6th May 2016 07:00
6 May 2016
Hydrodec Group plc
("Hydrodec" or the "Company")
2015 Annual Report and Financial Statements and Notice of Annual General Meeting
Following the release on 12 April 2016 of the Company's final results for the year ended 31 December 2015, the Company announces that it has today published its Annual Report and Financial Statements for the year ended 31 December 2015 together with the notice convening the Company's Annual General Meeting. These documents are publicly available for viewing on the Company's website at www.hydrodec.com.
The Company's Annual General Meeting will be held at 8.30am on Tuesday, 7 June 2016 at the offices of Canaccord Genuity Limited, 88 Wood Street, London EC2V 7QR.
For further information please contact:
Hydrodec Group plc |
| 020 3300 1643 | |||||||||||||||
Chris Ellis, Chief Executive Officer James Hodges, General Counsel and Company Secretary
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Canaccord Genuity (Nominated Adviser and Broker) |
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| 020 7523 8000 | |||||||||||||||
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Vigo Communications (PR adviser to Hydrodec) |
| 020 7830 9700 | |||||||||||||||
Patrick d'Ancona Chris McMahon
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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.
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HYR.L