Kenmare Resources Confirmation Of Capital Reduction
February 05 2019 - 11:15AM
UK Regulatory
TIDMIRSH
Kenmare Resources plc ("Kenmare" or "the Company")
5 February 2019
Confirmation of Capital Reduction
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global
producers of titanium minerals and zircon, announces that, further to
its regulatory news releases on 6 November 2018 and 5 December 2018, the
High Court of Ireland has made an order confirming a capital reduction
of the Company's share premium account (the "Capital Reduction").
The Capital Reduction, as described in the circular that was sent to
shareholders on 6 November 2018 and which is available at the Company's
website (www.kenmareresources.com), was approved by shareholders at the
extraordinary general meeting held on 5 December 2018. The order of the
High Court has been registered with the Registrar of Companies in
Ireland and, accordingly, the Capital Reduction has now become
effective.
The purpose of the Capital Reduction is to eliminate the deficit on the
Company's profit and loss account as at 30 June 2018 by the partial
cancellation of the share premium account.
Capitalised terms used herein but not defined have the same meanings as
set out in the Circular.
For further information, please contact:
Kenmare Resources plc
Michael Carvill, Managing Director
Tel: +353 1 671 0411
Tony McCluskey, Financial Director
Tel: +353 1 671 0411
Jeremy Dibb, Corporate Development and Investor Relations Manager
Tel: +353 1 671 0411
Mob: + 353 87 943 0367
Murray
Joe Heron
Tel: +353 1 498 0300
Mob: +353 87 690 9735
Buchanan
Bobby Morse / Chris Judd
Tel: +44 207 466 5000
(END) Dow Jones Newswires
February 05, 2019 11:15 ET (16:15 GMT)
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