14th Oct 2009 07:00
14 October 2009
Hydrodec Group plc (the "Company")
Additional Listing
Application has been made to AIM for the admission of 2,209,630 ordinary shares of 0.5p each in the Company ("Ordinary Shares") to trading. These Ordinary Shares, which will rank pari passu in all respects with the existing shares in issue, have been allotted pursuant to the conversion by holders of the Company's Fixed Rate Unsecured Convertible Loan Notes in the sums of £375,000 and £15,000. Conversion has been effected at the new adjusted conversion price of 17.65p per ordinary share (previously 19p per share), such adjustment being effected pursuant to the Company's placing of ordinary shares at a discount of greater than 10 per cent. to the prevailing market price announced on 12 June 2009.
Following admission the issued share capital of the Company will comprise 324,094,672 Ordinary Shares. There are 56,673,333 Ordinary Shares treated as non-voting treasury shares and therefore the total number of Ordinary Shares with voting rights in the Company will be 267,421,339.
Admission is expected to become effective on 20 October 2009.
For further information please contact:
Hydrodec Group plc 020 7786 9810
Mike Preen, Company Secretary
Numis Securities Limited 020 7260 1000
Nominated Adviser: Simon Blank
Corporate Broker: David Poutney / Alex Ham
Curve PR 07764 197003
Emma Davis
Related Shares:
HYR.L