KMR Kenmare Resources Plc

 
TIDMKMR 
 

Kenmare Resources plc

("Kenmare" or "the Company" or "the Group")

10 September 2021

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

The Company announces that on 9 September 2021, Michael Carvill, Managing Director and a Person Discharging Managerial Responsibilities, sold 20,000 ordinary shares of EUR0.001 each in the capital of the Company ('Shares').

The sale constituted 6.2% of Mr Carvill's shareholding immediately prior to the sale. Post the sale, his shareholding remains in excess of the Remuneration Policy guideline of a minimum 250% of salary. This shareholding does not take into account any shares awarded, but not fully vested, within the Kenmare Resources Share Plan.

Mr. Carvill has indicated to the Board that he does not intend to make any further disposals in the foreseeable future.

Further information

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

 
1   Details of the person discharging managerial responsibilities/person 
     closely associated 
    -------------------------------------------------------------------------- 
a)  Name                                    MICHAEL CARVILL 
    --------------------------------------  ---------------------------------- 
2   Reason for the notification 
    -------------------------------------------------------------------------- 
a)  Position/status                         MANAGING DIRECTOR 
    --------------------------------------  ---------------------------------- 
b)  Initial Notification                    INITIAL NOTIFICATION 
     Amendment 
    --------------------------------------  ---------------------------------- 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    -------------------------------------------------------------------------- 
a)  Name                                    KENMARE RESOURCES PLC 
    --------------------------------------  ---------------------------------- 
b)  LEI                                     635400ETHWP1EKJMDO16 
    --------------------------------------  ---------------------------------- 
4   Details of the transaction(s): section to be repeated for 
     (i) each type of instrument; (ii) each type of transaction; 
     (iii) each date; and (iv) each place where transactions have 
     been conducted 
    -------------------------------------------------------------------------- 
a)  Description of the                      ORDINARY SHARES OF EUR0.001 EACH 
     financial instrument, 
     type of 
     instrument 
    --------------------------------------  ---------------------------------- 
    Identification code                     IE00BDC5DG00 
    --------------------------------------  ---------------------------------- 
b)  Nature of the transaction               DISPOSAL OF SHARES 
    --------------------------------------  ---------------------------------- 
c)  Price(s) and volume(s)                  Price(s)         Volume(s) 
    --------------------------------------  ---------------  ----------------- 
                                            20,000           STGGBP4.25 
    --------------------------------------  ---------------  ----------------- 
 
 
 
d)  Aggregated information 
     -- Aggregated volume 
     -- Price 
    --------------------------------------  ---------------------------------- 
e)  Date of the transaction                 9 SEPTEMBER 2021 
    --------------------------------------  ---------------------------------- 
f)  Place of the transaction                LONDON STOCK EXCHANGE 
    --------------------------------------  ---------------------------------- 
g)  Additional Information 
    --------------------------------------  ---------------------------------- 
 

For further information, please contact:

Kenmare Resources plc

Jeremy Dibb

Investor Relations

Tel: +353 1 671 0411

Mob: + 353 87 943 0367

Murray (PR advisor)

Joe Heron

Tel: +353 1 498 0300

Mob: +353 87 690 9735

About Kenmare Resources

Kenmare Resources plc is one of the world's largest producers of mineral sands products. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma's production accounts for approximately 5% of traded global titanium feedstocks and the Company supplies to customers operating in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday "quality-of life" items such as paints, plastics and ceramic tiles.

Forward Looking Statements

This announcement contains some forward-looking statements that represent Kenmare's expectations for its business, based on current expectations about future events, which by their nature involve risks and uncertainties. Kenmare believes that its expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve risk and uncertainty, which are in some cases beyond Kenmare's control, actual results or performance may differ materially from those expressed or implied by such forward-looking information.

(END) Dow Jones Newswires

September 10, 2021 05:00 ET (09:00 GMT)

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