Peel Hunt LLP, acting as a connected exempt principal trader with Recognised Intermediary Status, has filed a dealing disclosure with the Irish Takeover Panel relating to ordinary shares in Kenmare Resources Plc (ticker: KMR). The disclosure, submitted on 4 November 2026 and covering transactions executed on 3 November 2026, was made under Rule 38.5(a) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. Kenmare Resources Plc is both the offeror/offeree named in the form and the party to the offer with which Peel Hunt is connected. Investors monitoring the Kenmare Resources takeover situation will note this regulatory filing as part of the mandatory transparency framework governing such processes.

Key Points

  • Peel Hunt LLP filed a Form 38.5(a) disclosure relating to Kenmare Resources Plc (KMR) ordinary shares
  • Dealings were undertaken on 3 November 2026 in a client-serving capacity as a connected exempt principal trader
  • Purchases of 12,246 ordinary shares were recorded at prices ranging from 236.00 GBx to 237.44 GBx; sales of 1,905 ordinary shares were recorded at 236.10 GBx
  • Investors should watch for further Rule 38 disclosures as the Kenmare Resources offer situation develops

Peel Hunt's 3 November 2026 Purchases and Sales of Kenmare Resources Ordinary Shares

According to the disclosure, Peel Hunt LLP purchased a total of 12,246 ordinary shares in Kenmare Resources Plc on 3 November 2026, with the highest price paid per unit recorded at 237.44 GBx and the lowest at 236.00 GBx. Separately, Peel Hunt sold 1,905 ordinary shares at a price of 236.10 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. These dealings were conducted in a client-serving capacity, consistent with Peel Hunt's status as a Recognised Intermediary under Irish Takeover Panel rules.

Kenmare Resources Plc and the Irish Takeover Panel Regulatory Framework

Kenmare Resources Plc is an Irish-listed mineral sands mining company whose operations centre on the Moma Titanium Minerals Mine in Mozambique, one of the world's largest producers of ilmenite, rutile, and zircon used in industrial and consumer applications. The mandatory dealing disclosure regime under Rule 38 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, requires connected exempt principal traders to report share dealings during an offer period. This framework is designed to ensure market transparency and prevent information asymmetry during sensitive corporate transactions involving Irish-incorporated or Irish-listed companies such as Kenmare Resources.

No Indemnity Arrangements or Derivative Agreements Declared by Peel Hunt

The Form 38.5(a) filing states that no indemnity arrangements, option arrangements, or other agreements that might constitute an inducement to deal or refrain from dealing were entered into by Peel Hunt LLP in connection with this disclosure. Similarly, no agreements relating to voting rights or the future acquisition or disposal of relevant securities under any derivative were reported. The disclosure was prepared by contact Lesah Munyakazi, reachable on +44 (0) 20 7418 8900, and published via a Regulatory Information Service in accordance with Irish Takeover Panel requirements.