KBC Advanced Technologies plc Director/PDMR Shareholding (1006I)
May 27 2014 - 5:36AM
UK Regulatory
TIDMKBC
RNS Number : 1006I
KBC Advanced Technologies plc
27 May 2014
27 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, 100,000 ordinary shares ("Shares") in the Company at a
price of GBP1.21 per share and on 23 May 2014 it acquired, on
behalf of its discretionary clients, 25,000 Shares at a price of
GBP1.21 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 8,411,497 Shares in
the Company.
Following this transaction, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a legal beneficial interest
in) 7,663,863 Shares in the Company. Kestrel's other discretionary
clients, in which Mr Scott has no legal beneficial interest, hold a
further 872,634 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over
8,536,497 Shares in the Company, which represents approximately
14.31 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 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 Nominee No. of shares % of issued share
type capital
Indirect Rose Nominees Limited 7,663,863 12.84%
Indirect JIM Nominees Limited 872,634 1.46%
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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