10th Oct 2014 18:11
LONDON (Alliance News) - KBC Advanced Technologies PLC Friday said that Kestrel Partners LLP has acquired 20,000 shares in the company on behalf of its discretionary clients at 88 pence each.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd, and other clients.
The disclosure relates to indirect shares and voting rights in the company that are managed by Kestrel on a discretionary basis.
KBC Advanced Technologies Non-Executive Director Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel. Scott is also a shareholder in Kestrel Opportunities, meaning he is deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.
Following the deal, Kestrel Opportunities holds - and consequently Scott is deemed to have a legal beneficial interest in - 9.4 million shares in the company. Kestrel's other discretionary clients, in which Scott has no legal beneficial interest, hold a further 1.1 million shares in the company.
On a combined basis, Kestrel indirectly holds voting rights over 10.4 million shares in the company, which represents about 12.73% of the company's issued share capital.
By Samuel Agini; [email protected]; @samuelagini
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