21st Jun 2012 07:00
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that, on 19 June 2012, it received notification of the following dealings by certain of the Company's directors and their related parties in the ordinary shares of 2.5p each in the Company (the "Ordinary Shares").
·; Nicholas Stone, the departing Finance Director, sold 349,609 Ordinary Shares on 19 June 2012 at a price of 73.25 pence per Ordinary Share. Following this disposal, Mr. Stone holds 56,000 Ordinary Shares of the Company, representing 0.1% of the issued share capital of the Company.
·; Michael Kirk, Non-Executive Director, acquired 70,000 Ordinary Shares on 19 June 2012 at a price of 73.25 pence per Ordinary Share. Following this purchase, Mr. Kirk holds 100,000 Ordinary Shares of the Company, representing 0.18% of the issued share capital of the Company.
·; Ian Godden, Non-Executive Chairman, acquired 80,000 Ordinary Shares on 19 June 2012 at a price of 73.25 pence per Ordinary Share. Following this purchase, Mr. Godden holds 120,000 Ordinary Shares of the Company, representing 0.21% of the issued share capital of the Company.
·; Kestrel Partners LLP ("Kestrel") acquired 169,000 Ordinary Shares on 19 June 2012 at a price of 73.25 pence per Ordinary Share on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"). Following the purchase, Kestrel Opportunities holds 2,932,810 Ordinary Shares, representing 5.23% 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 2,932,810 Ordinary Shares, representing 5.23% of the issued capital of the Company.
·; Kestrel acquired 31,000 Ordinary Shares on 19 June 2012 at a price of 73.25p per Ordinary Share on behalf of one of its discretionary clients. Following this purchase, various discretionary clients advised by Kestrel hold a total of 59,690 Ordinary Shares, representing 0.11% of the issued share 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