Holding(s) in Company
17/01/2024 07:30
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Standard Form TR-1
Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland) (i)
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): Kenmare Resources Plc
2. Reason for the notification (please tick the appropriate box or boxes): x An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv) :
Name: FIL Limited City and country of registered office (if applicable): Pembroke, Bermuda
4. Full name of shareholder(s) (if different from 3.) (v):
5. Date on which the threshold was crossed or reached (vi): 15 (th)of January 2024
6. Date on which issuer notified: 16 (th)of January 2024
7. Threshold(s) that is/are crossed or reached: 11%
8. Total positions of person(s) subject to the notification obligation:
% of voting rights attached to shares (total of 9.A) % of voting rights through financial instruments (total of 9.B.1 + 9.B.2) Total of both in % (9.A + 9.B) Total number of voting rights of issuer (vii)
Resulting situation on the date on which threshold was crossed or reached 7.44% 3.51% 10.95% 89,228,161
Position of previous notification (if applicable) 7.60% 3.54% 11.14%
9. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii):
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible) Number of voting rights (ix) % of voting rights
Direct Indirect Direct In
di
re
ct
IE00BDC5DG00 6,634,177 7.44%
SUBTOTAL A 6,634,177 7.44%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument Expiration date (x) Exercise/ Conversion Period (xi) Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights
SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument Expiration date (x) Exercise/ Conversion Period (xi) Physical or cash settlement (xii) Number of voting rights % of voting rights
CFD Cash 3,133,398 3.51%
SUBTOTAL B.2 3,133,398 3.51%
10. Information in relation to the person subject to the notification obligation (please tick the applicable box) : [ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer. (xiii) [] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (xiv):
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
FIL Limited
FIL Financial Services Holdings Limited
FIL Holdings (UK) Limited
FIL Investments International 7.44% 3.51% 10.95%
11. In case of proxy voting: [ name of the proxy holder ] will cease to hold [% and number ] voting rights as of [ date ]
12. Additional information (xvi):
Done at Dublin 16(th) of January 2024
Notes
(i). Persons completing this form should have regard to the requirements of
the Transparency (Directive 2004/109/EC) Regulations 2007 as amended (the
“Regulations”), the Central Bank of Ireland’s Transparency Rules (the
“Transparency Rules”) and Commission Delegated Regulation (EU) 2015/761 of
17 December 2014.
(ii) Full name of the legal entity and other identifying specification of the
issuer or underlying issuer, provided it is reliable and accurate (e.g.
address, LEI, domestic number identity).
(iii) Other reason for the notification could be voluntary notifications,
changes of attribution of the nature of the holding (e.g. expiring of
financial instruments) or acting in concert.
(iv) This should be the full name of (a) the shareholder; (b) the natural
person or legal entity acquiring, disposing of or exercising voting rights in
the cases provided for in Regulation 15(b) to (h) of the Regulations (Article
10 (b) to (h) of Directive 2004/109/EC); or (c) the holder of financial
instruments referred to in Regulation 17(1) of the Regulations (Article 13(1)
of Directive 2004/109/EC).
As the disclosure of cases of acting in concert may vary due to the specific
circumstances (e.g. same or different total positions of the parties, entering
or exiting of acting in concert by a single party) the standard form does not
provide for a specific method how to notify cases of acting in concert.
In relation to the transactions referred to in points (b) to (h) of Regulation
15 of the Regulations (Article 10 of Directive 2004/109/EC), the following
list is provided as an indication of the persons who should be mentioned:
- in the circumstances foreseen in letter (b) of Regulation 15
of the Regulations (Article 10 of Directive 2004/109/EC), the natural person
or legal entity that acquires the voting rights and is entitled to exercise
them under the agreement and the natural person or legal entity who is
transferring temporarily for consideration the voting rights;
- in the circumstances foreseen in letter (c) of the Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal
entity holding the collateral, provided the person or entity controls the
voting rights and declares its intention of exercising them, and natural
person or legal entity lodging the collateral under these conditions;
- in the circumstances foreseen in letter (d) of Regulation 15
of the Regulations (Article 10 of Directive 2004/109/EC), the natural person
or legal entity who has a life interest in shares if that person or entity is
entitled to exercise the voting rights attached to the shares and the natural
person or legal entity who is disposing of the voting rights when the life
interest is created;
- in the circumstances foreseen in letter (e) of Regulation 15
of the Regulations (Article 10 of Directive 2004/109/EC), the controlling
natural person or legal entity and, provided it has a notification duty at an
individual level under Regulation 14 of the Regulations (Article 9 of
Directive 2004/109/EC), under letters (a) to (d) of Regulation 15 of the
Regulations (Article 10 of Directive 2004/109/EC) or under a combination of
any of those situations, the controlled undertaking;
- in the circumstances foreseen in letter (f) of Regulation 15
of the Regulations (Article 10 of Directive 2004/109/EC), the deposit taker of
the shares, if he can exercise the voting rights attached to the shares
deposited with him at his discretion, and the depositor of the shares allowing
the deposit taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in letter (g) of Regulation 15
of the Regulations (Article 10 of Directive 2004/109/EC), the natural person
or legal entity that controls the voting rights;
- in the circumstances foreseen in letter (h) of Regulation 15
of the Regulations (Article 10 of Directive 2004/109/EC), the proxy holder, if
he can exercise the voting rights at his discretion, and the shareholder who
has given his proxy to the proxy holder allowing the latter to exercise the
voting rights at his discretion (e.g. management companies).
