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LONDON - Investment management firm Perpetual Limited has disclosed an 8.38% interest in Kenmare Resources Plc, according to a regulatory filing with the Irish Takeover Panel. The disclosure, made public on June 4, 2025, indicates that Perpetual Limited and its affiliates now own 7,481,641 shares in the mining company.
The announcement came after a transaction on Tuesday, where Perpetual Limited purchased 7,800 Kenmare Resources shares at a price of €3.82 per unit. The acquisition of these shares increases Perpetual Limited’s influence in the company, potentially impacting the strategic direction of Kenmare Resources.
Kenmare Resources is known for its mining operations, primarily extracting mineral sands used in products from ceramics to paint. Perpetual Limited’s increased stake in the company could signal confidence in Kenmare’s operations and future prospects in the mining sector.
The disclosure form, mandated under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, requires any person holding an interest in relevant securities representing 1% or more to report their position. This ensures transparency in the market and allows stakeholders to be aware of significant ownership changes in publicly traded companies.
No additional details regarding derivative positions or agreements related to the voting rights of the relevant securities were disclosed, which suggests that Perpetual Limited’s interest is a direct investment rather than part of a more complex financial arrangement.
This disclosure does not indicate any intent for a takeover or merger; it is simply an opening position disclosure required by regulatory authorities. The information provided is based on a press release statement and does not suggest any future actions or intentions of Perpetual Limited regarding Kenmare Resources.
Investors and market watchers will likely monitor any further developments or changes in share ownership, as these could have implications for Kenmare Resources’ governance and strategy going forward.
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