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HydroDec Group plc (HYR)

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Tuesday 08 June, 2010

HydroDec Group plc

Loan Note Conversion Price Ad

RNS Number : 2275N
HydroDec Group plc
08 June 2010
 



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:

 

Hydrodec Group plc

020 7786 9810

Neil Gaskell, Chairman

Mark McNamara, Chief Executive

Mike Preen, Company Secretary




Numis Securities Limited

020 7260 1000

Nominated Adviser: Simon Blank

Corporate Broker: David Poutney, Alex Ham




Corfin Communications

020 7596 2860

Neil Thapar, Harry Chathli, Alexis Gore


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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