TIDMKMR
Standard Form TR-1
Standard form for notification of major holdings
1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attachedii:
Kenmare Resources Plc
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2. Reason for the notification (please tick the appropriate box or
boxes):
[x ] An acquisition or disposal of voting rights
[ ] An acquisition or disposal of financial instruments [ ] An event
changing the breakdown of voting rights [ ] Other (please specify)iii:
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3. Details of person subject to the notification obligationiv :
Name: City and country of registered office (if
Aegis Financial Corporation applicable):
Mclean, VA USA
------------------------------ -----------------------------------------------------------------------------
4. Full name of shareholder(s) (if different from 3.)v:
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5. Date on which the threshold was crossed or reachedvi:
29 September 2023
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6. Date on which issuer notified:
8 December 2023
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7. Threshold(s) that is/are crossed or reached:
4%
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8. Total positions of person(s) subject to the notification obligation:
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% of voting rights % of voting rights Total number
attached to shares through financial Total of both of voting rights
(total of 9.A) instruments in % (9.A + 9.B) of issuervii
(total of 9.B.1
+ 9.B.2)
---------------------------- --------------------- ------------------ ----------------- -----------------
Resulting situation
on the date on 4.01% 0.00% 4.01% 3,578,594
which threshold
was crossed or
reached
---------------------------- --------------------- ------------------ ----------------- -----------------
Position of previous
notification
(if applicable)
---------------------------- --------------------- ------------------ ----------------- -----------------
9. Notified details of the resulting situation on the date on which
the threshold was crossed or
reachedviii:
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A: Voting rights attached to shares
----------------------------------------------------------------------------
Class/type
of shares
ISIN code (if
possible) Number of voting rightsix % of voting rights
---------------- -------------------------------- ------------------------
Direct Indirect Direct Indirect
---------------- -------------- ---------------- ----------- -----------
IE00BDC5DG00 156,000 3,422,594 0.17% 3.84%
---------------- -------------- ---------------- ----------- -----------
SUBTOTAL A 3,578,594 4.01%
---------------- -------------------------------- ------------------------
B 1: Financial Instruments according to Regulation 17(1)(a) of the
Regulations
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Number of voting
Type of financial Expiration Exercise/ Conversion rights that may % of voting rights
instrument datex Periodxi be acquired if
the instrument
is
exercised/converted.
------------------ ----------- --------------------- --------------------- -------------------
SUBTOTAL B.1
--------------------- --------------------- -------------------
B 2: Financial Instruments with similar economic effect according
to Regulation 17(1)(b) of the Regulations
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Type of financial Expiration Exercise/ Conversion Physical or Number of
instrument datex Period xi cash voting rights % of voting
settlementxii rights
----------------- ---------- -------------------- -------------- -------------- ------------
SUBTOTAL B.2
-------------- -------------- ------------
10. Information in relation to the person subject to the notification
obligation (please tick the applicable box):
[ ] Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the (underlying)
issuer.xiii
[x ] F ull chain of controlled undertakings through which the voting
rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entityxiv:
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% of voting rights
through financial
% of voting rights instruments if it Total of both if
if it equals or equals or is higher it equals or is
is higher than the than the notifiable higher than the
Namexv notifiable threshold threshold notifiable threshold
----------------- --------------------- -------------------- ---------------------
Scott L. Barbee 4.01% N/A 4.01%
----------------- --------------------- -------------------- ---------------------
Aegis Financial
Corporation 3.84% N/A 3.84%
----------------- --------------------- -------------------- ---------------------
Done in Virginia, USA on 8 December 2023.
Notes
i. Persons completing this form should have regard to the
requirements of the Transparency (Directive 2004/109/EC)
Regulations 2007 as amended (the "Regulations"), the Central Bank
of Ireland's Transparency Rules (the "Transparency Rules") and
Commission Delegated Regulation (EU) 2015/761 of 17 December
2014.
ii Full name of the legal entity and other identifying
specification of the issuer or underlying issuer, provided it is
reliable and accurate (e.g. address, LEI, domestic number
identity).
iii Other reason for the notification could be voluntary
notifications, changes of attribution of the nature of the holding
(e.g. expiring of financial instruments) or acting in concert.
iv This should be the full name of (a) the shareholder; (b) the
natural person or legal entity acquiring, disposing of or
exercising voting rights in the cases provided for in Regulation
15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive
2004/109/EC); or (c) the holder of financial instruments referred
to in Regulation 17(1) of the Regulations (Article 13(1) of
Directive 2004/109/EC).
