KMR Kenmare Resources Plc

 
TIDMKMR 
 
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INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, 
                              JAPAN OR SWITZERLAND 
 
Not  for release, publication or distribution directly or indirectly in whole or 
in  part in or  into the United  States, Australia, Canada,  Hong Kong, Japan or 
Switzerland or any other jurisdiction in which it would be unlawful to do so. 
 
 
                             Kenmare Resources plc 
 
Publication of Prospectus 
 
Dublin/London  -5 March, 2010:  Further to the announcement by Kenmare Resources 
plc  ("Kenmare" or "the  Company") earlier today  that it is  proposing to raise 
gross  proceeds of  approximately  GBP179.6  million (approximately US$270 million) 
through  a firm placing and  a placing and open  offer involving the issue of in 
aggregate  1,497,030,066 New Ordinary  Shares at  an issue  price of Stg12 pence 
(EUR0.13)  per New  Ordinary Share  (together "the  Capital Raising"), the Company 
announces  that a prospectus relating to  the Capital Raising ("the Prospectus") 
was  today approved  by the  Irish Financial  Regulator, as  competent authority 
under  the  Prospectus  Directive  and  by  the  Irish Stock Exchange and the UK 
Financial Services Authority under their respective Listing Rules. 
 
The  Prospectus,  which  includes  a  notice  convening an extraordinary general 
meeting  of the Company for the  purposes of approving resolutions necessary for 
the  completion of the Capital Raising to be held at The Westbury Hotel, Grafton 
Street,  Dublin 2, Ireland at  11.00 a.m. on 29 March,  2010, is being published 
and posted today. 
 
Application  has  been  made  to  the  Irish  Stock  Exchange and the UK Listing 
Authority  for all of  the 1,497,030,066 New Ordinary  Shares to be issued under 
the  Capital Raising to  be admitted to  the Official Lists  and application has 
been made to the Irish Stock Exchange and the London Stock Exchange for such New 
Ordinary  Shares to be admitted to trading on their respective regulated markets 
for  listed securities. Subject to certain conditions being satisfied, including 
the  approval at  the extraordinary  general meeting  of the  resolutions, it is 
expected  that  such  admission  will  become  effective  and that dealings will 
commence in the New Ordinary Shares at 8.00 a.m. (Dublin time) on 1 April, 2010. 
 
Prospectus Availability 
A copy of the Prospectus is available for download from the Company's website: 
www.kenmareresources.com <http://www.kenmareresources.com> 
 
A  copy of the Prospectus  will also shortly be  available for inspection at the 
following locations: 
 
1.             Company Announcements Office, 
Irish Stock Exchange, 
28 Anglesea Street, 
Dublin 2, 
Ireland. 
Tel: + 353 1 6174200 
 
2.             Financial Services Authority, 
25 The North Colonnade, 
Canary Wharf, 
London E14 5HS, 
United Kingdom. 
Tel: + 44 207 066 1000. 
 
 
 
All capitalised/defined terms in this announcement have the same meaning as 
those contained in the Prospectus. 
 
For further information, please contact: 
 
Kenmare Resources plc 
 
 
  Michael Carvill, Managing Director   Tony McCluskey, Finance Director 
  Tel: +353 1 6710411                  Tel: +353 1 6710411 
  Mob: + 353 87 674 0110               Mob: + 353 87 674 0346 
 
 
 
  J.P. Morgan Cazenove    Davy 
  Laurence Hollingworth   Hugh McCutcheon/Eugenée Mulhern 
  Tel: +44 20 7588 2828   Tel: +353 1 679 6363 
 
 
 
  Murray Consultants       Conduit PR Ltd 
  Joe Heron                Leesa Peters/Charlie Geller 
  Tel: +353 1 498 0300     Tel: +44 207 429 6600 
  Mob: + 353 86 255 8400   Mob: +44 781 215 9885 
 
 
 
IMPORTANT NOTICE 
 
This announcement does not constitute or form part of any offer or invitation to 
sell or issue, or any solicitation of any offer to purchase or subscribe for, 
any securities. 
 
This announcement has not been approved by the Irish Financial Regulator, the 
Financial Services Authority or by any other regulatory authority. This 
announcement is an advertisement and not a prospectus and investors should not 
subscribe for or purchase any securities referred to in this announcement except 
on the basis of information provided in the Prospectus. Copies of the Prospectus 
are available from the Company's registered office at Chatham House, Chatham 
Street, Dublin 2, Ireland and at the Company's website at 
www.kenmareresources.com <http://www.kenmareresources.com>. 
 
