KBC Advanced Technologies plc Director/PDMR Shareholding (6694C)

TIDMKBC

RNS Number : 6694C

KBC Advanced Technologies plc

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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