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Director/PDMR Shareholding

26th Sep 2011 12:10

RNS Number : 9250O
KBC Advanced Technologies plc
26 September 2011
 



KBC Advanced Technologies plc

 

("KBC" or "the Company")

 

Directors Dealing

 

The Company announces that it has today received notification that, on 23 September 2011, Kestrel Partners LLP ("Kestrel") acquired 201,310 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and 28,690 Ordinary Shares on behalf of one of Kestrel's discretionary investment management clients, in each case at a price of 61p.

 

Following the purchase, Kestrel Opportunities holds 2,346,310 Ordinary Shares, representing 4.19 % of the issued share capital of the Company, and clients advised by Kestrel on a discretionary basis hold 28,690 Ordinary Shares, representing 0.05 % 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 2,375,000 Ordinary Shares, representing 4.24 % of the 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

 

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