3rd Oct 2011 15:02
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that it has today received notification that, on 30 September 2011, Kestrel Partners LLP ("Kestrel") acquired 50,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), at a price of 65p.
Following the purchase, Kestrel Opportunities holds 2,396,310 Ordinary Shares, representing 4.28 % of the issued share capital of the Company, and clients advised by Kestrel on a discretionary basis hold 28,690 Ordinary Shares, representing 0.05 % of the issued share capital of the Company.
Oliver Scott, Non-Executive Director of KBC, is a founding partner of and holds a beneficial interest in Kestrel, the investment manager of Kestrel Opportunities, and is a shareholder in Kestrel Opportunities. Mr Scott therefore has a legal interest in a total of 2,425,000 Ordinary Shares, representing 4.33 % of the issued capital of the Company.
KBC Advanced Technologies plc
Janet Ireland, Company Secretary 01932 242424
Cenkos Securities plc
Jon Fitzpatrick 0207 397 8900
Neil McDonald 0131 220 9771
Related Shares:
KBC.L