 2012
Hydrodec Group plc
(the "Company")
Director's Dealings in Securities
The Company has today received notification that certain family trusts of which John Gunn, a non-executive director of the Company, is a trustee but non-beneficiary have yesterday and today sold in aggregate 400,000 ordinary shares in the Company ("Shares") at a price of 10.36p per Share.
Mr Gunn's beneficial holding of Ordinary Shares remains 5,037,500 (which represents approximately 1.2 per cent. of the issued voting Shares). Mr Gunn also has a beneficial interest in options over 3 million Shares and in £111,000 of the Company's convertible unsecured loan stock ("CULS"). In addition, following the sale, Mr Gunn will be taken to be interested for the purposes of the AIM rules in a further 1,735,000 Shares and in a further £99,000 of CULS by virtue of being a trustee (but non-beneficiary) of certain family trusts and in a further 5,899,249 Shares and in a further £827,955 of CULS through his and his family's shareholding in Ludgate 181 (Jersey) Limited, a Jersey investment company.
For further information please contact:
Hydrodec Group plc | 020 7786 9810 |
Neil Gaskell, Chairman | |
Mike Preen, Head of Corporate and Legal Affairs | |
| |
Numis Securities Limited | 020 7260 1000 |
Nominated Adviser: Hugh Jonathan Corporate Broker: David Poutney, Alex Ham | |
| |
Luther Pendragon | 020 7618 9100 |
Neil Thapar, Alexis Gore |
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