TIDMKMR
RNS Number : 1063I
Kenmare Resources PLC
20 July 2012
20 July, 2012
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL.
KENMARE RESOURCES PLC ("Kenmare" or "the Company")
COMPLETION OF PLACING
Kenmare is pleased to announce the successful completion of the
placing announced yesterday (the "Placing").
120,000,000 new ordinary shares of EUR0.06 each (the "Placing
Shares") have been placed by RBC, Davy, Canaccord and Mirabaud at a
price of Stg32p per Placing Share, raising proceeds of GBP38.4
million (approximately US$60 million) (before expenses). The
Placing Shares being issued represent approximately 5 per cent. of
the issued ordinary share capital of the Company prior to the
Placing.
Applications have been made for the Placing Shares to be
admitted to the premium segment of the Official List of the
Financial Services Authority and the Official List of the Irish
Stock Exchange and to trading on the Main Market of the London
Stock Exchange and the Main Securities Market of the Irish Stock
Exchange (together, "Admission"). It is expected that Admission
will take place at 8.00 am on 25 July 2012 at which time dealings
in the Placing Shares will commence.
The Placing Shares, when issued, will be fully paid and will
rank pari passu in all respects with the existing ordinary shares
in the share capital of the Company including the right to receive
all dividends and other distributions declared, made or paid after
the date of issue of the Placing Shares.
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 Jacob Deysel, Operations Director
Tel: +353 1 671 0411 Tel: +353 1 671 0411
Mob: + 353 87 674 0346 Mob: +353 87 613 9609
RBC Europe Limited J&E Davy
Matthew Coakes/Stephen Foss Eugenee Mulhern/Anthony Farrell
Tel: +44 207 653 4000 Tel: + 353 1 679 7788
Canaccord Genuity Limited Mirabaud Securities LLP
Rob Collins/Andrew Chubb Tel: + 44 207 321 2508
Tel: + 44 207 523 8000 Tel: Tel: + 44 207 321 2508
Murray Consultants Tavistock Communication
Jim Milton/Jonathan McDade Mike Bartlett/ Jos Simson
Tel: +353 1 498 0300 Tel: +44 207 920 3150
Mob: +353 86 255 8400 Mob: +44 7753 949 108
This announcement and the information contained herein is not
for release, publication or distribution, in whole or in part,
directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the
District of Columbia), Australia, Canada, Japan or any other state
or jurisdiction into which the same would be unlawful. This
Announcement (including the Appendix) is for information purposes
only and shall not constitute an offer to buy, sell, issue, or
acquire, or the solicitation of an offer to buy, sell, issue, or
acquire any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful. Any failure to comply with these restrictions may
constitute a violation of the securities laws of such
jurisdictions.
This announcement does not constitute or form part of any offer
to issue or sell, or the solicitation of an offer to acquire,
purchase or subscribe for, any securities in the United States,
Australia, Canada or Japan or any other jurisdiction in which such
offer, solicitation or sale would be unlawful. In particular, the
Placing Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities
Act") and may not be offered, sold or transferred, directly or
indirectly, within the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and the securities
laws of any state or other jurisdiction of the United States. No
public offering of the Placing Shares is being made in the United
States, Australia, Canada or Japan.
This announcement has been issued by and is the sole
responsibility of the Company. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by any of
the Bookrunners or by any of their Affiliates or agents as to, or
in relation to, the accuracy or completeness of this announcement
or any other written or oral information made available to or
publicly available to any interested party or its advisers, and any
liability therefore is expressly disclaimed.
RBC Europe Limited (trading as 'RBC Capital Markets') which is
authorised and regulated in the United Kingdom by the FSA, is
acting for the Company and for no-one else in connection with the
Placing and will not be responsible to any person other than the
Company for providing the protections afforded to its clients or
for providing advice to any other person in relation to the Placing
or any other matter referred to in this announcement.
Davy which is authorised and regulated in Ireland by the Central
Bank of Ireland, is acting for the Company and for no-one else in
connection with the Placing and will not be responsible to any
person other than the Company for providing the protections
afforded to its clients or for providing advice to any other person
in relation to the Placing or any other matter referred to in this
announcement.
Canaccord Genuity which is authorised and regulated in the
United Kingdom by the FSA, is acting for the Company and for no-one
else in connection with the Placing and will not be responsible to
any person other than the Company for providing the protections
afforded to its clients or for providing advice to any other person
in relation to the Placing or any other matter referred to in this
announcement.
Mirabaud Securities which is authorised and regulated in the
United Kingdom by the FSA, is acting for the Company and for no-one
else in connection with the Placing and will not be responsible to
any person other than the Company for providing the protections
afforded to its clients or for providing advice to any other person
in relation to the Placing or any other matter referred to in this
announcement.
The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on
disposal of the shares. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial adviser.
The Placing Shares to be issued pursuant to the Placing will not
be admitted to trading on any stock exchanges other than the London
Stock Exchange and the Irish Stock Exchange.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this announcement.
Defined terms used in this announcement have, unless otherwise
stated, the same meaning as in the announcement issued by Kenmare
in connection with the Placing dated 19 July, 2012.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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