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DUBLIN - J&E Davy Unlimited Company disclosed its trading activity in Kenmare Resources PLC (LSE:KMR) securities conducted on June 19, according to a regulatory filing published Friday.
The disclosure, made under Rule 38.5(a) of the Irish Takeover Panel Act, revealed that J&E Davy, acting as a connected exempt principal trader with recognized intermediary status, executed multiple transactions in Kenmare shares.
The firm purchased 128,910 ordinary shares in the form of CDIs (CREST Depository Interests) at prices ranging from 274 to 334 GBX, while selling 142,153 CDIs between 279.88 and 330.5 GBX.
Additionally, J&E Davy bought 10,186 ordinary shares priced between €3.56 and €3.80, and sold 25,719 ordinary shares at prices from €3.64 to €3.82.
The disclosure indicates J&E Davy is connected to Kenmare Resources in relation to the company’s securities. No cash-settled derivative transactions, options trading, or other dealing arrangements were reported in the filing.
Kenmare Resources is a mining company that produces titanium minerals and zircon from its Moma Mine in Mozambique.
The dealing disclosure was made in compliance with Irish takeover regulations that require transparent reporting of trading activity by connected parties during offer periods.
This information is based on a regulatory news service filing submitted to the London Stock Exchange (LON:LSEG).
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