DUBLIN - J&E Davy Unlimited Company, an exempt principal trader connected to Kenmare Resources PLC, disclosed its recent securities transactions involving the mining company, according to a statement released on May 09, 2025.
On May 08, 2025, J&E Davy engaged in the buying and selling of Kenmare Resources’ ordinary shares. The transactions included the purchase of 11,555 CDIs (CREST Depository Interests) at prices ranging from 394 to 398 GBX (Great British Pence) and the sale of 22,985 CDIs at prices between 394 and 408 GBX. Additionally, 170 ordinary shares were bought at prices between 4.6487 and 4.9 EUR.
The company clarified that these dealings are in compliance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, and that no cash-settled derivative transactions or stock-settled derivative transactions were undertaken. There were also no other dealings in new securities or any indemnity or option arrangements related to the dealings.
The disclosure, which is mandated by Rule 38 of the Irish Takeover Panel’s rules, does not include any irrevocable commitments or letters of intent. Furthermore, there are no agreements, arrangements, or understandings related to options or derivatives that would affect the voting rights of any relevant securities.
This activity comes amid a period of close attention to Kenmare Resources, a company listed on the London Stock Exchange (LON:LSEG) and operating in the global mining sector. The company’s performance and transactions by connected traders are of interest to investors tracking movements in the mining industry.
The information provided in this article is based on a press release statement and is intended for general news purposes only. It is important for investors to conduct their own due diligence when considering the implications of such financial dealings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.