Perpetual Limited reports 8.37% stake in Kenmare Resources

SYDNEY - Investment management company Perpetual Limited has disclosed an 8.37% interest in Kenmare Resources Plc, a significant holding in the mining company known for its operations in Mozambique. The disclosure, made on Friday, May 30, 2025, follows a purchase of securities on the previous day.

Perpetual Limited, along with its related entities, reported holding a total of 7,466,691 shares in Kenmare Resources. This disclosure is in compliance with the rules set by the Irish Takeover Panel, which require the reporting of interests in relevant securities representing 1% or more.

The disclosure was triggered by a transaction on Thursday, where Perpetual Limited purchased 1,750 shares of Kenmare at a price of €3.7925 per unit. This latest acquisition adds to their already substantial position in the company.

Kenmare Resources is listed on the London Stock Exchange (LON:LSEG) and is a member of the FTSE 250 Index. It is known for producing titanium minerals and zircon, which are used in a wide range of industrial and consumer products.

The disclosure of this significant holding is of interest to investors and market watchers, indicating confidence by Perpetual Limited in the prospects of Kenmare Resources. It is also noteworthy for the broader mining sector, as investment management firms play a crucial role in providing capital and stability to the market.

The announcement did not include any details of indemnity or option arrangements, agreements, or understandings relating to the voting rights of the relevant securities. There were no attachments to the disclosure form, such as a Supplemental Form 8, which would indicate more complex derivative arrangements.

Perpetual Limited’s contact for the disclosure was identified as Aaron Maxwell, with a contact number provided for further inquiries. The information presented in this article is based on a press release statement and adheres to the guidelines for factual reporting.

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