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LONDON - The trustee of Kenmare Resources plc’s Employee Benefit Trust transferred 52,504 ordinary shares to satisfy the exercise of share awards by beneficiaries, according to a regulatory filing published Wednesday.
The transaction, which occurred on June 13, 16, and 18, was disclosed in a Form 8.1 filing with the Irish Takeover Panel, as required under Irish takeover rules.
Following the transfer, Apex Financial Services (Trust Company) Limited, acting as trustee of the employee benefit trust, holds 836,105 ordinary shares in Kenmare Resources, representing approximately 0.94% of the company’s relevant securities.
The disclosure was made because the trustee is considered a person acting in concert with Kenmare Resources plc, which is identified as the offeree in the filing.
No price was paid for the shares as they were transferred to satisfy previously granted share awards to beneficiaries of the employee benefit trust.
The filing indicates the trustee holds no short positions in Kenmare Resources securities and has no cash-settled derivatives or stock-settled derivative transactions related to the company.
The information was provided through a Regulatory Information Service filing, as required for public disclosures under Rule 8.1 of the Irish Takeover Panel Act.
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