KBC Advanced Technologies plc Director/PDMR Shareholding (0582U)

TIDMKBC

RNS Number : 0582U

KBC Advanced Technologies plc

10 October 2014

KBC Advanced Technologies plc

Director's Dealings & DTR disclosure

KBC Advanced Technologies plc (the "Company" or "KBC") received notification today from Kestrel Partners LLP ("Kestrel") that on 10 October 2014 it acquired, on behalf of its discretionary clients, 20,000 ordinary shares in the Company at a price of GBP0.88 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 10,396,497 ordinary shares in the Company.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 9,355,928 ordinary shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 1,060,569 ordinary shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 10,416,497 ordinary shares in the Company, which represents approximately 12.73 per cent of the Company's issued share capital.

Save as disclosed above, Mr Scott has no interest in any further shares in KBC, either directly or indirectly.

Kestrel's interest in KBC is held through the following nominees:

 
                                                                   % of issued 
 Holding type    Nominee                        No. of shares    share capital 
                 BNY Mellon a/c (Butterfield 
 Indirect         Bank Guernsey Limited)            9,355,928           11.43% 
 Indirect        JIM Nominees Limited               1,060,569            1.30%

- ENDS -

 
 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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