Hydrodec Group - Positive update on insurance payments and negotiations
HYR Mon, 22 Sep 2014, 05:30am BST
Hydrodec Group is pleased to announce a further interim payment in respect of the Company's insurance claim relating to the incident at the Canton re-refinery that occurred on 1 December 2013. The Company has received confirmation from its insurers of their agreement to make further interim payments of USD 6.5 million, in aggregate, of which USD 3 million has been received by the Company as at today's date. As a result the total interim payments received or agreed to be paid are USD 12 million.
Ian Smale
Chief Executive
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