24 Sep 2013 07:00
24 September 2013
Hydrodec Group plc
("Hydrodec" or the "Company")
Director's dealing in securities
The Company received notification on 23 September 2013 that Andrew Black, a non-executive director of Hydrodec, on that same day purchased 1,200,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of 12.875p per share.
Following the purchase Mr Black holds 86,367,021 Ordinary Shares representing 20.4 per cent of the issued voting share capital. He also holds warrants to subscribe for 20 million Ordinary 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. Hydrodec recently acquired the business and assets of OSS Group, the UK's largest collector, consolidator and processor of used lubricant oil and seller of processed fuel oil.
Hydrodec's shares are listed on the AIM Market of the London Stock Exchange. For further information, please visit www.hydrodec.com