KBC Advanced Technologies plc Director/PDMR Shareholding (9297R)

TIDMKBC

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                                                       % of issued 
  type       Nominee                        No. of shares    share capital 
             BNY Mellon a/c (Butterfield 
 Indirect     Bank Guernsey Limited)           10,805,050           13.13% 
 Indirect    JIM Nominees Limited               1,282,431            1.56% 
             The Bank of New 
 Indirect     York Nominees Limited               387,500            0.47% 
 

- ENDS -

 
 Enquiries 
 
 KBC Advanced Technologies 
  plc 
 Janet Ireland, Company      Tel [phone] 
  Secretary 
 
 Cenkos Securities plc 
 Bobbie Hilliam              Tel [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSSSDFWFFISEFW