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Director's dealing - Replacement

26 Sep 2011 11:26

RNS Number : 9110O
HydroDec Group plc
26 September 2011
 



Correction:

 

This press release replaces the "Director's dealing" announcement released by Hydrodec Group plc at 07.00am today.

 

The following amendment has been made. The purchase price of the shares should have read 8.375p per share(not 8.3625p per share). All other details remain unchanged and the full amended text is shown below.

 

 

 26 September 2011

 

 

Hydrodec Group plc

("Hydrodec" the "Company")

 

Director's dealing in securities

 

The Company has received notification that Andrew Black, a non-executive director of Hydrodec, purchased 11 million ordinary shares in the Company at 8.375p per share on 23 September 2011.

Following the purchase Mr. Black holds 36,934,525 ordinary shares in the Company (10.4 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 7786 9810

Neil Gaskell, Chairman

Mark McNamara, CEO

Mike Preen, Head of Corporate and Legal Affairs

Numis Securities Limited

020 7260 1000

Nominated Adviser: Hugh Jonathan

Corporate Broker: David Poutney, Alex Ham

Corfin Public Relations

020 7596 2860

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. Hydrodec takes spent oil, including polychlorinated biphenyl ("PCB") contaminated oil, as the primary feedstock, which is then processed at its two existing 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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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