Publication of Documentation
Kenmare Resources PLC
21 June 2004
KENMARE RESOURCES PLC ('Kenmare' or 'the Company')
PUBLICATION OF PLACING AND OPEN OFFER DOCUMENTATION
OPEN OFFER TIMETABLE
Further to the announcement made on Friday, 18 June, 2004, Kenmare is pleased to
announce that the document relating to the Company's proposed Placing and Open
Offer and convening an Extraordinary General Meeting of the Company for 11.00
a.m. on 14 July, 2004 ('Listing Particulars') is being published and posted to
Shareholders today.
Kenmare also confirms that application has been made to the Irish Stock Exchange
and the UK Listing Authority for in aggregate 331,468,222 New Ordinary Shares
and 82,867,055 New Warrants to be admitted to the Official List of the Irish
Stock Exchange and the Official List of the UK Listing Authority and application
has been made to the Irish Stock Exchange and the London Stock Exchange for such
New Ordinary Shares and New Warrants to be admitted to trading on their
respective main markets for listed securities. It is expected, subject to the
fulfilment of certain conditions as set out in the Listing Particulars, that
admission of the New Ordinary Shares and New Warrants to the Official Lists will
become effective and that dealings therein will commence on 15 July, 2004 (in
the case of the Placing Shares and related New Warrants), and on 23 July, 2004
(in the case of the Open Offer Shares and related New Warrants).
Document Availability
A copy of the Listing Particulars will be submitted to the Irish Stock Exchange
and the UK Listing Authority and will shortly be available for inspection at the
following locations:
Company Announcements Office,
The Irish Stock Exchange,
28 Anglesea Street,
Dublin 2,
Ireland.
Tel: + 353 1 617 4200
Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London E14 5HS,
United Kingdom.
Tel: + 44 207 066 1000
Placing and Open Offer Timetable
A timetable of the expected dates in relation to the Placing and Open Offer is
set out at the end of this announcement.
Terms defined in the Listing Particulars have the same meaning in this
announcement.
For further information:
Kenmare Resources plc
Michael Carvill
Managing Director
Tel: +353-1-671 0411 or +353-87-674 0110
Tony McCluskey
Finance Director
Tel: +353-1-671 0411 or +353-87-674 0346
Murray Consultants
Conduit PR Ltd
Tom Byrne
Tel: +353 (1) 498 0300 or +353 (86) 810 4224
Leesa Peters
Tel: + 44 207 936 9095 Mob: + 44 (0)781 215 9885
www.kenmareresources.com
PLACING AND OPEN OFFER TIMETABLE
The expected timetable in relation to the Placing and Open Offer is as set out
below:
Record Date for the Open Offer close of business on 16 June, 2004
Despatch of the Listing Particulars and
of the Open Offer Application Forms 21 June, 2004
Latest time and date for splitting
Application Forms (to satisfy bona fide
market claims only) 3.00 p.m. on 8 July, 2004
Latest time and date for receipt of Forms
of Proxy for the Extraordinary General
Meeting 11.00 a.m. on 12 July, 2004
Latest time and date for receipt of
completed application Forms and payment
in full under the Open Offer 3.00 p.m. on 12 July, 2004
Time and date of Extraordinary General
Meeting 11.00 a.m. on 14 July, 2004
Admission of the Placing Shares and
associated New Warrants to the Official
Lists and commencement of dealing therein on
the Irish Stock Exchange and the London
Stock Exchange(1) (2) (3) 15 July, 2004
CREST accounts expected to be credited
and definitive certificates expected to
be despatched in respect of the Placing
Shares and associated New Warrants no
later than (1) (2) (3) 15 July, 2004
Admission of the Open Offer Shares and
associated New Warrants to the Official
Lists and commencement of dealing therein
on the Irish Stock Exchange and the
London Stock Exchange(1) (2) (3) 23 July, 2004
CREST accounts expected to be credited
and definitive certificates expected to
be despatched in respect of the Open
Offer Shares and associated New Warrants
no later than (1) (2) (3) 23 July, 2004
Notes
(1) This is an expected date only and assumes that in aggregate Stg£53
million (or such lesser amount as provided for in the relevant
condition) is raised under the Placing and Open Offer (and if
necessary a Supplemental Placing).
(2) These dates will be finalised upon fulfilment of the conditions
as referred to in note (2).
(3) Assumes approval of the relevant Resolutions to be proposed and
considered at the Extraordinary General Meeting.
(4) The dates set out in the timetable above may be adjusted by
Kenmare, in which event details of new dates will be notified, via
Regulatory Information Services, to the Irish Stock Exchange, the UK
Listing Authority and the London Stock Exchange and, where appropriate
to Qualifying Shareholders.
21 June, 2004
This information is provided by RNS
The company news service from the London Stock Exchange