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HydroDec Group plc (HYR)

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Friday 02 July, 2010

HydroDec Group plc

Director's Dealing

RNS Number : 7322O
HydroDec Group plc
02 July 2010
 



 2 July 2010

 

Hydrodec Group plc

(the "Company")

 

Director's dealing in securities

 

The Company has received notification that John Gunn, non-executive Deputy Chairman of the Company, is taken to be interested, for the purposes of the AIM Rules, in the purchase today of £100,000 nominal value of the Company's fixed rate unsecured convertible loan notes 2012 ("Loan Notes").


Following the purchase, Mr Gunn is taken to be interested in £210,000 Loan Notes.  The Loan Notes are convertible into ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") at a conversion price of 16.66p per Ordinary Share.

 

Mr Gunn also has a beneficial interest in 4,837,500 Ordinary Shares, representing 1.6% of the Ordinary Shares with voting rights in the Company, and 3 million share options.

 

 

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 Public Relations

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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