31 Oct 2012 07:00
31 October 2012
Hydrodec Group plc
("Hydrodec" or the "Company")
Director's dealing in securities
The Company has received notification that Andrew Black, a non-executive director of Hydrodec, yesterday purchased 5,000,000 ordinary shares in the Company at 9.895p per share.
Following the purchase Mr. Black holds 68,984,525 ordinary shares in the Company (16.8 per cent of the issued voting share capital). He also holds warrants to subscribe for 7 million ordinary shares.
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 | |
Cenkos Securities plc (Joint broker | 020 7397 8900 |
Corporate Finance: Adrian Hargrave Sales: Christian Hobart | |
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.