KBC Advanced Technologies plc Director/PDMR Shareholding (6694C)
October 19 2015 - 5:26AM
UK Regulatory
TIDMKBC
RNS Number : 6694C
KBC Advanced Technologies plc
19 October 2015
19 October 2015
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 16
October 2015 it acquired, on behalf of its discretionary clients,
125,000 ordinary shares in the Company at a price of GBP1.20 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 12,881,871 ordinary
shares in the Company.
Following this transaction, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a legal beneficial interest
in) 10,857,550 ordinary shares in the Company. Kestrel's other
discretionary clients, in which Mr Scott has no legal beneficial
interest, hold a further 2,149,321 ordinary shares in the
Company.
On a combined basis, Kestrel indirectly holds voting rights over
13,006,871 ordinary shares in the Company, which represents
approximately 15.76 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:
Holding % of issued
type Nominee No. of shares share capital
BNY Mellon a/c (Butterfield
Indirect Bank Guernsey Limited) 10,857,550 13.15%
Indirect JIM Nominees Limited 1,289,321 1.56%
Bank of New York
Indirect Nominees Ltd 860,000 1.04%
- ENDS -
Enquiries
KBC Advanced Technologies
plc
Janet Ireland, Company Tel 01932 242424
Secretary
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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