26th Sep 2012 07:00
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that, on 25 September 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").
·; Ian Godden, Non-Executive Chairman, acquired 37,500 Ordinary Shares on 25 September 2012 at a price of 53.2 pence per Ordinary Share. Following this purchase, Mr. Godden holds 157,500 Ordinary Shares of the Company, representing 0.27% of the issued share capital of the Company.
·; Kestrel Partners LLP ("Kestrel") acquired 175,000 Ordinary Shares at a price of 52.88 pence per Ordinary Share and 100,000 Ordinary Shares at a price of 53 pence per Ordinary Share on 25 September 2012 on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities").
In addition, as part of the share subscription referred to in the Company's announcement on 25 September 2012, Kestrel has subscribed on behalf of Kestrel Opportunities for a further 200,000 Ordinary Shares in addition to the 960,000 Ordinary Shares announced on 25 September 2012.
Following the transactions referred to above, Kestrel Opportunities holds 4,367,810 Ordinary Shares, representing 7.43% of the enlarged 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 4,367,81 Ordinary Shares, representing 7.43% of the enlarged 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