Sale of shares in HYR
10 Décembre 2007 - 8:00AM
UK Regulatory
RNS Number:5120J
Virotec International PLC
10 December 2007
VIROTEC INTERNATIONAL PLC
10 December 2007
Sale of Shares
The Directors of Virotec International plc ("Virotec") (AIM:VTI) are pleased to
announce that it has secured ongoing funding for the Group's operations.
Virotec has sold 5.5 million shares in Hydrodec Group plc ("Hydrodec") at a
price of #0.20 per share returning #1.1 million before costs. Virotec has agreed
to enter into a lock-in agreement with Hydrodec not to reduce its interest
further in Hydrodec for a period of 12 months. Virotec retains 54.5 million
shares in Hydrodec representing an interest of approximately 28.1%, which has a
current market value of approximately #10.9 million.
Executive Chairman, Brian Sheeran, comments "This share sale provides Virotec
with sufficient capital to implement its current operational strategy."
For further information please contact Angus Craig, Company Secretary on +617
5573 3353 or by email at mail@virotec.com.
VIROTEC INTERNATIONAL plc
Company Number 5796515
www.virotec.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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