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SYDNEY - Investment management firm Perpetual Limited has disclosed an 8.38% interest in mining company Kenmare Resources Plc, as of May 30, 2025, based on a recent regulatory filing. The disclosure, made under the rules of the Irish Takeover Panel, represents a significant holding by Perpetual Limited and its related bodies corporate in the Ireland-based resource company.
Kenmare Resources is known for its mining and processing operations, particularly in producing titanium minerals and zircon. The company operates the Moma Titanium Minerals Mine in Mozambique, which is a key asset within its portfolio.
The disclosure was made in accordance with Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires parties with interests in relevant securities representing 1% or more to report their positions in the context of takeover-related activities.
As per the filing, the total number of relevant securities owned and/or controlled by Perpetual Limited amounts to 7,473,841. No short positions were reported. Additionally, the filing indicated no cash-settled derivatives or stock-settled derivatives in relation to Kenmare Resources held by the discloser.
The filing also included a transaction involving the purchase of 7,150 securities at a price of €3.799254 each. There were no other dealings reported by Perpetual Limited in the securities of Kenmare Resources on or before the date of disclosure.
No indemnity or dealing arrangements were reported in connection with the disclosure, nor were there any agreements, arrangements, or understandings related to options or derivatives that would affect the voting rights of any relevant securities.
This strategic position by Perpetual Limited in Kenmare Resources may be of interest to investors and market watchers, as it reflects confidence in the mining company’s value and prospects. It is important to note that this information is based on a press release statement and that the disclosed interest does not necessarily imply any immediate changes in the company’s operations or management.
Investors and stakeholders in the mining sector often monitor such disclosures closely, as they can signal potential shifts in company ownership and influence. However, the long-term implications of this stake for Kenmare Resources and its shareholders remain to be seen.
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