HydroDec Group plc 2017 Annual Report and Accounts and Notice of AGM (2273Q)
June 04 2018 - 8:32AM
UK Regulatory
TIDMHYR
RNS Number : 2273Q
HydroDec Group plc
04 June 2018
4 June 2018
Hydrodec Group plc
("Hydrodec", the "Company" or the "Group")
Report and accounts
Notice of AGM
Hydrodec Group plc (AIM: HYR), the cleantech industrial oil
re-refining group, has today issued and posted to those
shareholders who have requested (or been deemed to have requested)
hard copy documents, its Annual Report and Accounts for the year
ended 31 December 2017, including a notice convening the Annual
General Meeting ("AGM"). This document will shortly be available
for viewing on the Company's website (www.hydrodec.com).
The AGM is to be held at the offices of the offices of CMS
Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon
Street, London EC4N 6AF at 10.00am on Wednesday 27 June 2018.
Registered shareholders and/or duly authorised corporate
representatives or proxies intending to attend the AGM are advised
to bring evidence of their shareholding or authorisation with
them.
For further information, please contact:
Hydrodec Group plc hydrodec@vigocomms.com
Lord Moynihan, Executive Chairman
and Interim Chief Executive Officer
Arden Partners plc (Nominated Adviser
and Broker) 0207 614 5900
Chris Hardie
Ciaran Walsh
Alex Penney
Vigo Communications (PR adviser
to Hydrodec) 020 7830 9700
Patrick d'Ancona
Chris McMahon
Notes to Editors:
Hydrodec's technology is a proven, highly efficient, oil
re-refining and chemical process principally targeted at the
multi-billion US$ market for transformer oil used by the world's
electricity industry. MarketsandMarkets forecasts that the global
transformer oil market is expected to grow from US$1.98 billion in
2015 to US$2.79 billion by 2020 at a CAGR of 7.14% from 2015 to
2020. Used transformer oil is currently processed at two commercial
plants with distinct competitive advantage delivered through very
high recoveries (near 100%), producing 'as new' high quality oils
at competitive cost and without environmentally harmful emissions.
The process also completely eliminates PCBs, a toxic additive
banned under international regulations.
In 2016 Hydrodec received carbon credit approval from the
American Carbon Registry ("ACR"), enabling its product to be sold
with a carbon offset and creating an incremental revenue stream.
The Group is now generating carbon offsets through the re-refining
of used transformer oil, which would otherwise ordinarily be
incinerated or disposed of in an unsustainable manner. This is a
highly distinctive feature for the Group, confirming (as far as the
Board is aware) Hydrodec as the only oil re-refining business in
the world to receive carbon credits for its output. This is a
significant endorsement of the Company's proprietary technology and
standing as a leader in its field.
Hydrodec's plants are located at Canton, Ohio, US and Bomen, New
South Wales, Australia.
Hydrodec's shares are listed on the AIM Market of the London
Stock Exchange. For further information, please visit
www.hydrodec.com.
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
NOAZMGGVFDRGRZM
(END) Dow Jones Newswires
June 04, 2018 09:32 ET (13:32 GMT)
Hydrodec (LSE:HYR)
Historical Stock Chart
From Apr 2024 to May 2024
Hydrodec (LSE:HYR)
Historical Stock Chart
From May 2023 to May 2024