TIDMKMR

RNS Number : 6604G

Kenmare Resources PLC

16 May 2011

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990.

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

All relevant boxes should be completed in block capital letters

 
                                                       State whether the 
                                                  notification relates to: (i) 
                                                   a transaction notified in 
                                                  accordance with Market Abuse 
                                                    Rules; (ii) a disclosure 
                                                    made in accordance with 
                                                   section 53 (as extended by 
                                                  section 64 of the Companies 
                                                   Act 1990) or entered into 
                                                    the issuer's register in 
                                                   accordance with section 59 
                                                   of the Companies Act 1990; 
             Name of the Issuer                   or (iii) both (i) and (ii). 
 1         Kenmare Resources plc.        2                   (iii) 
---  ---------------------------------  ---  --------------------------------- 
                                                 State whether notification 
                                               relates to a person connected 
                                                 with a person discharging 
         Name of person discharging                      managerial 
                 managerial                   responsibilities/director named 
      responsibilities/director Simon         in 3 and identify the connected 
 3                Farrell                4               person No 
---  ---------------------------------  ---  --------------------------------- 
            Indicate whether the              Description of shares (including 
      notification is in respect of a         class) debentures or derivatives 
       holding of the person referred             or financial instruments 
      to in 3 or 4 above or in respect          relating to shares Ordinary 
        of a non-beneficial interest            Shares of nominal value Euro 
 5             Simon Farrell             6               0.06c each 
---  ---------------------------------  ---  --------------------------------- 
           Name of registered 
           shareholder(s) and, if more             State the nature of the 
           than one, number of shares              transaction Sale and 
           held by each of them                    purchase of Ordinary 
 7         Newcove International Inc     8         Shares 
---  ---------------------------------  ---  --------------------------------- 
                                                 Percentage of issued class 
        Number of shares, debentures            acquired (treasury shares of 
          or financial instruments             that class should not be taken 
         relating to shares acquired           into account when calculating 
 9             130,000 shares            10          percentage) 0.005% 
---  ---------------------------------  ---  --------------------------------- 
                                                 Percentage of issued class 
        Number of shares, debentures            disposed (treasury shares of 
          or financial instruments             that class should not be taken 
         relating to shares disposed           into account when calculating 
 11            651,257 shares            12         percentage) 0.0271% 
---  ---------------------------------  ---  --------------------------------- 
      Price per share or value 
       of transaction 
       Sale of shares: 
       14 April 2011: 100,000 shares 
       at Stg48.50p 
       15 April 2011 : 29,683 shares 
       at Stg 50p 
       19 April 2011 : 30,000 shares 
       at Stg 49p 
       20 April 2011 : 50,000 shares 
       at Stg 49.50p 
       20 April 2011 : 391,574 
       shares at Stg 49.75p 
       20 April 2011 : 50,000 shares 
       at Stg 50p 
       Purchase of shares:                     Date and place of transaction 
       21 April 2011 : 130,000                        Date: See box 13 
 13    shares at Stg 50p                 14             Place: London 
---  ---------------------------------  ---  --------------------------------- 
             Total holding following 
             notification and total 
               percentage holding 
           following notification (any 
           treasury shares should not 
           be taken into account when 
             calculating percentage) 
             466,333 Ordinary Shares              Date issuer informed of 
 15                   0.02%              16      transaction 13th May 2011 
---  ---------------------------------  ---  --------------------------------- 
 

If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:

 
                                              Period during which or date on 
 17   Date of grant                      18    which it can be exercised 
---  ---------------------------------  ---  --------------------------------- 
                                              Description of shares or 
      Total amount paid (if any)              debentures involved (class and 
 19    for grant of the option           20   number) 
---  ---------------------------------  ---  --------------------------------- 
      Exercise price (if fixed 
       at time of grant) or indication        Total number of shares or 
       that the price is to be                debentures over which options 
 21    fixed at the time of exercise     22   are held following notification 
---  ---------------------------------  ---  --------------------------------- 
      Any additional information 
       Simon Farrell advised the 
       Company that he disposed 
       of shares in Kenmare, along 
       with significant financial 
       interests in other entities,            Name of contact and telephone 
       in order to fund the purchase                 number for queries 
       of properties in Australia                     Deirdre Corcoran 
 23    and in the UK.                    24          Ph. +353-1-6710411 
---  ---------------------------------  ---  --------------------------------- 
 
 
 Name and signature of duly designated officer of issuer responsible 
  for making notification 
  ____________________________________________________ 
  Deirdre Corcoran, Company Secretary 
  Date of notification 16(th) May 2011 
-------------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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