Kenmare Resources Updates on Share Capital and Regulations
Understanding Kenmare's Share Capital Announcement
Kenmare Resources plc has made an important announcement regarding its share capital in alignment with the guidelines set forth by the Irish Takeover Rules. This announcement outlines the current status of the ordinary shares and the responsibilities of the company's directors regarding disclosures and investor relations.
Current Share Capital Status
As of now, Kenmare Resources has issued a remarkable total of 89,228,161 ordinary shares, each with a nominal value of €0.001. It's important to note that there are no treasury shares held by the company. In addition, 3,066,036 ordinary shares are currently under options stemming from the company's restricted share scheme. This structure aims to incentivize performance and align the interests of employees with those of shareholders.
Trading Information
The ordinary shares of Kenmare are actively traded on the Official List of Euronext Dublin, contributing positively to the visibility and liquidity of the stock in the market. Additionally, they are listed in the premium segment of the FCA's Official List, providing added prestige to the company’s operations. The International Securities Identification Number (ISIN) for these shares is IE00BDC5DG00, a unique identifier that eases the process for international investors looking to engage with Kenmare's offerings.
Investor Relations and Inquiries
For investor inquiries, Katharine Sutton from Kenmare Resources plc is the point of contact and can be reached through the company's established channels. With a direct phone line at +353 1 671 0411, stakeholders can seek clarification or additional information regarding any inquiries they might have. Maintaining open communication ensures that all investors feel connected and informed about their investments.
Directors' Responsibilities
The leadership of Kenmare takes their responsibilities seriously, ensuring that all information disclosed meets the highest standards of accuracy. The directors have confirmed their commitment to compliance and thoroughness, as per the obligations outlined in the Irish Takeover Rules. These responsibilities also extend to ensuring that all relevant securities information is readily available and accurately reported to interested parties.
Disclosure Requirements Under Irish Takeover Rules
According to Rule 8.3(b) of the Irish Takeover Rules, any individual or entity holding 1% or more of the relevant securities of Kenmare must disclose all dealings during the offer period. This includes details of any transactions that affect their holdings, which must be reported in a timely manner to maintain transparency in the market.
Cooperation in Disclosure
Moreover, in instances where multiple parties collaborate to acquire interests in relevant securities, they will be regarded as a single entity for disclosure purposes. This provision ensures that collective activities in the market are monitored effectively, thereby enhancing market integrity.
Importance of Compliance
Compliance with the Irish Takeover Rules not only fortifies the company’s standing but also fosters trust among investors. Keeping abreast of these regulations ensures that both the company and its investors operate within a framework that supports fair trading practices and transparency.
Frequently Asked Questions
What is the current share capital of Kenmare Resources?
Kenmare Resources has issued a total of 89,228,161 ordinary shares.
Who can I contact for investor relations at Kenmare?
Katharine Sutton is the investor relations contact and can be reached at +353 1 671 0411.
What is the ISIN for Kenmare's shares?
The International Securities Identification Number for Kenmare's shares is IE00BDC5DG00.
What are the disclosure requirements under the Irish Takeover Rules?
Individuals holding 1% or more of relevant securities must disclose all dealings during the offer period by 3.30 pm on the next business day after the transaction.
How does Kenmare ensure compliance with regulations?
The directors of Kenmare accept responsibility for accurate disclosures and are committed to maintaining compliance with all necessary regulations.
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