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Director/PDMR Shareholding

1st Jul 2015 18:14

RNS Number : 9297R
KBC Advanced Technologies plc
01 July 2015
 

1 July 2015

 

 

KBC Advanced Technologies plc

 

Director's Dealings & DTR disclosure

 

KBC Advanced Technologies plc (the "Company" or "KBC") received notification from Kestrel Partners LLP ("Kestrel") that earlier today it transferred 387,500 ordinary shares in the Company from its State Street Nominee account to its Bank of New York Nominee account. Following this transfer, Kestrel's shareholding in the Company remains unchanged.

 

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.

 

Oliver Scott (Non-Executive Director of KBC) is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.

 

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 10,805,050 ordinary shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 1,669,931 ordinary shares in the Company.

 

On a combined basis, Kestrel still indirectly holds voting rights over 12,474,981 ordinary shares in the Company, which represents approximately 15.16 per cent of the Company's issued share capital.

 

Save as disclosed above, Mr Scott has no interest in any further shares in KBC, either directly or indirectly.

 

Kestrel's interest in KBC is now held through the following nominees:

 

Holding type

Nominee

No. of shares

% of issued share capital

Indirect

BNY Mellon a/c (Butterfield Bank Guernsey Limited)

10,805,050

13.13%

Indirect

JIM Nominees Limited

1,282,431

1.56%

Indirect

The Bank of New York Nominees Limited

387,500

0.47%

 

- ENDS -

Enquiries

 

 

 

KBC Advanced Technologies plc

 

Janet Ireland, Company Secretary

Tel 01932 242424

 

 

Cenkos Securities plc

 

Bobbie Hilliam

Tel 020 7397 8900

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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