Last checked at 5 Feb 2019 16:15
Confirmation of Capital Reduction
Kenmare Resources plc (“Kenmare” or “the Company”)
5 February 2019
Confirmation of Capital Reduction
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, announces that, further to its regulatory news releases on 6 November 2018 and 5 December 2018, the High Court of Ireland has made an order confirming a capital reduction of the Company's share premium account (the "Capital Reduction").
The Capital Reduction, as described in the circular that was sent to shareholders on 6 November 2018 and which is available at the Company's website (www.kenmareresources.com), was approved by shareholders at the extraordinary general meeting held on 5 December 2018. The order of the High Court has been registered with the Registrar of Companies in Ireland and, accordingly, the Capital Reduction has now become effective.
The purpose of the Capital Reduction is to eliminate the deficit on the Company's profit and loss account as at 30 June 2018 by the partial cancellation of the share premium account.
Capitalised terms used herein but not defined have the same meanings as set out in the Circular.
For further information, please contact:
Kenmare Resources plcMichael Carvill, Managing Director Tel: +353 1 671 0411
Tony McCluskey, Financial DirectorTel: +353 1 671 0411
Jeremy Dibb, Corporate Development and Investor Relations ManagerTel: +353 1 671 0411Mob: + 353 87 943 0367
Murray Joe Heron Tel: +353 1 498 0300 Mob: +353 87 690 9735
Buchanan Bobby Morse / Chris JuddTel: +44 207 466 5000