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16 May 2013 11:21
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16 May 2013
KBC Advanced Technologies plc
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("KBC" or "the Company")
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Directors Dealing
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The Company announces that it has today received a further notification of dealings by a director of the Company and his related parties in the ordinary shares of 2.5p each in the Company (the "Ordinary Shares").
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In addition to the purchase of 50,000 Ordinary Shares by Kestrel Partners LLP ("Kestrel"), as announced by the Company today at 07.00am, Kestrel acquired a further 200,000 Ordinary Shares at a price of 75.00 pence per Ordinary Share on 15 May 2013 on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities").
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Following the transaction referred to above, Kestrel Opportunities holds 6,752,510 Ordinary Shares, representing 11.43% of the issued share capital of the Company.
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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 6,752,510 Ordinary Shares, representing 11.43% of the issued share capital of the Company.
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KBC Advanced Technologies plc
Janet Ireland, Company Secretary, Tel 01932 242424
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Cenkos Securities plc
Bobbie Hilliam, Tel 020 7397 8900
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