(v) Applicable in the cases provided for in Regulation 15(b) to (h) of the
Regulations (Article 10 (b) to (h) of Directive 2004/109/EC). This should be
the full name of the shareholder who is the counterparty to the natural person
or legal entity referred to in Regulation 15 of the Regulations (Article 10
Directive 2004/109/EC) unless the percentage of voting rights held by the
shareholder is lower than the lowest notifiable threshold for the disclosure
of voting rights holdings in accordance with the requirements of the
Regulations and the Transparency Rules.
(vi) The date on which threshold is crossed or reached should be the date on
which the acquisition or disposal took place or the other reason triggered the
notification obligation. For passive crossings, the date when the corporate
event took effect.
(vii) The total number of voting rights shall be composed of all the shares,
including depository receipts representing shares, to which voting rights are
attached even if the exercise thereof is suspended.
(viii) If the holding has fallen below the lowest applicable threshold in
accordance with the Regulations and the Transparency Rules the holder is not
obliged to disclose the extent of the holding only that the holding is
“below 3%” or “below 5%” as appropriate.
(ix) In case of combined holdings of shares with voting rights attached
"direct holding" and voting rights "indirect holding", please split the voting
rights number and percentage into the direct and indirect columns – if there
is no combined holdings, please leave the relevant box blank.
(x) Date of maturity/expiration of the financial instrument i.e. the date when
right to acquire shares ends.
(xi) If the financial instrument has such a period – please specify this
period – for example once every 3 months starting from date .
(xii) In case of cash settled instruments the number and percentages of voting
rights is to be presented on a delta-adjusted basis (Regulation 17(4) of the
Regulations/Article 13(1a) of Directive 2004/109/EC).
(xiii) If the person subject to the notification obligation is either
controlled and/or does control another undertaking then the second option
applies.
(xiv) The full chain of controlled undertakings, starting with the ultimate
controlling natural person or legal entity, has to be presented also in cases
in which only on subsidiary level a threshold is crossed or reached and the
subsidiary undertaking discloses the notification, as only thus will the
markets get a full picture of the group holdings. In the case of multiple
chains through which the voting rights and/or financial instruments are
effectively held, the chains have to be presented chain by chain leaving a row
free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A,
E, F etc.).
(xv) The names of controlled undertakings through which the voting rights
and/or financial instruments are effectively held have to be presented
irrespective of whether the controlled undertakings cross or reach the lowest
applicable threshold themselves.
(xvi) Example: Correction of a previous notification.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
IE00BDC5DG00
Issuer Name
Kenmare Resources Public Limited Company
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of
financial instruments
3. Details of person subject to the notification obligation
Name
FIL Limited
City of registered office (if applicable)
Hamilton
Country of registered office (if applicable)
Bermuda
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
15-Jan-2024
6. Date on which Issuer notified
16-Jan-2024
7. Total positions of person(s) subject to the notification obligation
. % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached 7.440000 3.510000 10.950000 9767575
Position of previous notification (if applicable) 7.600000 3.540000 11.140000
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1)
IE00BDC5DG00 0 6634177 0.000000 7.440000
Sub Total 8.A 6634177 7.440000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights
CFD Cash 3133398 3.510000
Sub Total 8.B2 3133398 3.510000%
9. Information in relation to the person subject to the notification
obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)
Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
FIL Limited FIL Limited 7.440000 3.510000 10.950000%
FIL Limited FIL Financial Services Holdings Limited 7.440000 3.510000 10.950000%
FIL Limited FIL Holdings (UK) Limited 7.440000 3.510000 10.950000%
FIL Limited FIL Investments International 7.440000 3.510000 10.950000%
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
16-Jan-2024
13. Place Of Completion
Dublin, Ireland