Peel Hunt LLP, acting as a connected exempt principal trader with recognised intermediary status, filed a dealing disclosure on 5 November 2026 under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, in relation to Kenmare Resources Plc (KMR). The disclosure covers transactions in Kenmare Resources ordinary shares conducted on 4 November 2026 in a client-serving capacity. The filing is a regulatory requirement during a live offer period involving Kenmare Resources and obliges connected parties to disclose relevant securities dealings to a Regulatory Information Service. Investors monitoring the Kenmare Resources offer situation may note the scale and direction of the trades recorded.

Key Points

  • Peel Hunt LLP filed a Form 38.5(a) disclosure relating to Kenmare Resources Plc (KMR), an Irish-listed mineral sands mining company
  • Peel Hunt purchased 516 ordinary shares and sold 24,337 ordinary shares in Kenmare Resources on 4 November 2026
  • Purchase prices ranged from 236.00 GBx to 242.00 GBx; sale prices ranged from 236.60 GBx to 241.75 GBx
  • Investors should watch for further Rule 38 disclosures as the offer period relating to Kenmare Resources continues

Peel Hunt's 4 November 2026 Trades in Kenmare Resources Ordinary Shares

According to the filing, Peel Hunt LLP purchased a total of 516 Kenmare Resources ordinary shares on 4 November 2026, with the highest price paid recorded at 242.00 GBx and the lowest at 236.00 GBx. On the same date, the firm sold 24,337 ordinary shares, achieving prices between 236.60 GBx and 241.75 GBx. The significantly larger volume of sales relative to purchases indicates client-serving activity consistent with market-making or brokerage operations rather than a proprietary directional position, though the announcement does not elaborate further on the precise commercial context of these trades.

Kenmare Resources Plc and Its Position as Subject of Irish Takeover Panel Oversight

Kenmare Resources Plc is an established mineral sands mining company whose primary asset is the Moma Titanium Minerals Mine located in Mozambique, one of the world's largest producing mines of ilmenite, rutile, and zircon. These titanium feedstock minerals serve industrial end markets including paint pigment and aerospace manufacturing. Because Kenmare Resources is subject to an ongoing offer period under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, all connected parties with dealings in its relevant securities are required to make timely public disclosures, as reflected in this filing.

Peel Hunt LLP's Role as Connected Exempt Principal Trader Under Irish Takeover Rules

The Form 38.5(a) framework applies specifically to exempt principal traders that hold recognised intermediary status and are connected to a party to the offer. Peel Hunt LLP is identified in the disclosure as connected to Kenmare Resources Plc, the offeree named in section 1(b) of the form. The filing confirms there are no indemnity arrangements, options, or agreements relating to voting rights or future acquisitions of relevant securities. The contact named in the disclosure is Lesah Munyakazi, reachable on +44 (0) 20 7418 8900, and the disclosure date is recorded as 5 November 2026.