As the disclosure of cases of acting in concert may vary due to
the specific circumstances (e.g. same or different total positions
of the parties, entering or exiting of acting in concert by a
single party) the standard form does not provide for a specific
method how to notify cases of acting in concert.
In relation to the transactions referred to in points (b) to (h)
of Regulation 15 of the Regulations (Article 10 of Directive
2004/109/EC), the following list is provided as an indication of
the persons who should be mentioned:
-- in the circumstances foreseen in letter (b) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the natural person or
legal entity that acquires the voting rights and is entitled to exercise
them under the agreement and the natural person or legal entity who is
transferring temporarily for consideration the voting rights;
-- in the circumstances foreseen in letter (c) of the Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the natural person or
legal entity holding the collateral, provided the person or entity
controls the voting rights and declares its intention of exercising them,
and natural person or legal entity lodging the collateral under these
conditions;
-- in the circumstances foreseen in letter (d) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the natural person or
legal entity who has a life interest in shares if that person or entity
is entitled to exercise the voting rights attached to the shares and the
natural person or legal entity who is disposing of the voting rights when
the life interest is created;
-- in the circumstances foreseen in letter (e) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the controlling
natural person or legal entity and, provided it has a notification duty
at an individual level under Regulation 14 of the Regulations (Article 9
of Directive 2004/109/EC), under letters (a) to (d) of Regulation 15 of
the Regulations (Article 10 of Directive 2004/109/EC) or under a
combination of any of those situations, the controlled undertaking;
-- in the circumstances foreseen in letter (f) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the deposit taker of
the shares, if he can exercise the voting rights attached to the shares
deposited with him at his discretion, and the depositor of the shares
allowing the deposit taker to exercise the voting rights at his
discretion;
-- in the circumstances foreseen in letter (g) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the natural person or
legal entity that controls the voting rights;
-- in the circumstances foreseen in letter (h) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the proxy holder, if
he can exercise the voting rights at his discretion, and the shareholder
who has given his proxy to the proxy holder allowing the latter to
exercise the voting rights at his discretion (e.g. management companies).
v Applicable in the cases provided for in Regulation 15(b) to
(h) of the Regulations (Article 10 (b) to (h) of Directive
2004/109/EC). This should be the full name of the shareholder who
is the counterparty to the natural person or legal entity referred
to in Regulation 15 of the Regulations (Article 10 Directive
2004/109/EC) unless the percentage of voting rights held by the
shareholder is lower than the lowest notifiable threshold for the
disclosure of voting rights holdings in accordance with the
requirements of the Regulations and the Transparency Rules.
vi The date on which threshold is crossed or reached should be
the date on which the acquisition or disposal took place or the
other reason triggered the notification obligation. For passive
crossings, the date when the corporate event took effect.
vii The total number of voting rights shall be composed of all
the shares, including depository receipts representing shares, to
which voting rights are attached even if the exercise thereof is
suspended.
viii If the holding has fallen below the lowest applicable
threshold in accordance with the Regulations and the Transparency
Rules the holder is not obliged to disclose the extent of the
holding only that the holding is "below 3%" or "below 5%" as
appropriate.
ix In case of combined holdings of shares with voting rights
attached "direct holding" and voting rights "indirect holding",
please split the voting rights number and percentage into the
direct and indirect columns -- if there is no combined holdings,
please leave the relevant box blank.
x Date of maturity/expiration of the financial instrument i.e.
the date when right to acquire shares ends.
xi If the financial instrument has such a period -- please
specify this period -- for example once every 3 months starting
from [date].
xii In case of cash settled instruments the number and
percentages of voting rights is to be presented on a delta-adjusted
basis (Regulation 17(4) of the Regulations/Article 13(1a) of
Directive 2004/109/EC).
xiii If the person subject to the notification obligation is
either controlled and/or does control another undertaking then the
second option applies.
xiv The full chain of controlled undertakings, starting with the
ultimate controlling natural person or legal entity, has to be
presented also in cases in which only on subsidiary level a
threshold is crossed or reached and the subsidiary undertaking
discloses the notification, as only thus will the markets get a
full picture of the group holdings. In the case of multiple chains
through which the voting rights and/or financial instruments are
effectively held, the chains have to be presented chain by chain
leaving a row free between different chains (e.g.: A, B, C, free
row, A, B, D, free row, A, E, F etc.).
xv The names of controlled undertakings through which the voting
rights and/or financial instruments are effectively held have to be
presented irrespective of whether the controlled undertakings cross
or reach the lowest applicable threshold themselves.
xvi Example: Correction of a previous notification.
(END) Dow Jones Newswires
December 12, 2023 02:45 ET (07:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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