Peel Hunt LLP, the London-based investment bank, has submitted a dealing disclosure to the Irish Takeover Panel under Rule 38.5(a) of the Takeover Rules 2022, relating to transactions in Kenmare Resources plc ordinary shares conducted on 6 November 2026. The disclosure, published on 9 November 2026, confirms Peel Hunt acted as a connected exempt principal trader with recognised intermediary status, dealing in a client-serving capacity. The filing covers both purchases and sales of Kenmare Resources ordinary shares, with pricing ranging between 240.00 GBx and 248.87 GBx per unit. Investors following the ongoing situation at Kenmare Resources may note this as a further regulatory disclosure under the Irish takeover framework.

Key Points

  • Kenmare Resources CDI (ticker: -KMR) is the subject of this dealing disclosure filed by Peel Hunt LLP
  • Peel Hunt purchased 36,466 ordinary shares and sold 15,900 ordinary shares in Kenmare Resources on 6 November 2026
  • Purchase prices ranged from 240.00 GBx to 246.00 GBx; sale prices ranged from 240.00 GBx to 248.87 GBx per unit
  • Investors may watch for further Rule 38 disclosures as the Irish Takeover Panel process continues

Peel Hunt's Client-Serving Purchases of 36,466 Kenmare Resources Shares at Up to 246.00 GBx

According to the disclosure, Peel Hunt LLP purchased a total of 36,466 Kenmare Resources ordinary shares on 6 November 2026, with the highest price paid reaching 246.00 GBx per unit and the lowest price paid standing at 240.00 GBx per unit. These transactions were undertaken in Peel Hunt's capacity as a connected exempt principal trader dealing on behalf of clients, rather than on a proprietary basis. Peel Hunt is connected to Kenmare Resources plc, the party named in section 1(c) of the Form 38.5(a) filing, as defined under Rule 2.2 of the Irish Takeover Rules 2022.

Sale of 15,900 Kenmare Resources Ordinary Shares Ranging Between 240.00 GBx and 248.87 GBx

Alongside its purchases, Peel Hunt also sold 15,900 Kenmare Resources ordinary shares on the same date, 6 November 2026, at prices ranging from a low of 240.00 GBx to a high of 248.87 GBx per unit. 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. The filing also confirms that no indemnity arrangements, options, or agreements relating to voting rights were in place between Peel Hunt and any party to the offer, as stated in sections 3(a) and 3(b).

Kenmare Resources and the Irish Takeover Panel Rule 38 Disclosure Obligation

Kenmare Resources plc is a mineral sands mining company that operates the Moma Titanium Minerals Mine in Mozambique, one of the world's largest producers of ilmenite, rutile, and zircon. The requirement for Peel Hunt to file this Form 38.5(a) arises from the Irish Takeover Panel Act 1997 and Takeover Rules 2022, which govern disclosure obligations during offer periods for Irish-registered companies. The disclosure was prepared by contact Lesah Munyakazi and submitted via a Regulatory Information Service on 9 November 2026, in line with mandatory public disclosure requirements under Rule 38 of the Rules.