30th Sep 2013 18:04
30 September 2013
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that on 30 September July 2013 it received notification of the following dealings by a director of the Company and his related parties in the ordinary shares of 2.5p each in the Company (the "Ordinary Shares").
Kestrel Partners LLP ("Kestrel") acquired 36,000 Ordinary Shares at a price of 84.0 pence per Ordinary Share on 27 September 2013 on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities").
Further, Kestrel acquired an additional 115,353 Ordinary Shares at a price of 84.0 pence per Ordinary Share on 30 September 2013 on behalf of Kestrel Opportunities.
Following the transactions referred to above, Kestrel Opportunities holds 7,303,863 Ordinary Shares, representing 12.4% 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 7,303,863 Ordinary Shares, representing 12.4% of the issued share capital of the Company.
KBC Advanced Technologies plc
Janet Ireland, Company Secretary, Tel 01932 242424
Cenkos Securities plc
Bobbie Hilliam, Tel 020 7397 8900
Related Shares:
KBC.L