25th Oct 2012 10:44
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that on 24 October 2012 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 50,000 Ordinary Shares at a price of 52 pence per Ordinary Share on 23 October 2012 and 100,000 Ordinary Shares at a price of 52.5 pence per Ordinary Share on 24 October 2012 on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities").
Following the transaction referred to above, Kestrel Opportunities holds 5,192,810 Ordinary Shares, representing 8.83% 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 5,192,810 Ordinary Shares, representing 8.83% of the issued share capital of the Company.
25 October 2012
KBC Advanced Technologies plc
Janet Ireland, Company Secretary, Tel 01932 242424
Cenkos Securities plc
Bobbie Hilliam, Tel 020 7397 8900
Related Shares:
KBC.L