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16 Jan 2015 16:49
16 January 2015
KBC ADVANCED TECHNOLOGIES PLC
(the "Company")
DIRECTORS' SHAREHOLDINGS
The Company announces that on 16 January 2015 the executive directors shown below exercised share options as set out below over ordinary shares in the Company of 2.5p nominal value ("Shares").
Andrew John Howell exercised an option under the Company's Long Term Incentive Plan 2006 to acquire 50,000 Shares at nil cost. Mr Howell sold 16,383 Shares at a price of £0.88 per share in order to settle taxes due upon exercise.
Mr Howell also exercised an option under the Company's Discretionary Share Option Plan 2013 to acquire 32,500 Shares at a cost of £0.025 per share. Mr Howell sold 11,274 Shares at a price of £0.88 per share in order to meet the cost of the exercise and settle taxes due upon exercise.
Mr Kevin Edward Smith exercised an option under the Company's Discretionary Share Option Plan 2013 to acquire 42,500 Shares at a cost of £0.025 per share. Mr Smith sold 16,607 Shares at a price of £0.88 per share in order to meet the cost of the exercise and settle taxes due upon exercise.
Following the above transactions, Mr Howell is interested in 54,843 Shares, representing approximately 0.07% of the issued share capital of the Company, and holds options over 151,500 Shares.
Following the above transactions, Mr Smith is interested in 47,683 Shares, representing approximately 0.06% of the issued share capital of the Company, and holds options over 127,500 Shares.
Enquiries:
KBC Advanced Technologies plc
Janet Ireland, Company Secretary Tel: 01932 242424
Cenkos Securities plc
Bobbie Hilliam, NOMAD Tel: 020 7397 8900
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