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DUBLIN - J&E Davy Unlimited Company disclosed its trading activities in the shares of Kenmare Resources PLC, a mining company listed on the London Stock Exchange (LON:LSEG), according to a statement released on April 23, 2025. The transactions occurred on the previous day, April 22.
The Dublin-based financial services firm, acting as an exempt principal trader connected with Kenmare Resources, engaged in both buying and selling of the company’s ordinary shares. J&E Davy purchased a total of 43,836 shares at prices ranging from 392 to 409.43 GBX (Great British Pence) and sold 36,134 shares with prices between 393 and 413.5 GBX. Additionally, dealings in Kenmare’s ordinary shares denominated in euros were also reported, with 1,064 shares bought at a price of 4.7 EUR each.
No other forms of transactions, such as cash-settled derivatives or stock-settled derivative transactions, were reported by the trader. Moreover, J&E Davy confirmed that there were no indemnity or option arrangements, agreements, or understandings in place related to the relevant securities that could be considered an inducement to deal or refrain from dealing.
The press release did not disclose the specific purpose behind these transactions, nor did it suggest any impact on Kenmare Resources’ market position or future prospects. The information is based on a press release statement and is intended to provide transparency regarding the trading activities of shares connected to Kenmare Resources by a financial intermediary.
Kenmare Resources is an established player in the global mining sector, specializing in the production of mineral sands. The company operates primarily in Mozambique, where it extracts titanium minerals and zircon, which are used in a wide range of products from ceramics to aerospace technologies.
Investors and market watchers often monitor such disclosures to gauge the activities of significant financial firms in relation to listed companies, which can provide insights into market movements and trader sentiment. However, without further context or additional information, the implications of these trades on the market or the company’s stock remain speculative.
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