Amcor stock falls after Raymond James reiterates Market Perform rating
LONDON - BlackRock (NYSE:BLK), Inc., a prominent global investment management corporation, has disclosed a significant holding in Kenmare Resources plc, a leading mining company. According to a statement released on May 14, 2025, BlackRock now owns 2.82% of Kenmare’s ordinary shares, amounting to a total of 2,523,667 shares.
The disclosure follows a transaction on May 13, where BlackRock purchased 545 ordinary shares of Kenmare Resources at a price of GBP 3.9950 per share. The investment firm reported no short positions in the company and no involvement in cash-settled or stock-settled derivatives related to Kenmare Resources’ shares.
This holding surpasses the 1% threshold that mandates reporting under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. The rules require any person with interests in relevant securities representing 1% or more to make an opening position disclosure or dealing disclosure. This ensures transparency in the market, especially during periods when companies are subject to takeover offers.
Kenmare Resources, listed on the London Stock Exchange (LON:LSEG), operates primarily in the mining sector, focusing on producing titanium minerals and zircon. The company’s performance and stock are influenced by various factors, including commodity prices and production levels.
The reported transaction by BlackRock is a routine disclosure, which investment firms are required to make when their holdings in a company reach a certain size. Such disclosures are closely watched by investors as they can indicate the confidence of large asset managers in a company’s performance and prospects.
This announcement was made to a Regulatory Information Service and is based on a press release statement. It is important to note that this disclosure does not necessarily imply any further action by BlackRock regarding Kenmare Resources, nor does it suggest any specific future performance of Kenmare’s shares. The investment community often views these disclosures as part of the ongoing investment strategies of asset management firms.
Jana Blumenstein, a contact at BlackRock, was listed for the disclosure, with a contact number provided for further inquiries. As per standard regulations, no indemnity or other dealing arrangements were reported in relation to this disclosure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.