The securities of the Company (the "Securities") have not been and will not be 
registered under the US Securities Act of 1933, as amended (the "Securities 
Act"), and may not be offered or sold in the United States unless registered 
under the Securities Act or an exemption from such registration is available. 
No public offering of Securities is being made in the United States. Any 
representation to the contrary is a criminal offence in the United States. 
 
The securities mentioned herein and in the Prospectus may not be offered, sold, 
resold, transferred or delivered, directly or indirectly, in any Excluded 
Territory absent registration or an applicable exemption from the registration 
requirements of the relevant laws of any Excluded Territory. There will be no 
public offer of such securities in any Excluded Territory. This announcement 
does not constitute an offer to sell, or a solicitation of an offer to subscribe 
for, the securities being issued in any jurisdiction in which such offer or 
solicitation is unlawful. 
 
No communication or information relating to the offer of Securities  may be 
disseminated to the public in jurisdictions other than the United Kingdom and 
the Republic of Ireland where prior registration or approval is required for 
that purpose.  No action has been taken that would permit an offer of the 
Securities in any jurisdiction where action for that purpose is required, other 
than in the United Kingdom and the Republic of Ireland. 
 
J.P. Morgan Cazenove is a marketing name used by J.P. Morgan Securities Ltd. 
J.P. Morgan Securities Ltd. is acting as global co-ordinator and bookrunner to 
Kenmare in respect of the Capital Raising. J&E Davy ("Davy") is acting as joint 
broker, co-bookrunner and sponsor to Kenmare in respect of the Capital Raising. 
Canaccord Adams Limited ("Cannacord Adams") and Mirabaud Securities LLP 
("Mirabaud Securities") are each acting as joint broker and co-bookrunner to 
Kenmare in respect of the Capital Raising.  Rothschild is acting as financial 
adviser to Kenmare in respect of the Capital Raising. 
 
This announcement has been issued by and is the sole responsibility of Kenmare. 
No representation or warranty, express or implied, is or will be made as to, or 
in relation to, and no responsibility or liability is or will be accepted by 
J.P. Morgan Securities Ltd., Davy, Canaccord Adams, Mirabaud Securities or 
Rothschild or by any of their respective affiliates or agents as to, or in 
relation to, the accuracy or completeness of this announcement or any other 
written or oral information made available to or publicly available to any 
interested party or its advisers, and any responsibility or liability therefore 
whether arising in tort, contract or otherwise is expressly disclaimed. 
J.P. Morgan Securities Ltd, Canaccord Adams, Mirabaud Securities and Rothschild, 
each of which is authorised and regulated in the United Kingdom by the FSA, are 
acting exclusively for the Company and no one else in connection with the 
Capital Raising and will not regard any other person as their client in relation 
to the Capital Raising and will not be responsible to anyone other than the 
Company for providing the protections afforded to their clients or for providing 
advice in connection with the Capital Raising or any other matter referred to in 
this announcement. 
 
Davy, which is authorised and regulated in Ireland by the Financial Regulator, 
is acting exclusively for the Company and no one else in connection with the 
Capital Raising and will not regard any other person as its client in relation 
to the Capital Raising and will not be responsible to anyone other than the 
Company for providing the protections afforded to its clients or for providing 
advice in connection with the Capital Raising or any other matter referred to in 
this announcement. 
 
This  announcement may contain forward-looking  statements. All statements other 
than   statements  of  historical  fact  are  forward-looking  statements.  Such 
forward-looking  statements are based  on a number  of assumptions regarding the 
Company's  present and future  business strategies and  the environment in which 
the  Company is operating. These forward-looking statements speak only as of the 
date  of this announcement  and should not  be relied upon  as a guide to future 
performance.  The Company expressly  disclaims any obligation  or undertaking to 
disseminate any updates or revisions to any forward-looking statements contained 
in this announcement to reflect any changes in its expectations or any change in 
events, circumstances or conditions on which any such statement is based. 
 
By their nature, forward looking statements involve risk and uncertainty because 
they  relate to future events  and circumstances. Forward-looking statements are 
not  guarantees  of  future  performance  and  the  actual  results of Kenmare's 
operations, financial position and liquidity, and the development of the markets 
and  the industry  in which  Kenmare operates  may differ  materially from those 
described  in, or suggested by, the forward looking statements contained in this 
announcement.  Forward-looking statements  may, and  often do, differ materially 
from actual results. Any forward-looking statements in this announcement reflect 
Kenmare's  current view with respect  to future events and  are subject to risks 
relating  to  future  events  and  other  risks,  uncertainties  and assumptions 
relating  to Kenmare's operations, results of operations, financial position and 
growth strategy. 
 
 
 
 
 
 
 
[HUG#1391406] 
 

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