HydroDec Group plc Director's dealing in securities (2961I)

TIDMHYR

RNS Number : 2961I

HydroDec Group plc

01 July 2013

1 July 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 28 June 2013 750,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at an average price of 10p per share.

In addition, on 27 June 2013 Mr Black subscribed for the final GBP100,000 of the GBP5 million secured fixed rate (5%) loan notes ("Notes") first announced by the Company on 19 December 2012. In accordance with the terms of issue of the Notes, Mr Black has been granted a further 500,000 warrants to subscribe for ordinary shares in the Company at a price of 16 pence per share. This completes the total subscriptions for the Notes. Of the total, Mr Black has subscribed for GBP2.6 million.

Following the purchase Mr Black holds 85,167,021Ordinary Shares representing 20.2 per cent of the issued voting share capital. He also holds warrants to subscribe for 20 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 initially targeted at the multi-billion US$ market for transformer oil used by the world's electricity industry. Spent oil is currently processed at two commercial plants with distinct competitive advantage delivered through very high recoveries (near 100%), producing 'as new' high quality oils at competitive cost and without environmentally harmful emissions. The process also completely eliminates PCBs, a toxic additive banned under international regulations.

Hydrodec's plants are located at Canton, Ohio, US and Young, New South Wales, Australia and its shares are listed on the AIM Market of the London Stock Exchange. For further information, please visit www.hydrodec.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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