Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hydrodec Group Plc | LSE:HYR | London | Ordinary Share | GB00BFD2QZ40 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.25 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHYR
RNS Number : 9029X
HydroDec Group plc
24 December 2019
24 December 2019
Hydrodec Group plc
("Hydrodec", the "Company" or the "Group")
Financing update
Since the Company's interim results, the Board has continued to explore various options as part of its turnaround programme.
During this time, and as disclosed in the Company's interim results, Andrew Black has continued to support the Group, providing cash of approximately US$1.3 million since 30 June 2019. Terms for these loans, together with the extension of the existing loans, have yet to be fully agreed with documentation and full agreement expected to be concluded in January 2020. Such terms will constitute a related party transaction pursuant to AIM Rule 13.
The Company will continue to pursue other financing and strategic options into the early part of 2020, including the re-financing of the Canton plant. Further announcements will be made in due course.
For further information, please contact:
Hydrodec Group plc hydrodec@vigocomms.com Chris Ellis, Chief Executive Officer and Interim Executive Chairman Arden Partners plc (Nominated Adviser and Broker) 0207 614 5900 Corporate Finance: Ciaran Walsh, Victoria Hodge Equity Sales: Aimee Kerslake Vigo Communications (PR adviser to Hydrodec) 020 7390 0240 Patrick d'Ancona Chris McMahon Charlie Neish
The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
December 24, 2019 02:00 ET (07:00 GMT)
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