19th Jan 2009 09:04
HYDRODEC GROUP PLC ("Hydrodec" or the "Company")
Director's Dealing
19 January 2009
Hydrodec announces that it received notification on 14 January 2009 from the Chairman, Mr. John Gunn, that on 14 August 2002 he granted Kaupthing Singer & Friedlander security via a personal guarantee over the assets held in his pension fund. In August 2004 and November 2007, 1,100,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") and £25,000 nominal value of the 8% unsecured convertible loan notes representing 131,578 Ordinary Shares respectively (together representing 0.6% of the Company's issued share capital) were added to the fund and were thus covered by the guarantee. These represent a secondary line of security to the bank over the overdraft facility on Mr. Gunn's pension.
On 16 January 2009, the Company received notification from Mr. Rodger Sargent that on 6 June 2008, 750,000 Ordinary Shares (representing 0.3% of the Company's issued share capital) were pledged as security against a loan facility.
No other director of the Company has granted security over or entered into any financial instruments relating to any of their holdings of Ordinary Shares in the Company.
For further information please contact:
Hydrodec Group plc 020 7621 5774
John Gunn, Chairman
Numis Securities Limited 020 7260 1000
Nominated Adviser: Simon Blank
Corporate Broker: David Poutney / Alex Ham
Curve PR 020 8742 1597/ 07764 197003
Emma Davis
Related Shares:
HYR.L