com:20090928:Rnsb7258Z
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RNS Number : 7258Z  
  
Kentz Corporation Ltd  
  
28 September 2009  
  
Kentz Corporation Limited   
  
(the "Company")  
  
Significant Shareholding  
  
London, Monday 28 September 2009: Kentz Corporation Limited (LSE: KENZ), the 
holding company of the Kentz engineering and construction group, received 
notification on 25 September 2009 from Danache Holdings Limited ("Danache") that 
on 18 September 2009, it reduced its shareholding by 803,643 ordinary shares of 
1p each in the Company ("Ordinary Shares") (the "Disposal").  
  
Following the Disposal, Danache holds 12,535,570 Ordinary Shares, representing 
approximately 10.77 per cent of the Company's voting rights.  
  
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, Chief Financial 
Officer of the Company). For the avoidance of doubt, Ed Power elected to retain 
his share entitlement within Danache and therefore did not receive any proceeds 
from the Disposal.  
  
Pursuant to the terms of the share purchase agreements, as detailed in the AIM 
Admission Document, Danache is able to, inter alia, distribute up to 66.67 per 
cent. of the value of its Ordinary Shares if a profit target is achieved, which 
has now been achieved. As a result, 8,892,807 Ordinary Shares are now free to be 
distributed, of which only 9.04% of this number have been disposed of, as 
described above.  
  
For more information about Kentz please refer to our website www.kentz.com or 
contact   
  
Evolution Securities Limited (Nomad and Broker)   
  
Tel: +44 (0)20 7071 4300  
  
Rob Collins  
  
Chris Sim  
  
Tim Redfern  
  
Powerscourt (Financial PR advisors)  
  
Tel: +44 (0)20 7250 1446  
  
Elizabeth Rous  
  
Rob Greening  
  
About Kentz  
  
Kentz is a global engineering contractor, which serves a blue chip client base 
primarily in the oil and gas, petrochemical and mining and metals sectors. It is 
listed on the AIM market of the London Stock Exchange (symbol: KENZ). In the 
year ending December 2008, the company generated revenues of $643.4 million and 
profit before tax of $40.7 million.    
  
Kentz has over 10,000 employees in 23 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  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
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