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HYR - Hydrodec News Story

3.75p 0.0  0.0%

Last Trade - 1:47pm

Market Cap £1.06m
Enterprise Value £11.7m
Revenue £12.2m
Position in Universe 1781st / 1809

Directors dealing

Tue 17th January, 2012 3:24pm
RNS Number : 7165V
HydroDec Group plc
17 January 2012
 



17 January 2012

 

 

Hydrodec Group plc

 (the "Company") 

 

 

Director's Dealings in Securities

 

The Company has today received notification that certain family trusts of which John Gunn, a non-executive director of the Company, is a trustee but non-beneficiary have yesterday and today sold in aggregate 400,000 ordinary shares in the Company ("Shares") at a price of 10.36p per Share.

Mr Gunn's beneficial holding of Ordinary Shares remains 5,037,500 (which represents approximately 1.2 per cent. of the issued voting Shares).  Mr Gunn also has a beneficial interest in options over 3 million Shares and in £111,000 of the Company's convertible unsecured loan stock ("CULS").  In addition, following the sale, Mr Gunn will be taken to be interested for the purposes of the AIM rules in a further 1,735,000 Shares and in a further £99,000 of CULS by virtue of being a trustee (but non-beneficiary) of certain family trusts and in a further 5,899,249 Shares and in a further £827,955 of CULS through his and his family's shareholding in Ludgate 181 (Jersey) Limited, a Jersey investment company.

 

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

 


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