Kenmare Resources : Update disclosure of releva...

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

31 August 2015

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 April 2015.
 
Kenmare also confirms that it has 57,317,850 warrants in issue. 50,060,000 of these warrants ("Warrants") entitle the holder to subscribe for one Ordinary Share in the Company at an exercise price of Stg29.09p.  The 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. In addition, 7,257,850 warrants held by Absa Bank Limited have an exercise price of Stg11p, are exercisable for a seven year period from 16 November 2014 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 April 2015.
 
In addition there are 46,589,668 options over Ordinary Shares outstanding under the Company's share option scheme. This reflects a reduction of 4,000,000 options as against the number disclosed on 2 April 2015 pursuant to Rule 2.10. This reduction is as a result of the lapsing of unexercised options held by former employees. Furthermore, Performance Share Awards in respect of 6,875,622 Ordinary Shares 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. These details are unchanged from the disclosure made under Rule 2.10 on 2 April 2015.
 
For further information, please contact:
 
Kenmare Resources plc
Michael Carvill, Managing Director                                               
Tel: [phone]                                                             
Mob: + 353 87 674 0110                                                      
 
Tony McCluskey, Financial Director
Tel: [phone]
Mob: + 353 87 674 0346
 
Jeremy Dibb, Corporate Development & Investor Relations Manager
Tel: [phone]
Mob: [phone]
 
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.
 
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise. The distribution of this announcement in jurisdictions outside Ireland or the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction. 
 
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 effective from 26 June 2014, the date of the commencement of the offer period for Kenmare under the Takeover Rules.
 

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Source: Kenmare Resources via Globenewswire

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