J&E Davy Unlimited Company, acting as a connected exempt principal trader with recognised intermediary status, has filed a Form 38.5(a) disclosure with the Irish Takeover Panel regarding dealings in ordinary shares of Kenmare Resources plc, the mineral sands mining company listed on the London and Irish stock exchanges. The transactions were carried out on 6 November 2026 in a client-serving capacity, with the disclosure published on 9 November 2026. The filing relates to Kenmare Resources plc, with which J&E Davy is identified as connected under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.

Key Points

  • J&E Davy Unlimited Company filing relates to Kenmare Resources CDI (-KMR)
  • J&E Davy sold 1,039 and purchased 1,725 ordinary shares of EUR 0.001 each in Kenmare Resources plc on 6 November 2026
  • Sales were executed at prices between EUR 2.90 and EUR 3.00; purchases were conducted at EUR 2.90 per unit
  • Investors should watch for further Rule 38 disclosures as the offer process continues under Irish Takeover Panel oversight

J&E Davy's Client-Serving Trades in Kenmare Resources Ordinary Shares on 6 November 2026

The Form 38.5(a) filing confirms that J&E Davy Unlimited Company sold 1,039 ordinary shares of EUR 0.001 each in Kenmare Resources plc, with the highest price received at EUR 3.00 and the lowest at EUR 2.90. Separately, the firm purchased 1,725 ordinary shares at EUR 2.90 per unit. Both sets of transactions were conducted in a client-serving capacity on 6 November 2026. No cash-settled derivatives, stock-settled derivatives, or options were transacted in connection with these dealings, and no other classes of relevant securities were involved in the disclosure.

Kenmare Resources plc: The Offeree Named in the Irish Takeover Panel Filing

Kenmare Resources plc is the company to which these dealings relate. The firm is an established mineral sands producer operating the Moma Titanium Minerals Mine in Mozambique, one of the world's largest producing mineral sands operations. Its principal products include ilmenite, rutile, and zircon, which are used in a range of industrial applications. Kenmare Resources is connected to J&E Davy for the purposes of this disclosure under Rule 2.2 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which defines the conditions under which a principal trader is deemed connected to a party to an offer.

Regulatory Framework: Rule 38.5(a) Obligations and Irish Takeover Panel Requirements

The disclosure was made pursuant to Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which requires connected exempt principal traders dealing in relevant securities to make timely public disclosures via a Regulatory Information Service. The announcement states that there are no indemnity or option arrangements, nor any agreements or understandings relating to voting rights or derivatives. The filing was submitted by contact Sean Uzunkaya and published through RNS. Investors monitoring Kenmare Resources during this offer period may note that further Rule 38 filings could follow if additional dealings occur.