Peel Hunt LLP, the London-based investment bank and stockbroker, has filed a Form 38.5(a) dealing disclosure with the Irish Takeover Panel relating to transactions in Kenmare Resources Plc ordinary shares conducted on 12 November 2026. The disclosure was published on 13 November 2026 via the Regulatory News Service and is required under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. Peel Hunt acted as a connected exempt principal trader with Recognised Intermediary Status, dealing in a client-serving capacity. Investors monitoring the ongoing offer situation surrounding Kenmare Resources may wish to review the transaction detail disclosed.

Key Points

  • Peel Hunt LLP filed on behalf of dealings related to Kenmare Resources Plc CDI (ticker: KMR)
  • Peel Hunt purchased 11,443 ordinary shares and sold 30,580 ordinary shares in Kenmare Resources on 12 November 2026
  • Purchase prices ranged from 243.00 GBx to 248.50 GBx per share; sale prices ranged from 242.54 GBx to 246.54 GBx per share
  • Investors should watch for further Rule 38 disclosures as the offer situation around Kenmare Resources develops

Peel Hunt's Client-Serving Trades in Kenmare Resources Ordinary Shares

According to the announcement, Peel Hunt LLP purchased 11,443 Kenmare Resources ordinary shares on 12 November 2026, with prices ranging from a low of 243.00 GBx to a high of 248.50 GBx per unit. Separately, the firm sold 30,580 ordinary shares in the same session, achieving prices between 242.54 GBx and 246.54 GBx per share. The disclosure confirms these dealings were conducted in a client-serving capacity under Peel Hunt's status as a connected exempt principal trader with Recognised Intermediary Status, as defined under the Irish Takeover Panel's regulatory framework.

Kenmare Resources Plc and the Irish Takeover Panel Disclosure Obligation

Kenmare Resources Plc is an established mineral sands mining company that operates the Moma Titanium Minerals Mine in Mozambique, one of the largest titanium minerals operations in the world. The mine produces ilmenite, rutile, and zircon, which are sold to customers across global markets. Because Kenmare Resources is subject to an offer under Irish Takeover Panel rules, connected parties such as Peel Hunt are obliged to disclose dealings in relevant securities promptly. This obligation exists to maintain market transparency during offer periods and ensure all participants have access to dealing information.

No Derivative or Indemnity Arrangements Disclosed by Peel Hunt

The Form 38.5(a) filing confirms that Peel Hunt LLP reported no cash-settled derivative transactions, no stock-settled derivative transactions including options, and no other dealings such as subscriptions or conversions in relation to Kenmare Resources securities on the relevant date. The announcement also states that there are no indemnity or option arrangements, nor any agreements or understandings relating to voting rights or future acquisition or disposal of relevant securities. The contact named in the disclosure is Nancy Dyer, reachable at Peel Hunt's London office.

Regulatory Context and Investor Considerations for KMR Offer Period

Filings of this nature are a standard regulatory requirement during offer periods governed by the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. They do not in themselves signal any change in the terms or status of an offer. However, the volume and pricing of dealings disclosed can provide investors with useful context about market activity in a target company's shares. Investors following the KMR situation may wish to monitor subsequent Rule 38 disclosures from all connected parties, as further filings could add to the picture of trading activity during the offer period.