Transaction in Own Shares
13 September 2023 - 12:47AM
Transaction in Own Shares
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: |
£4.22 |
Lowest price paid per share: |
£4.22 |
Volume weighted average price paid per share: |
£4.22 |
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 £23.6 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 plcJeremy Dibb /Michael
StarkeInvestor Relationsir@kenmareresources.com Tel: +353 1 671
0411Mob: + 353 87 943 0367
Murray (PR advisor)Paul
O’Kanepokane@murraygroup.ieTel: +353 1 498 0300Mob: +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.
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