Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Investment firm BlackRock (NYSE:BLK), Inc. has disclosed a 2.8% stake in Kenmare Resources plc, according to a regulatory filing published Tuesday.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, shows BlackRock holds 2,503,368 ordinary shares in the mining company, representing approximately 2.80% of Kenmare’s issued share capital.
The filing also revealed that BlackRock sold 607 ordinary shares at a price of £4.0150 per unit on June 16.
The disclosure was made in compliance with Irish takeover regulations, which require public disclosure when an entity holds interests in relevant securities representing 1% or more during an offer period.
Kenmare Resources, listed on the London Stock Exchange (LON:LSEG), is a mining company that operates the Moma Titanium Minerals Mine in Mozambique, producing ilmenite, rutile, and zircon.
The information was provided in a Form 8.3 filing submitted to the Regulatory Information Service of the London Stock Exchange, based on BlackRock’s position as of June 16, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.