Kenmare Resources Confirmation Of Capital Reduction

 
TIDMIRSH 
 
 
   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 plc 
 
   Michael Carvill, Managing Director 
 
   Tel: [phone] 
 
 
   Tony McCluskey, Financial Director 
 
   Tel: [phone] 
 
 
   Jeremy Dibb, Corporate Development and Investor Relations Manager 
 
   Tel: [phone] 
 
   Mob: + 353 87 943 0367 
 
   Murray 
 
 
   Joe Heron 
 
 
   Tel: [phone] 
 
 
   Mob: [phone] 
 
 
   Buchanan 
 
   Bobby Morse / Chris Judd 
 
   Tel: [phone] 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 05, 2019 11:15 ET (16:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.