Kenmare Resources Kenmare Resources : Update Disclosure Of Relevant Securities In Issue Pursuant To Rule 2.10
August 31 2015 - 10:30AM
UK Regulatory
TIDMKMR
Kenmare Resources plc ("Kenmare" or "the Company")
31 August 2015
Update disclosure of relevant securities in issue pursuant to Rule 2.10
In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997
Takeover Rules, 2013 ("Takeover Rules"), Kenmare confirms that it has
2,781,905,503 ordinary shares of nominal value EUR0.06 each ("Ordinary
Shares") in issue and admitted to listing on the Official List of the
United Kingdom Listing Authority and the Official List of the Irish
Stock Exchange and to trading on the respective main markets for listed
securities of the London Stock Exchange and of the Irish Stock Exchange.
The ISIN code for Kenmare Ordinary Shares is IE0004879486. These details
are unchanged from the disclosure made under Rule 2.10 on 2 April 2015.
Kenmare also confirms that it has 57,317,850 warrants in issue.
50,060,000 of these warrants ("Warrants") entitle the holder to
subscribe for one Ordinary Share in the Company at an exercise price of
Stg29.09p. The Warrants, which are not listed or admitted to trading and
which have limited transferability rights, have a subscription period of
16 November, 2014 to 16 November, 2019. In addition, 7,257,850 warrants
held by Absa Bank Limited have an exercise price of Stg11p, are
exercisable for a seven year period from 16 November 2014 and are
otherwise on substantially the same terms as the Warrants. These details
are unchanged from the disclosure made under Rule 2.10 on 2 April 2015.
In addition there are 46,589,668 options over Ordinary Shares
outstanding under the Company's share option scheme. This reflects a
reduction of 4,000,000 options as against the number disclosed on 2
April 2015 pursuant to Rule 2.10. This reduction is as a result of the
lapsing of unexercised options held by former employees. Furthermore,
Performance Share Awards in respect of 6,875,622 Ordinary Shares are
outstanding. These Performance Share Awards take the form of options
over Ordinary Shares with no exercise price and are subject to certain,
previously disclosed, vesting conditions. These details are unchanged
from the disclosure made under Rule 2.10 on 2 April 2015. For further
information, please contact:
Kenmare Resources plc
Michael Carvill, Managing Director Tel: +353 1 671 0411 Mob: + 353 87
674 0110 Tony McCluskey, Financial Director Tel: +353 1 671 0411 Mob: +
353 87 674 0346 Jeremy Dibb, Corporate Development & Investor Relations
Manager Tel: +353 1 671 0411 Mob: +353 87 943 0367
The Directors of Kenmare accept responsibility for the information
contained in this announcement. To the best of their knowledge and
belief (having taken all reasonable care to ensure such is the case),
the information contained in this announcement is in accordance with the
facts and does not omit anything likely to affect the import of such
information.
This announcement is not intended to, and does not, constitute or form
part of any offer, invitation or the solicitation of an offer to
purchase, otherwise acquire, subscribe for, sell or otherwise dispose of,
any securities whether pursuant to this announcement or otherwise. The
distribution of this announcement in jurisdictions outside Ireland or
the United Kingdom may be restricted by law and therefore persons into
whose possession this announcement comes should inform themselves about,
and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities law of any
such jurisdiction.
Any holder of 1% or more of any class of relevant securities of Kenmare
or Iluka Resources Limited may have disclosure obligations under Rule
8.3 of the Takeover Rules effective from 26 June 2014, the date of the
commencement of the offer period for Kenmare under the Takeover Rules.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Kenmare Resources via Globenewswire
HUG#1948664
http://www.kenmareresources.com/
(END) Dow Jones Newswires
August 31, 2015 11:30 ET (15:30 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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