RNS Number : 9703F
Kentz Corporation Ltd
22 June 2012
22 June 2012
Kentz Corporation Limited (the "Company")
Significant Shareholding and Director's Dealing
London, 22 June 2012: Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, received notification on 22 June 2012 from Danache Holdings Limited ("Danache") that on 20 June 2012, it reduced its shareholding by 744,740 ordinary shares of 1p each in the Company ("Ordinary Shares") at an average price of 357 pence per Ordinary Share (the "Sale").
Of the 744,740 Ordinary Shares sold the following persons discharging managerial responsibility ("PDMR") sold shares:
|
|
Shares sold
|
Resultant holding
|
Percentage of issued share capital
|
|
James Moore
|
52,739
|
0
|
0
|
|
Eamonn Ohanlon
|
98,543
|
0
|
0
|
|
Adrian Griffin
|
2,444
|
60,583
|
0.05%
|
The resultant Danache holding of 3,552,374 Ordinary Shares has been transferred to current and former employees including the following PDMRs (the "Transfer"):
|
|
Shares transferred
|
Resultant holding
|
Percentage of issued share capital
|
|
Ed Power
|
1,018,936
|
1,018,936
|
0.88%
|
|
Adrian Griffin
|
56,152
|
60,583
|
0.05%
|
|
Michael Murphy
|
234,496
|
234,496
|
0.20%
|
Following the Sale and Transfer, Danache will hold no Ordinary Shares in the Company.
Danache was established prior to the Company's IPO as part of a management incentivisation arrangement on behalf of 83 members of the Company's senior management (excluding the directors, other than Ed Power).
For further information please refer to the Kentz website www.kentz.com or contact:
Kentz Corporation Limited
Tel: +44 (0)20 3159 4001
Elizabeth Rous
Ronan Tyrrell
About Kentz
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 2011, the company generated revenues of $1.37 billion and profit before tax of $79.4 million. Kentz has over 14,000 employees in 29 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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