Kenmare Resources Transaction In Own Shares
September 12 2023 - 9:47AM
UK Regulatory
TIDMKMR
Kenmare Resources plc
("Kenmare" or "the Company")
12 September 2023
Transaction in Own Shares
Kenmare Resources plc ("Kenmare" or the "Company") announces
that on 11 September 2023, it purchased the following number of its
ordinary shares (the "ordinary shares") from Peel Hunt LLP by way
of an on-market transaction on the London Stock Exchange's Main
Market. The ordinary shares purchased have been cancelled.
London Stock Exchange Main Market
------------------------------------- ---------------------------------
Number of ordinary shares purchased: 5,601,390
------------------------------------- ---------------------------------
Highest price paid per share: GBP4.22
------------------------------------- ---------------------------------
Lowest price paid per share: GBP4.22
------------------------------------- ---------------------------------
Volume weighted average price GBP4.22
paid per share:
------------------------------------- ---------------------------------
The purchases form part of Kenmare's Tender Offer to purchase up
to 5.9% of the Company's issued ordinary shares which provides for
a return of up to GBP23.6 million to Eligible Shareholders which
was announced by the Company on 15 August 2023 and approved by
shareholders at an extraordinary general meeting on 8 September
2023.
Following settlement on 12 September 2023, Kenmare had
89,228,161 ordinary shares in issue. Each ordinary share carries
one vote. There are no shares held in treasury. The total number of
voting rights in the Company is therefore 89,228,161.
The above figure may be used by shareholders as the denominator
for the calculations by which they can determine if they are
required to notify their interest in, or a change of their interest
in, the Company, under the Financial Conduct Authority's Disclosure
and Transparency Rules and the Transparency (Directive 2004/109 EC)
Regulations 2007 (as amended) of Ireland.
Capitalised terms in this notification, unless otherwise defined
have the same meanings given to them in the Circular published by
the Company on 15 August 2023 (the "Circular").
Kenmare Resources plc
Jeremy Dibb /Michael Starke
Investor Relations
https://www.globenewswire.com/Tracker?data=DioqWDmWjPtTzU8Ysf1H6fRZ4K1aPEtlj7E5ff777ceYqppGQWNSy7qN42Sb1gQMz7Fq5GT7KCElzpdHRjlIBhh0rOSp4weMFgkhivSk-mM=
ir@kenmareresources.com
Tel: +353 1 671 0411
Mob: + 353 87 943 0367
Murray (PR advisor)
Paul O'Kane
pokane@murraygroup.ie
Tel: +353 1 498 0300
Mob: +353 86 609 0221
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
September 12, 2023 10:47 ET (14:47 GMT)
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