Bullish indicating open at $55-$60, IPO prices at $37
LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, disclosed on Friday an ownership interest in Kenmare Resources plc, a mining company listed on the London Stock Exchange (LON:LSEG). According to a regulatory filing with the Irish Takeover Panel, BlackRock now holds 2,512,142 ordinary shares, equating to a 2.81% stake in Kenmare Resources.
The disclosure was made in compliance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates the reporting of dealings in relevant securities by persons holding interests of 1% or more. The latest practicable date prior to the disclosure was Thursday, June 05, 2025.
In addition to the shareholding, the filing revealed that BlackRock conducted a sale of 6,193 ordinary shares of Kenmare Resources at a price of GBP 3.9741 per unit. The filing did not indicate any cash-settled or stock-settled derivatives positions, nor any other short positions in Kenmare Resources.
The disclosure does not highlight any indemnity or option arrangement, or any agreement or understanding relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by BlackRock. The form also stated that there were no attachments such as a Supplemental Form 8, and that no other party to the offer or any person acting in concert with a party to the offer was disclosed.
This information, based on a press release statement, provides a transparent view of BlackRock’s dealings with Kenmare Resources shares. It is important for investors to note such disclosures as they can indicate investment managers’ views on a company’s value and potential. Kenmare Resources specializes in the mining of mineral sands and the production of titanium and zircon.
Investors and market observers often monitor disclosures of this nature for insights into how major institutional investors are positioning themselves in relation to publicly traded companies. BlackRock’s disclosure, while a routine regulatory requirement, may be of interest to those following the mining sector and institutional investment trends.
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