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HYR - Hydrodec News Story

3.4p 0.0  0.0%

Last Trade - 4:40pm

Market Cap £965k
Enterprise Value £11.6m
Revenue £12.2m
Position in Universe 1781st / 1807

Directorate Change

Mon 30th January, 2012 1:13pm
RNS Number : 4001W
HydroDec Group plc
30 January 2012

30 January 2012



Hydrodec Group plc

(the "Company") 



Directorate Change



The Board of Hydrodec Group plc, the cleantech industrial oil re-refining group (AIM:HYR), announces that John Gunn, Deputy Chairman, will step down  from the Board with effect from 31 January, 2012 in order to devote more time to his other business interests.


Neil Gaskell, Chairman, said: "On behalf of the Board I would like to express our deep appreciation to John for his great contribution to Hydrodec over the past eight years. First as Chairman and latterly Deputy Chairman, his commitment to the growth of the Company and energy in leading it, especially through its early years, have been a crucial part of its current success.  We shall all miss his contribution and wish him well in the future."


John Gunn said: "I am pleased to have played a part in the building of Hydrodec.  I am sure the new expanded management team will develop Hydrodec's environmentally-sound and unique technology further into a strong global business, of which we can all be proud."

For further information please contact:

Hydrodec Group plc

020 7786 9810

Neil Gaskell, Chairman

Mike Preen, Head of Corporate and Legal Affairs

Numis Securities Limited

020 7260 1000

Nominated Adviser: Hugh Jonathan

Corporate Broker: David Poutney, Alex Ham

Luther Pendragon

020 7618 9100       

Neil Thapar, Alexis Gore


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