RNS Number : 1506V
Kentz Corporation Ltd
06 January 2012
Kentz Corporation Limited (the "Company")
Share purchase by Employee Benefit Trust
London 6 January 2012: Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, was notified on 5 January 2012 that the Kentz Corporation Limited Employee Benefit Trust (the "EBT") purchased 283,520 Ordinary Shares in the Company between 3 January and 5 January 2012 at an average price of 450 pence per Ordinary Share.
Consequently, the EBT holds 384,633 Ordinary Shares, representing approximately 0.33 per cent of the Company's issued share capital.
The figure 116,371,470 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Kentz Corporation Limited under the Company's Articles of Association.
For further information please contact:
Kentz Corporation Limited
Tel: +44 (0)20 3159 4000
Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). In the year ending December 2010, the company generated revenues of US$1.06 billion and profit before tax of US$67.5 million.
Kentz has over 11,500 employees in 28 countries. Its three main business lines are; specialist engineering, procurement and construction (EPC) services, construction, and technical support services. It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth.
Please find further information on the Kentz website www.kentz.com
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