Director/PDMR Shareholding
10 September 2021 - 7:00PM
Director/PDMR Shareholding
Kenmare Resources plc (“Kenmare”
or “the Company” or “the Group”)
10 September 2021
Notification of Transactions by Persons
Discharging Managerial Responsibilities and Persons Closely
Associated with them
The Company announces that on 9 September 2021,
Michael Carvill, Managing Director and a Person Discharging
Managerial Responsibilities, sold 20,000 ordinary shares of €0.001
each in the capital of the Company ('Shares').
The sale constituted 6.2% of Mr Carvill’s
shareholding immediately prior to the sale. Post the sale, his
shareholding remains in excess of the Remuneration Policy guideline
of a minimum 250% of salary. This shareholding does not take into
account any shares awarded, but not fully vested, within the
Kenmare Resources Share Plan.
Mr. Carvill has indicated to the Board that he
does not intend to make any further disposals in the foreseeable
future.
Further information
This form is required for disclosure of
transactions under Article 19 of Regulation (EU) No 596/2014 of the
European Parliament and of the Council of 16 April 2014 on market
abuse (Market Abuse Regulation)
1 |
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name |
MICHAEL CARVILL |
2 |
Reason for the notification |
a) |
Position/status |
MANAGING DIRECTOR |
b) |
Initial Notification Amendment |
INITIAL NOTIFICATION |
3 |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
a) |
Name |
KENMARE RESOURCES PLC |
b) |
LEI |
635400ETHWP1EKJMDO16 |
4 |
Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted |
a) |
Description of the financial instrument, type ofinstrument |
ORDINARY SHARES OF €0.001 EACH |
Identification code |
IE00BDC5DG00 |
b) |
Nature of the transaction |
DISPOSAL OF SHARES |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
20,000 |
STG£4.25 |
|
|
|
|
|
|
d) |
Aggregated information— Aggregated volume— Price |
|
e) |
Date of the transaction |
9 SEPTEMBER 2021 |
f) |
Place of the transaction |
LONDON STOCK EXCHANGE |
g) |
Additional Information |
|
For further information, please contact:
Kenmare Resources plcJeremy DibbInvestor
RelationsTel: +353 1 671 0411Mob: + 353 87 943 0367
Murray (PR advisor)Joe HeronTel: +353 1 498
0300Mob: +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 5% of traded 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.
Forward Looking Statements
This announcement contains some forward-looking
statements that represent Kenmare's expectations for its business,
based on current expectations about future events, which by their
nature involve risks and uncertainties. Kenmare believes that its
expectations and assumptions with respect to these forward-looking
statements are reasonable. However, because they involve risk and
uncertainty, which are in some cases beyond Kenmare's control,
actual results or performance may differ materially from those
expressed or implied by such forward-looking information.
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