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2 Jul 2010 11:24
2 July 2010
Hydrodec Group plc
(the "Company")
Director's dealing in securities
The Company has received notification that John Gunn, non-executive Deputy Chairman of the Company, is taken to be interested, for the purposes of the AIM Rules, in the purchase today of £100,000 nominal value of the Company's fixed rate unsecured convertible loan notes 2012 ("Loan Notes").
Following the purchase, Mr Gunn is taken to be interested in £210,000 Loan Notes. The Loan Notes are convertible into ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") at a conversion price of 16.66p per Ordinary Share.
Mr Gunn also has a beneficial interest in 4,837,500 Ordinary Shares, representing 1.6% of the Ordinary Shares with voting rights in the Company, and 3 million share options.
For further information please contact:
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Hydrodec Group plc |
020 7786 9810 |
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Neil Gaskell, Chairman Mark McNamara, Chief Executive Mike Preen, Company Secretary |
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Numis Securities Limited |
020 7260 1000 |
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Nominated Adviser: Simon Blank Corporate Broker: David Poutney, Alex Ham |
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Corfin Public Relations |
020 7596 2860 |
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Neil Thapar, Harry Chathli, Alexis Gore |
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