KMR Kenmare Resources Plc

 
TIDMKMR 
 
 
   Kenmare Resources plc ("Kenmare" or "the Company") 
 
   23 December 2020 
 
   Notice of Extraordinary General Meeting 
 
   Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global 
producers of titanium minerals and zircon, provides notice of an 
Extraordinary General Meeting ("EGM"). 
 
   An EGM will be held at the Company's offices at 4th Floor, Styne House, 
Hatch Street Upper, Dublin 2, D02 DY27, Ireland at 2:00pm Irish time on 
Thursday, 21 January 2021. 
 
   Until now transactions in the shares of the Company have been settled 
through the CREST system. However, after the United Kingdom withdraws 
from the European Union, it will no longer be possible to use the CREST 
system. Consequently, Kenmare, like all other Irish incorporated and 
traded PLCs, will have to migrate settlement to another system based 
within the EU called Euroclear. This is a necessity as there is no 
meaningful alternative for settlement. 
 
   While it will not materially affect the fundamental rights and benefits 
shareholders have by owning shares, the Euroclear system, which is an 
intermediated system, is administratively and legally more complicated 
than the CREST system. For those shareholders who hold their shares in 
paper outside of CREST, there will be no change to what is owned and how 
it is held. 
 
   The business of the EGM will be to consider and, if thought fit, approve 
certain resolutions relating to the replacement of CREST with the 
Euroclear system for the electronic settlement of trading in the 
Company's ordinary shares. 
 
   The Circular, the Form of Proxy and copies of the documents referred to 
in the Circular are available to view on Kenmare's website 
(www.kenmareresources.com) and will be available for inspection during 
normal business hours on any business day from the date of this letter 
until the EGM at the offices of McCann FitzGerald, Riverside One, Sir 
John Rogerson's Quay, Dublin 2. 
 
   While Kenmare expects the EGM to proceed on 21 January 2021, the health 
and safety of its shareholders, employees and others who would 
ordinarily attend an EGM is of paramount concern. The Company is obliged 
to comply with the emergency measures introduced by the Irish Government, 
which require people to stay at home and restrict public gatherings to 
limit the impact and spread of COVID-19. 
 
   Shareholders should expect the EGM to take place under constrained 
circumstances. Kenmare will ensure that all legal requirements of the 
meeting, in accordance with its Articles of Association, are satisfied 
with the minimum necessary quorum of three shareholders and physical 
distancing measures will be in place. The Company asks shareholders to 
adhere to Irish Government regulations and guidance and vote by proxy on 
the resolutions set out in the Notice of EGM as early as possible. The 
Company reserves the right to refuse entry to the meeting where 
reasonably necessary to comply with the COVID-19 related public health 
measures and advice. Further details on how to submit a proxy are set 
out in the Notice of EGM. 
 
   Kenmare will continue to closely monitor the developing situation around 
COVID-19, including the latest Government guidance, and how this may 
affect the arrangements for the EGM. Consequently, the EGM is subject to 
change, possibly at short notice. If it becomes necessary or appropriate 
to revise the current arrangements for the EGM, further information will 
be made available as quickly as possible by RNS and at 
www.kenmareresources.com. 
 
   To facilitate shareholder communication, the EGM will be broadcast by 
conference call. Details of the conference call will be available at 
www.kenmareresources.com. 
 
   Kenmare encourages shareholders who wish to submit questions at the EGM 
to do so in advance by emailing egm@kenmareresources.com 
https://www.globenewswire.com/Tracker?data=yDm_c4Gxk4UQGxAZZLQopGchVhlxDTRFQWndydiW6S2fOgZFhbbsUbaxYM1FWoXCj-E4vIHpUsX-K2XK2R6dy0Y_9oDPUUghHe3Fxfwkp0Y= 
before 2:00pm Irish time on Tuesday, 19 January 2021. 
 
   In accordance with Irish Listing Rule 6.1.59 and UK Listing Rule 14.3.6, 
the Circular and the Articles of Association of the Company in the 
proposed amended form will be submitted to the Irish Stock Exchange 
trading as Euronext Dublin and the UK's National Storage Mechanism and 
will therefore shortly be available for inspection at the following 
locations: 
 
   https://direct.euronext.com/Announcements/View-Announcements/OAM-Filing/ 
 
   and 
 
   https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
 
   For further information, please contact: 
 
   Kenmare Resources plc 
 
   Jeremy Dibb / Katharine Sutton 
 
   Investor Relations 
 
   Tel: +353 1 671 0411 
 
   Mob: + 353 87 943 0367 / + 353 87 663 0875 
 
   Murray (PR advisor) 
 
   Joe Heron 
 
   Tel: +353 1 498 0300 
 
   Mob: +353 87 690 9735 
 
   About Kenmare Resources 
 
   Kenmare Resources plc is one of the world's largest producers of mineral 
sands products. Listed on the London Stock Exchange and the Euronext 
Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. 
Moma's production accounts for approximately 7% of global titanium 
feedstocks and the Company supplies to customers operating in more than 
15 countries. Kenmare produces raw materials that are ultimately 
consumed in everyday "quality-of life" items such as paints, plastics 
and ceramic tiles. 
 
 
 
 

(END) Dow Jones Newswires

December 23, 2020 02:00 ET (07:00 GMT)

Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Mar 2024 to Apr 2024

Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Apr 2023 to Apr 2024