KBC Kbc Adv.Tech.

 

TIDMKBC 
 
RNS Number : 3826W 
KBC Advanced Technologies plc 
18 November 2010 
 

 
 
 
 
                                                                18 November 2010 
 
                         KBC Advanced Technologies plc 
                      ("KBC", "the Group" or "the Company") 
 
                                  Board Changes 
 
KBC announces that the Board has been informed of Ian Miller's resignation as a 
Director and Chairman effective 31 December 2010 due to the pressure of his 
other work commitments.  With effect from 1 January 2011, Ian Godden, currently 
the Senior Independent Director, will take over as Chairman and Michael Kirk 
will become the Senior Independent Director. 
 
The Board is pleased to announce the appointment of Oliver Rupert Andrew Scott 
(aged 42) as a Non-Executive Director with effect from 1 December 2010.  Oliver 
will bring to the Board valuable investment and corporate finance experience, 
particularly with smaller quoted companies.  He is a partner of Kestrel Partners 
LLP, investment managers and advisors, and was formerly a director of Corporate 
Finance at KBC Peel Hunt, stockbrokers and financial advisors.  Oliver has also 
been a Non-Executive Director of ClearSpeed Technology Ltd since September 2009. 
 
Kestrel Partners LLP, of which Oliver Scott is a founding partner and in which 
he holds a beneficial interest, is the investment manager to each of Kestrel 
Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel 
Opportunities"), and Zaphiriou Zarifi Overseas Equities Inc. ("ZOE").  Kestrel 
Opportunities currently holds 1,655,000 ordinary shares and ZOE holds 995,000 
ordinary shares, each in the capital of the Company.  Mr Scott is a shareholder 
in Kestrel Opportunities.  These holdings combined represent approximately 4.78 
per cent of the Company's current issued share capital. 
 
Save as disclosed above, there is no information in relation to the appointment 
of Oliver Scott which is required to be disclosed pursuant to Schedule 2 
paragraph (g) of the AIM Rules. 
 
The Board would like to thank Ian Miller for his contribution to KBC over the 
six years that he has been on the Board, particularly in steering the Group 
through a difficult economic period, and wish him well in his future endeavours. 
 
                                     -Ends- 
 
+--------------------------------------+-----------------------+ 
| Enquiries:                           |                       | 
|                                      |                       | 
| KBC Advanced Technologies plc        |                       | 
+--------------------------------------+-----------------------+ 
| Ian Godden, Senior Independent       |          01932 236314 | 
| Director                             |                       | 
+--------------------------------------+-----------------------+ 
|                                      |                       | 
+--------------------------------------+-----------------------+ 
| Cenkos Securities plc                |                       | 
+--------------------------------------+-----------------------+ 
| Jon Fitzpatrick                      |         0207 397 8900 | 
| Beth McKiernan                       |         0131 220 6939 | 
+--------------------------------------+-----------------------+ 
 
 
About KBC: 
 
For 30 years KBC's consultants have provided independent strategic and 
engineering expertise to enable leading companies in the global energy business 
and other process industries to manage risk while maximising value from their 
assets.  In times of economic uncertainty and increasing environmental pressure, 
KBC's proprietary methodologies and innovative tools guide its clients' key 
strategic decisions, enabling them to prioritise and implement initiatives that 
maximise return on investment, and improve operational performance.  KBC offers 
Strategic and Market, Capital Investment, Operating, Organisational, and 
Environmental Solutions.  For more information, visit www.kbcat.com 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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