KBC Advanced Technologies plc Director/PDMR Shareholding (1072Z)
December 08 2014 - 6:15AM
UK Regulatory
TIDMKBC
RNS Number : 1072Z
KBC Advanced Technologies plc
08 December 2014
8 December 2014
KBC Advanced Technologies plc
Director's Dealings & DTR disclosure
KBC Advanced Technologies plc (the "Company" or "KBC") received
notification on 5 December 2014 from Kestrel Partners LLP
("Kestrel") that on 5 December 2014 it acquired, on behalf of its
discretionary clients, 50,000 ordinary shares in the Company at a
price of GBP0.869 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 10,581,497 ordinary
shares in the Company.
Following this transaction, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a legal beneficial interest
in) 9,570,928 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
10,631,497 ordinary shares in the Company, which represents
approximately 13.03 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) 9,570,928 11.73%
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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