Renovo20 Sep 2011 12:45
20th September 2011
Notification of Interest and Director's Dealings
Renovo Group plc has received notification that on 16 September 2011, Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), acquired 450,000 ordinary shares in the Company at a price of 14.17 pence per share.
Kestrel Partners LLP, which Max Royde (Non-executive Director of the Company) is a partner of and holds a beneficial interest in, is the investment manager to Kestrel Opportunities. Mr Royde is also a shareholder in Kestrel Opportunities.
Kestrel Opportunities holds 10,221,942 ordinary shares in the Company, which represents approximately 5.37 per cent of the Company's issued share capital.