KBC Advanced Technologies plc Director's Dealings & DTR disclosure (9315H)
May 23 2014 - 5:56AM
UK Regulatory
TIDMKBC
RNS Number : 9315H
KBC Advanced Technologies plc
23 May 2014
23 May 2014
KBC Advanced Technologies plc
("KBC" or "the Company")
Director's Dealings & DTR disclosure
KBC Advanced Technologies plc (the "Company" or "KBC") received
notification on 23 May 2014 from Kestrel Partners LLP ("Kestrel")
that on 22 May 2014 it acquired, on behalf of its discretionary
clients, 160,000 ordinary shares in the Company at a price of
GBP1.209375 per share.
Kestrel is the investment manager to Kestrel Opportunities, a
cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"),
and various other clients. This disclosure relates to indirect
shares and voting rights in the Company that are managed by Kestrel
on a discretionary basis.
Oliver Scott (Non-Executive Director of KBC) is a partner of,
and holds a beneficial interest in, Kestrel. Mr Scott is also a
shareholder in Kestrel Opportunities and is therefore deemed to
have a legal beneficial interest in Kestrel Opportunities' entire
legal holding in KBC.
Prior to this purchase of shares, Kestrel on a combined basis
indirectly held shares and voting rights over 8,251,497 ordinary
shares in the Company.
Following this transaction, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a legal beneficial interest
in) 7,538,863 ordinary shares in the Company. Kestrel's other
discretionary clients, in which Mr Scott has no legal beneficial
interest, hold a further 872,634 ordinary shares in the
Company.
On a combined basis, Kestrel indirectly holds voting rights over
8,411,497 ordinary shares in the Company, which represents
approximately 14.10 per cent of the Company's issued share
capital.
Save as disclosed above, Mr Scott is not interested in any
further shares in KBC, either directly or indirectly.
This disclosure does not include the 1,500,000 new ordinary
shares in KBC that Kestrel subscribed for under the Placing which
was announced on 22 May 2014. These shares will only be allotted
following approval of the resolutions to be proposed at the
Company's General Meeting due to be held on 9 June 2014.
Kestrel's interest in KBC is held through the following
nominees:
Holding % of issued share
type Nominee No. of shares capital
Indirect Rose Nominees Limited 7,538,863 12.64%
Indirect JIM Nominees Limited 872,634 1.46%
Enquiries:
KBC Advanced Technologies plc
Janet Ireland, Company Secretary, Tel 01932 242424
Cenkos Securities plc
Bobbie Hilliam, Tel 020 7397 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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