8th Jun 2010 09:34
8 June 2010
Hydrodec Group plc (the "Company")
Loan Note Conversion Price Adjustment
The Company announces that the new conversion price of its fixed rate unsecured convertible loan notes ("Loan Notes") is 16.66p per ordinary share (previously 17.65p per share). This adjustment is being effected under the terms of the Loan Notes 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 23 March 2010.
For further information please contact:
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Hydrodec Group plc |
020 7786 9810 |
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Neil Gaskell, Chairman Mark McNamara, Chief Executive Mike Preen, Company Secretary |
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Numis Securities Limited |
020 7260 1000 |
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Nominated Adviser: Simon Blank Corporate Broker: David Poutney, Alex Ham |
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Corfin Communications |
020 7596 2860 |
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Neil Thapar, Harry Chathli, Alexis Gore |
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Related Shares:
HYR.L