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LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed a 2.82% stake in Kenmare Resources plc, according to a regulatory filing with the Irish Takeover Panel. The disclosure, dated May 30, 2025, was made under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires parties holding interests in relevant securities representing 1% or more to report their positions.
The filing showed that BlackRock now owns 2,518,335 ordinary shares in the mining company. In addition to this holding, the investment firm reported a sale of 5,332 ordinary shares at a price of GBP 3.8272 per share. No short positions were reported, and there were no interests in cash-settled or stock-settled derivatives related to Kenmare Resources.
Kenmare Resources plc is known for its mining operations, which primarily focus on producing mineral sands. The company operates the Moma Titanium Minerals Mine in Mozambique, which extracts titanium-bearing mineral sands such as ilmenite and rutile.
The disclosure of BlackRock’s stake is a routine regulatory requirement and provides transparency in the market regarding significant holdings in public companies. The report also stated that there were no indemnity or option arrangements, nor any agreements or understandings related to the voting rights of the relevant securities.
BlackRock’s investment in Kenmare Resources highlights the ongoing interest of institutional investors in the materials sector, particularly in companies with a focus on minerals critical for various industrial applications.
The information for this report is based on a press release statement. No further details were provided on BlackRock’s strategy or intentions regarding its stake in Kenmare Resources. Investors and market observers often monitor such disclosures to gauge the sentiment and investment strategies of major institutional players.
For more information on the disclosure, please refer to the regulatory filings made with the Irish Takeover Panel.
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