9 Sep 2013 07:00
9 September 2013
Hydrodec Group plc
("Hydrodec" or the "Company")
Director's dealing in securities
The Company received notification on 6 September 2013 that Lord Moynihan, Chairman of Hydrodec, purchased 455,000 ordinary shares in the Company at 8.75p per share on that date.
Following the purchase, Lord Moynihan holds 3,455,326 ordinary shares in the Company (representing approximately 0.8 per cent of the issued voting shares).
For further information please contact:
Hydrodec Group plc | 020 7907 9220 |
Ian Smale, Chief Executive Chris Ellis, Chief Financial Officer | |
Peel Hunt LLP (Nominated adviser and broker) | 020 7418 8900 |
Richard Kauffer | |
Daniel Harris | |
Vigo Communications (PR adviser to Hydrodec) | 020 7016 9570 |
Patrick d'Ancona Chris McMahon |
Notes to Editors:
Hydrodec's technology is a proven, highly efficient, oil re-refining and chemical process initially targeted at the multi-billion US$ market for transformer oil used by the world's electricity industry. Spent oil is currently processed at two commercial plants with distinct competitive advantage delivered through very high recoveries (near 100%), producing 'as new' high quality oils at competitive cost and without environmentally harmful emissions. The process also completely eliminates PCBs, a toxic additive banned under international regulations.
Hydrodec's plants are located at Canton, Ohio, US and Young, New South Wales, Australia and its shares are listed on the AIM Market of the London Stock Exchange. For further information, please visit www.hydrodec.com