21 Dec 2012 12:35
21 December 2012
Hydrodec Group plc
(the "Company")
Issue of new ordinary shares
Further to the Company's announcement of 19 December regarding the repayment of its £2 million secured loan notes, the Board announces that it has today issued 12,282,496 new ordinary shares in the Company, conditional on admission of the shares to trading on AIM.
Following the issue of the new ordinary shares, the beneficial holding of Andrew Black, a non-executive director, is 81,267,021 ordinary shares (representing 19.2 per cent. of the Company's enlarged total issued voting shares of 422,463,694). The other holders of the secured loan notes elected to receive their repayment in cash.
Application will be made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. It is expected that the new ordinary shares will be so admitted on or about 8.00 a.m. on 2 January 2013.
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 |
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Cenkos Securities plc (Joint broker | 020 7397 8900 |
Corporate Finance: Adrian Hargrave Sales: Christian Hobart |
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Luther Pendragon (PR adviser to Hydrodec) | 020 7618 9100 |
Neil Thapar, Alexis Gore |