10th Dec 2007 07:00
Virotec International PLC10 December 2007 VIROTEC INTERNATIONAL PLC 10 December 2007 Sale of Shares The Directors of Virotec International plc ("Virotec") (AIM:VTI) are pleased toannounce that it has secured ongoing funding for the Group's operations. Virotec has sold 5.5 million shares in Hydrodec Group plc ("Hydrodec") at aprice of £0.20 per share returning £1.1 million before costs. Virotec has agreedto enter into a lock-in agreement with Hydrodec not to reduce its interestfurther in Hydrodec for a period of 12 months. Virotec retains 54.5 millionshares in Hydrodec representing an interest of approximately 28.1%, which has acurrent market value of approximately £10.9 million. Executive Chairman, Brian Sheeran, comments "This share sale provides Virotecwith sufficient capital to implement its current operational strategy." For further information please contact Angus Craig, Company Secretary on +6175573 3353 or by email at [email protected]. VIROTEC INTERNATIONAL plc Company Number 5796515 www.virotec.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HYR.L