M&G Plc reports 13.99% stake in Kenmare Resources

Published 07/03/2025, 14:30
M&G Plc reports 13.99% stake in Kenmare Resources

LONDON - M&G Plc, through its investment management division, has disclosed a 13.99% interest in Kenmare Resources plc, a significant holding that positions M&G as a major investor in the mining company. The disclosure, dated Monday, March 6, 2025, was made in accordance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates public revelation of interests and short positions representing 1% or more in relevant securities.

The holding comprises 12,487,098 ordinary shares of Kenmare Resources, which operates in the global mining sector. The announcement does not detail any cash-settled or stock-settled derivative positions, nor does it report any recent dealings in Kenmare Resources’ securities by M&G Plc.

M&G Plc’s disclosure indicates no current indemnity or option arrangements, agreements, or understandings related to the disclosed securities that might serve as an inducement to deal or refrain from dealing. Similarly, there are no attachments such as a Supplemental Form 8 to the disclosure, and no agreements or arrangements related to options or derivatives have been reported.

This information, based on a press release statement, reflects a snapshot of M&G Plc’s interests in Kenmare Resources as of the date specified and is subject to change. It is important for investors and stakeholders in both M&G Plc and Kenmare Resources to be aware of significant shareholdings, as they can influence corporate decisions and strategies.

The disclosure was made public on Tuesday, March 7, 2025, and the contact person for the announcement is Shivani Puranik, who can be reached at the provided telephone number for further inquiries. The disclosure requirements follow the rules set out by the Irish Takeover Panel, ensuring transparency in the market and providing investors with critical information regarding significant shareholdings in public companies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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