2 Nov 2012 15:32
2 November 2012
Hydrodec Group plc
("Hydrodec" or the "Company")
Director's dealing in securities
The Company has received notification that Colin Moynihan, Chairman of Hydrodec, today purchased 790,000 ordinary shares in the Company at 12.5p per share.
Following the purchase, Lord Moynihan holds 3,000,326 ordinary shares in the Company.
For further information please contact:
Hydrodec Group plc | 020 7907 9220 | |||
Ian Smale, CEO | ||||
Mike Preen, Head of Corporate and Legal Affairs | ||||
Numis Securities Limited (Nominated adviser/joint broker) | 020 7260 1000 | |||
Nominated Adviser: Hugh Jonathan Corporate Broker: David Poutney, Alex Ham
|
020 7397 8900 | |||
Luther Pendragon (PR adviser to Hydrodec) | 020 7618 9100 | |||
Neil Thapar, Alexis Gore |
Notes to Editors:
Hydrodec's technology is a proven highly efficient oil re-refining and chemical process which is being initially targeted at the multi-billion US$ market for transformer oil used by the world's electricity industry. The Group takes spent oil, including polychlorinated biphenyl ("PCB") contaminated oil, as the primary feedstock, which is then processed at its two plants enabling 99 per cent or greater recovery of oil for reuse while also eliminating PCBs, a toxic additive banned under international regulations, without environmentally harmful emissions.
Hydrodec's plants are located at Canton, Ohio, US and Young, New South Wales, Australia. The Group's shares are listed on the AIM Market of the London Stock Exchange. For further information, please visit www.hydrodec.com.