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Kenmare Resources Announces Compliance with Irish Takeover Rules

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Kenmare Resources Announces Compliance with Irish Takeover Rules

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Kenmare Resources ( (GB:KMR) ) has provided an update.

Kenmare Resources plc, a company with a share capital of 89,228,161 ordinary shares, has announced compliance with Rule 2.12 of the Irish Takeover Rules. The company has no treasury shares and options over 3,183,277 ordinary shares under its restricted share plan. This announcement emphasizes the disclosure requirements under Rule 8.3(b) of the Irish Takeover Rules for those interested in 1% or more of any class of relevant securities of Kenmare, impacting stakeholders by ensuring transparency and adherence to regulatory standards.

The most recent analyst rating on (GB:KMR) stock is a Buy with a £580.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.

Spark’s Take on GB:KMR Stock

According to Spark, TipRanks’ AI Analyst, GB:KMR is a Outperform.

Kenmare Resources’ overall score reflects a balance of strong valuation and positive corporate events, alongside challenges in financial performance. While the company benefits from a robust equity position and attractive dividend yield, addressing declining margins and cash flow issues is critical for future growth. Technical analysis supports a stable outlook, with potential for upward momentum.

To see Spark’s full report on GB:KMR stock, click here.

More about Kenmare Resources

Average Trading Volume: 139,179

Technical Sentiment Signal: Buy

Current Market Cap: £342.7M

See more data about KMR stock on TipRanks’ Stock Analysis page.

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