11 Jun 2013 14:01
11 June 2013
Hydrodec Group plc
("Hydrodec" or the "Company")
Director's dealing in securities
The Company has today received notification that Andrew Black, a non-executive director of Hydrodec, purchased on 6 June 2013 1,150,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of 9.927p per share.
Following the purchase Mr. Black holds 84,417,021 Ordinary Shares representing 20.0 per cent of the issued voting share capital. He also holds warrants to subscribe for 19.5 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 | |
Peel Hunt LLP (Nominated adviser and broker) | 020 7418 8900 |
Richard Kauffer | |
Daniel Harris | |
Luther Pendragon (PR adviser to Hydrodec) | 020 7618 9100 |
Neil Thapar, Alexis Gore, Sarah Davis |
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.