J & E Davy Unlimited Company, acting as a connected exempt principal trader with recognised intermediary status, has filed a Form 38.5(a) dealing disclosure with the Irish Takeover Panel regarding transactions in Kenmare Resources plc (CDI: -KMR) securities. The disclosure, dated 13 November 2026, covers dealings undertaken on 12 November 2026 in ordinary shares of Kenmare Resources, an Ireland-incorporated mineral sands producer that operates the Moma Titanium Minerals Mine in Mozambique. The filing was made pursuant to Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, and is required because J & E Davy is connected to Kenmare Resources plc as a party to the offer.

Key Points

  • J & E Davy Unlimited Company filing a Form 38.5(a) in relation to Kenmare Resources plc (CDI: -KMR)
  • Dealings on 12 November 2026 comprised a sale of 31 ordinary shares at EUR 3.00 and a purchase of 208 ordinary shares at EUR 2.8611
  • No cash-settled or stock-settled derivative transactions, nor any indemnity or option arrangements, were disclosed
  • Investors may be watching for further dealing disclosures as the offer process under Irish Takeover Panel rules progresses

J & E Davy's 12 November 2026 Transactions in Kenmare Resources Ordinary Shares

The Form 38.5(a) filing records two transactions in Kenmare Resources plc ordinary shares, each denominated in EUR 0.001 par value. J & E Davy sold 31 shares at EUR 3.00 per unit and separately purchased 208 shares at EUR 2.8611 per unit, both on 12 November 2026. The disclosure states these dealings were conducted in a client-serving capacity. No cash-settled derivatives, stock-settled derivatives, options, or other dealing types were reported as part of this submission, with all relevant sections marked not applicable.

Irish Takeover Panel Rule 38.5(a) Obligations and J & E Davy's Connected Status

Under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, connected exempt principal traders with recognised intermediary status are obliged to disclose dealings in relevant securities of an offeror or offeree. The announcement states that J & E Davy Unlimited Company is connected to Kenmare Resources plc as the named party to the offer. No indemnity arrangements, option agreements, or understandings relating to voting rights or future acquisitions were disclosed, with those sections of the form returning not applicable responses. The contact named in the filing is Sean Uzunkaya.

Kenmare Resources plc: Mineral Sands Producer at Centre of Irish Takeover Panel Process

Kenmare Resources plc is the company in respect of whose relevant securities these dealings have been disclosed. The firm operates the Moma Titanium Minerals Mine in Mozambique, one of the world's largest producing sources of titanium minerals, generating revenue primarily from the sale of ilmenite, rutile, and zircon. The involvement of an Irish Takeover Panel dealing disclosure process indicates that Kenmare Resources is currently subject to offer-related regulatory oversight, requiring connected parties such as J & E Davy to report transactions of this nature on a timely basis throughout the offer period.