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16 May 2013 11:21
16 May 2013
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
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").
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").
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.
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.
KBC Advanced Technologies plc
Janet Ireland, Company Secretary, Tel 01932 242424
Cenkos Securities plc
Bobbie Hilliam, Tel 020 7397 8900
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