26th Sep 2011 11:26
Correction:
This press release replaces the "Director's dealing" announcement released by Hydrodec Group plc at 07.00am today.
The following amendment has been made. The purchase price of the shares should have read 8.375p per share(not 8.3625p per share). All other details remain unchanged and the full amended text is shown below.
26 September 2011
Hydrodec Group plc
("Hydrodec" the "Company")
Director's dealing in securities
The Company has received notification that Andrew Black, a non-executive director of Hydrodec, purchased 11 million ordinary shares in the Company at 8.375p per share on 23 September 2011.
Following the purchase Mr. Black holds 36,934,525 ordinary shares in the Company (10.4 per cent of the issued voting share capital). He also holds warrants to subscribe for 7 million ordinary shares.
For further information please contact:
Hydrodec Group plc | 020 7786 9810 |
Neil Gaskell, Chairman | |
Mark McNamara, CEO | |
Mike Preen, Head of Corporate and Legal Affairs | |
Numis Securities Limited | 020 7260 1000 |
Nominated Adviser: Hugh Jonathan Corporate Broker: David Poutney, Alex Ham | |
Corfin Public Relations | 020 7596 2860 |
Neil Thapar, Alexis Gore |
Notes to Editors:
Hydrodec's technology is a proven highly efficient oil re-refining and chemical process which is being initially targeted at the multi-billion US$ market for transformer oil used by the world's electricity industry. Hydrodec takes spent oil, including polychlorinated biphenyl ("PCB") contaminated oil, as the primary feedstock, which is then processed at its two existing plants enabling 99 per cent or greater recovery of oil for reuse while also eliminating PCBs, a toxic additive banned under international regulations, without environmentally harmful emissions.
Related Shares:
HYR.L