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Placing and Issue of Equity

11 Nov 2005 07:29

HydroDec Group plc11 November 2005 Hydrodec Group plc placing conditionally raises £3.5 million before expenses Hydrodec Group plc ("Hydrodec" or the "Company") has raised approximately £3.5million gross (£3.4 million net of expenses) through a placing (the "Placing")with institutions arranged by Numis Securities Limited ("Numis"). The proceedsfrom the Placing will be used to fund a new transformer recycling plant,refurbishment of the recently acquired plant in Young, New South Wales and theexpansion of Hydrodec's global sales and marketing infrastructure. The Company came to AIM on 21st December 2004. Hydrodec's technology is an oilre-refining process that regenerates oil and removes dangerous contaminants suchas PCBs. The technology can also treat a number of chlorinated organic wastes,known as POPs. The Company has operations in Young, New South Wales, Australia,with its corporate headquarters in London. Under the Placing, the Company has conditionally placed 14,645,402 new ordinaryshares of 0.5p each (the "New Shares") at a placing price of £0.24 per sharewith a number of institutional investors to raise £3,514,896 (gross),approximately £3,360,000 (net). Immediately following the Placing, the totalnumber of shares in issue will be 178,645,402. The Placing has been arranged by Numis who have also underwritten the issue. ThePlacing is subject to a Placing Agreement between Hydrodec and Numis becomingunconditional and not being terminated prior to 16 November 2005, the expecteddate of Admission or such later date (being no later than 30 November 2005)which the Company and Numis may agree. The New Shares will rank pari passu inall respects with the existing Hydrodec shares in issue. It is expected thatdealings in the New Shares will commence on AIM on 16 November 2005. Commenting on the announcement, John Gunn, Hydrodec's Chairman, said "The fundsfrom the Placing will allow Hydrodec to develop a Centre of Excellence for oilre-refining at our plant in Young, New South Wales and continue the globalroll-out of our technology". For further information please contact: John Gunn, Chairman HydroDec Group plc Tel: 020 7236 6236 David Poutney Numis Securities Tel: 020 7776 1500 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
15th Dec 200911:02 amRNSPlacement of Ordinary Shares & Notice of GM
15th Dec 200910:53 amRNSResignation of Finance Director
9th Dec 20092:30 pmRNSNotification of major interest in shares
9th Dec 20097:00 amRNSNotification of Major Interest in Shares
8th Dec 200911:39 amRNSAgreement for major 2010 off-take agreement
19th Nov 20092:17 pmRNSTrading Statement
19th Oct 200911:12 amRNSChange of Registered Office
14th Oct 20097:00 amRNSAdditional Listing
25th Sep 20097:00 amRNSUnaudited interim results
29th Jul 20097:00 amRNSResult of AGM
28th Jul 20092:00 pmRNSAGM Statement & Trading Update
23rd Jul 200910:50 amRNSFinance director resignation
16th Jul 20097:00 amRNSNon-executive directors options
3rd Jul 20097:00 amRNSDirector/PDMR Shareholding
30th Jun 20097:00 amRNSAnnual Financial Report and notice of AGM
29th Jun 200912:34 pmRNSResult of Meeting and Placing of Ordinary Shares
18th Jun 20094:28 pmRNSDirector/PDMR Shareholding
18th Jun 20097:00 amRNSDirectorate Change
15th Jun 200912:22 pmRNSDirector/PDMR Shareholding
15th Jun 20099:45 amRNSPosting of Circular - Replacement
15th Jun 20097:00 amRNSPosting of circular
12th Jun 20091:45 pmRNSFinal Results
8th Jun 200910:59 amRNSAdditional Listing
20th May 20097:00 amRNSTrading Update
12th May 200910:37 amRNSSale of non-core asset
1st May 200911:27 amRNSTransformer oil supply chain agreement
5th Mar 200911:01 amRNSTotal Voting Rights
2nd Mar 20093:53 pmRNSNotification of major interests in shares
23rd Feb 20097:00 amRNSPlacement of ordinary shares
17th Feb 20097:00 amRNSTrading Statement
13th Feb 20094:40 pmRNSSecond Price Monitoring Extn
13th Feb 20094:37 pmRNSPrice Monitoring Extension
13th Feb 20097:00 amRNSAnnouncement re Hydrodec Group plc
12th Feb 20094:40 pmRNSSecond Price Monitoring Extn
12th Feb 20094:35 pmRNSPrice Monitoring Extension
10th Feb 200912:42 pmRNSTrading Statement
5th Feb 200911:00 amRNSDisposal of interest in Molectra shares
19th Jan 20099:04 amRNSDirector's Dealing
15th Jan 20094:40 pmRNSSecond Price Monitoring Extn
15th Jan 20094:36 pmRNSPrice Monitoring Extension
6th Jan 20095:05 pmRNSNotification of major interests in shares
5th Jan 20094:40 pmRNSSecond Price Monitoring Extn
5th Jan 20094:36 pmRNSPrice Monitoring Extension
5th Jan 20097:00 amRNSRe Agreement
2nd Jan 20098:36 amRNSTotal Voting Rights
12th Dec 20084:35 pmRNSPrice Monitoring Extension
4th Dec 20083:54 pmRNSNotification of major interests in shares
3rd Dec 200811:00 amRNSHydrodec Group PLC Trading Statement
26th Nov 20087:00 amRNSStatement re ?2million share placement
27th Oct 20084:40 pmRNSPrice Monitoring Extension

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