TIDMHYR

RNS Number : 9700Q

HydroDec Group plc

21 October 2013

21 October 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, JAPAN, CANADA, AUSTRALIA OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

Hydrodec Group plc

("Hydrodec", the "Company" or the "Group")

Expected timetable of principal events in relation to the Placing, Debt Conversion and Open Offer

Following the announcement this morning of the proposed Placing and Open Offer of New Ordinary Shares, Repayment of Debt and Notice of General Meeting, the Board of Hydrodec Group plc, the cleantech industrial oil re-refining group (AIM: HYR), is pleased to announce the timetable of principal events.

 
                                                                          2013 
 Record Date for entitlement under the Open                    5.00 p.m. on 17 
  Offer                                                                October 
 Announcement of the Placing and Open Offer                    7.00 a.m. on 21 
  and publication of the Circular, the Application                     October 
  Form and the Form of Proxy 
 Ex-entitlement date for the Open Offer                        8.00 a.m. on 21 
                                                                       October 
 Open Offer Entitlements credited to stock                          22 October 
  accounts of Qualifying CREST Holders into 
  CREST 
 Recommended latest time for requesting withdrawal             4.30 p.m. on 31 
  of Open Offer Entitlements and Excess CREST                          October 
  Open Offer Entitlements from CREST 
 Recommended latest time for depositing Open           3.00 p.m. on 1 November 
  Offer Entitlements and Excess CREST Open 
  Offer Entitlements into CREST 
 Recommended latest time and date for splitting        3.00 p.m. on 4 November 
  of Application Forms 
 Latest time and date for receipt of Forms                     10.00 a.m. on 5 
  of Proxy                                                            November 
 Latest time and date for receipt of applications              11.00 a.m. on 6 
  by Qualifying Ordinary Shareholders and Qualifying                  November 
  CREST Holders under the Open Offer 
 General Meeting                                               10.00 a.m. on 7 
                                                                      November 
 Announcement of the results of the General                         7 November 
  Meeting 
 Announcement of the results of the Issue                           7 November 
 Admission to trading on AIM of the New Ordinary       8.00 a.m. on 8 November 
  Shares and commencement of dealings on the 
  London Stock Exchange 
 CREST accounts credited                                            8 November 
 Despatch of definitive share certificates                         15 November 
  (where applicable) by 
 

Notes:

1. The times and dates set out in the expected timetable of principal events above and mentioned throughout this Announcement may be adjusted by Hydrodec, in which event details of the new times and dates will be notified to the London Stock Exchange and, where appropriate, Shareholders by means of an announcement through a regulatory information service.

2. All references to times and dates in this Announcement are to times and dates in London, United Kingdom.

3. Words and expressions used in this announcement have the same meaning as in the announcement and/or the circular published by the Company earlier today unless the context otherwise requires.

   Hydrodec Group plc                                            020 7907 9220 

Ian Smale, Chief Executive

Chris Ellis, Chief Financial Officer

Peel Hunt LLP

   (Nominated adviser and broker)                    020 7418 8900 

Richard Kauffer

Daniel Harris

Vigo Communications (PR adviser

   to Hydrodec)                                                            020 7016 9570 

Patrick d'Ancona

Chris McMahon

This information is provided by RNS

The company news service from the London Stock Exchange

END

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