HydroDec Group plc Directors' Shareholding (1230U)
April 05 2016 - 2:00AM
UK Regulatory
TIDMHYR
RNS Number : 1230U
HydroDec Group plc
05 April 2016
5 April 2016
Hydrodec Group plc
("Hydrodec" or the "Company")
Directors' shareholding
The Company received notification on 1 April 2016 that on that
date Alan Carruthers, a Non-Executive Director of the Company,
sold, and his wife subsequently repurchased, 454,545 ordinary
shares in the Company. The sale was effected at 2.625 pence per
share and the purchase at 2.625 pence per share. Following the
sale, Alan Carruthers' interest in the ordinary share capital of
the Company remains unchanged at 1,733,434 ordinary shares
(representing approximately 0.2 per cent of the issued voting share
capital).
The Company also received notification on 1 April 2016 that on
31 March 2016 a family trust of which Andrew Black, a Non-Executive
Director of the Company, is a beneficiary, transferred 50,000,000
ordinary shares in the Company to Andrew Black. The transfer was
effected at 2.625 pence per share. Following the transfer, Andrew
Black's interest in the ordinary share capital of the Company
remains unchanged at 183,574,858 ordinary shares (representing
approximately 24.6 per cent of the issued voting share
capital).
For further information please contact:
020 3300
Hydrodec Group plc 1643
James Hodges, General
Counsel and Company Secretary
Canaccord Genuity (Nominated 020 7523
Adviser and Broker) 8000
Guy Marks
Henry Fitzgerald-O'Connor
Vigo Communications (PR 020 7016
adviser to Hydrodec) 9570
Patrick d'Ancona
Chris McMahon
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. MarketsandMarkets forecasts that the global
transformer oil market is expected to grow from US$1.98 billion in
2015 to US$2.79 billion by 2020 at a CAGR of 7.14% from 2015 to
2020. 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 Bomen, New South Wales, Australia.
Hydrodec's 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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