Peel Hunt LLP has filed a Form 38.5(a) dealing disclosure with the Irish Takeover Panel regarding transactions in Kenmare Resources Plc ordinary shares, undertaken on 5 November 2026 and published on 6 November 2026. The disclosure was made in Peel Hunt's capacity as a connected exempt principal trader with Recognised Intermediary Status, acting in a client-serving capacity. The filing is a regulatory requirement under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, and signals that Kenmare Resources is subject to an active offer period under Irish takeover regulation. Investors monitoring the Kenmare Resources situation will note the volume and price range of shares traded by the connected party.

Key Points

  • Kenmare Resources Plc (KMR) — connected exempt principal trader: Peel Hunt LLP
  • Peel Hunt purchased 50,029 and sold 55,845 Kenmare Resources ordinary shares on 5 November 2026
  • Purchase prices ranged from 242.00p to 252.50p; sale prices ranged from 242.90p to 254.25p per share
  • Investors should watch for further Rule 38 disclosures as the Irish Takeover Panel offer period continues

Peel Hunt's Purchases and Sales of Kenmare Resources Ordinary Shares on 5 November 2026

According to the disclosure, Peel Hunt LLP purchased 50,029 ordinary shares in Kenmare Resources Plc at prices ranging from a low of 242.00p to a high of 252.50p per share. On the same date, the firm sold 55,845 ordinary shares, with sale prices ranging from 242.90p to 254.25p per share. All prices are denominated in pence sterling. No cash-settled derivative transactions, stock-settled derivative transactions, or other dealings were reported in sections 2(b), 2(c), or 2(d) of the form, indicating the activity was confined to outright purchases and sales of ordinary shares in a client-serving capacity.

Peel Hunt's Connected Status and Role Under Irish Takeover Panel Rules

The form identifies Peel Hunt LLP as a connected exempt principal trader in relation to Kenmare Resources Plc, meaning the firm is classified as connected to Kenmare Resources as a party to the offer under the Irish Takeover Rules. Acting with Recognised Intermediary Status and in a client-serving capacity, Peel Hunt is required to make these regulatory disclosures publicly via a Regulatory Information Service. The announcement states that no indemnity arrangements, option agreements, or understandings relating to voting rights or future acquisitions were in place, with both relevant sections returning a nil response.

Kenmare Resources Plc's Position as Offeree Under the 2022 Irish Takeover Rules

Kenmare Resources Plc, listed on the London Stock Exchange and headquartered in Ireland, is a mineral sands mining company primarily operating the Moma Titanium Minerals Mine in Mozambique — one of the world's largest titanium minerals operations. The company's status as offeror or offeree within an Irish Takeover Panel process triggers mandatory dealing disclosure obligations for connected parties such as Peel Hunt. The disclosure confirms Peel Hunt is not making separate filings in respect of any other party to the offer. The contact named in the disclosure is Lesah Munyakazi, reachable at Peel Hunt's London office.

Regulatory Context: Rule 38.5(a) Disclosure Obligations for Exempt Principal Traders

Under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, connected exempt principal traders with Recognised Intermediary Status dealing in client-serving capacities are obliged to disclose transactions in relevant securities during an offer period. This disclosure was filed on 6 November 2026, one business day after the dealings of 5 November 2026, consistent with standard regulatory timelines. Investors may be watching for further Form 38 disclosures as the offer period progresses, as cumulative dealing patterns by connected parties can provide insight into market activity around Kenmare Resources during this regulated period.