Kenmare Resources Updates Share Capital Amid New Rules
Kenmare Resources Share Capital Announcement
In line with the regulatory requirements, Kenmare Resources plc is taking important steps to keep its investors and stakeholders informed. This announcement is made under the Irish Takeover Rules, specifically Rule 2.12, which mandates specific disclosures regarding share capital.
Issued Share Capital Details
As of this announcement’s date, Kenmare Resources has confirmed that the company’s issued share capital is composed of 89,228,161 ordinary shares. Each of these shares has a nominal value of €0.001. Notably, there are no treasury shares held by the company, indicating a clear and full representation of its total issued shares.
Furthermore, the company has options available over 3,076,278 ordinary shares through its restricted share plan. This plan allows for accrued dividend equivalents, which can enhance shareholder returns.
Trading Information
The ordinary shares of Kenmare Resources are actively traded on the Official List of Euronext Dublin, as well as in the premium listing segment of the UK's Financial Conduct Authority (FCA). Investors can easily track their investments through these trading venues. The International Securities Identification Number (ISIN) assigned to the ordinary shares is IE00BDC5DG00, ensuring that all shares are properly documented and identified for trading purposes.
Engagement with Stakeholders
Kenmare Resources values transparency and clear communication with its investors. For inquiries or further details, investors are encouraged to reach out to the Investor Relations representative, Katharine Sutton, directly at +353 1 671 0411. This open line of communication supports Kenmare’s commitment to keeping all stakeholders well-informed.
Directors' Responsibility Statement
The directors of Kenmare Resources accept full responsibility for the accuracy of this announcement. They affirm that, to the best of their knowledge, all information conveyed is accurate and does not omit crucial details that could affect its interpretation.
Disclosure Requirements Under Irish Regulations
In accordance with Rule 8.3(b) of the Irish Takeover Rules, any person who has an interest of 1% or more in any class of relevant securities for Kenmare must disclose their dealings during the offer period. Such disclosures need to be made by 3.30 PM (Irish/UK time) on the next business day following the transaction. Proper disclosure ensures compliance and enhances market confidence.
Additionally, arrangements made between two or more individuals intending to acquire interests in relevant securities will be regarded as a single entity for disclosure purposes. This regulation underlines the importance of transparent conduct in acquisitions.
Additional Resources
Disclosure tables for relevant securities and transactions are available for stakeholders, ensuring everyone has access to necessary information. This is part of an ongoing effort to maintain transparency within the market. Interested parties are encouraged to visit the Takeover Panel’s website for further guidance on these protocols.
It’s essential for stakeholders to grasp that such interests in securities arise from having either conditional or absolute economic exposure to the changes in prices. Understanding these terms helps investors manage their stakes effectively and responsibly.
Conclusion
In summary, Kenmare Resources plc is committed to providing timely updates about its share capital and compliance with regulations. By keeping investors informed, the company reinforces its dedication to transparency and trust in the market.
Frequently Asked Questions
What is the significance of the Rule 2.12 announcement?
The Rule 2.12 announcement informs stakeholders about the company's current issued share capital and ensures compliance with regulatory requirements.
How many shares does Kenmare have issued?
Kenmare Resources has issued 89,228,161 ordinary shares, with no shares held as treasury shares.
Who is the contact for investor relations at Kenmare?
Katharine Sutton is the Investor Relations contact for Kenmare, reachable at +353 1 671 0411.
What is the International Securities Identification Number for Kenmare shares?
The ISIN for Kenmare's ordinary shares is IE00BDC5DG00.
What must investors disclose under the Irish Takeover Rules?
Under Rule 8.3(b), investors owning 1% or more of relevant securities must disclose their dealings during the offer period.
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