US LNG exports surge but will buyers in China turn up?
LONDON - Investment firm Perpetual Limited has disclosed an 8.89% stake in Kenmare Resources plc, according to a regulatory filing made Monday under Irish takeover rules.
The opening position disclosure shows Perpetual and its related bodies corporate own 7,929,768 shares in the mining company, representing 8.89% of Kenmare’s issued share capital.
The filing also details recent transactions by Perpetual, including the purchase of 20,000 shares at £3.12 per share and 50,000 shares at approximately £3.10 per share on June 20.
The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires public disclosure from entities holding 1% or more of a company’s securities during takeover situations.
Kenmare Resources, listed on the London Stock Exchange (LON:LSEG), is a mining company that operates the Moma Titanium Minerals Mine in Mozambique, producing titanium minerals and zircon.
The filing indicates no indemnity arrangements or agreements relating to options or derivatives between Perpetual and any other parties.
This information was released through a Form 8.3 regulatory announcement submitted to the Regulatory Information Service of the London Stock Exchange, based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.