Kenmare Resources plc : Update disclosure of re...

Kenmare Resources plc ("Kenmare" or "the Company")

21 October, 2014

Update disclosure of relevant securities in issue pursuant to Rule 2.10

In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997 Takeover Rules, 2013 ("Takeover Rules"), Kenmare confirms that it has 2,781,905,503 ordinary shares of nominal value €0.06 each ("Ordinary Shares") in issue and admitted to listing on the Official List of the United Kingdom Listing Authority and the Official List of the Irish Stock Exchange and to trading on the respective main markets for listed securities of the London Stock Exchange and of the Irish Stock Exchange. The ISIN code for Kenmare Ordinary Shares is IE0004879486. These details are unchanged from the disclosure made under Rule 2.10 on 2 September, 2014.

Kenmare also confirms that it has 50,060,000 warrants in issue ("Warrants"), each such warrant entitling the holder to subscribe for one Ordinary Share in the Company at an exercise price of Stg29.09p.  These Warrants, which are not listed or admitted to trading and which have limited transferability rights, have a subscription period of 16 November, 2014 to 16 November, 2019. Kenmare also confirms that it has 7,257,850  further warrants in issue,  which have an exercise price of Stg11p, are exercisable from 16 November, 2014 to 16 November, 2021 and are otherwise on substantially the same terms as the Warrants. These details are unchanged from the disclosure made under Rule 2.10 on 2 September, 2014.

In addition, there are 81,047,962 options over Ordinary Shares outstanding under the Company's share option scheme. These details are unchanged from the disclosure made under Rule 2.10 on 2 September, 2014.  Furthermore, in connection with the Initial KIP Awards approved by Shareholders at the annual general meeting in May 2014, Performance Share Awards in respect of 6,875,622 Ordinary Shares have been made and are outstanding.  These Performance Share Awards take the form of options over Ordinary Shares with no exercise price and are subject to certain, previously disclosed, vesting conditions.

The Directors of Kenmare accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Any holder of 1% or more of any class of relevant securities of Kenmare or Iluka Resources Limited may have disclosure obligations under Rule 8.3 of the Takeover Rules.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kenmare Resources via Globenewswire

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