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HYR - Hydrodec News Story

3.45p -0.3  -8.0%

Last Trade - 23/09/20

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

Directors Dealing

Wed 18th January, 2012 5:35pm
RNS Number : 8044V
HydroDec Group plc
18 January 2012

18 January 2012



Hydrodec Group plc

 (the "Company") 



Director's Dealings in Securities


The Company has today received notification that John Gunn, a non-executive director of the Company, has transferred by way of gift 500,000 ordinary shares in the Company ("Shares") to the Gunn Family Charitable Trust, of which he is a founder and trustee but non-beneficiary. 

The Company has also received notification that The 181 Fund Limited, a Jersey investment company, has sold 250,000 Shares at 10p per Share on 17 January and a further 750,000 Shares at 10.2p per Share today.  Mr Gunn is taken to be interested in these sales, for the purposes of the AIM rules, through his and his family's shareholding in that company.

Following the transfer Mr Gunn's beneficial holding of Shares is 4,537,500 (which represents approximately 1.1 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 transfer and the sales, Mr Gunn will be taken to be interested for the purposes of the AIM rules in a further 2,235,000 Shares and £99,000 of CULS by virtue of being a trustee (but non-beneficiary) of certain family and charitable trusts and in a further 4,899,249 Shares and £827,955 of CULS through his and his family's shareholding in The 181 Fund Limited.



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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