Director Transactions

 

 

Directors of Kenmare Resources plc have been involved in transactions in the Company's shares. Five directors exercised options which were due to expire today. Some of the resulting shares have been held by those directors and the balance have been purchased by another director.  Following these transactions and the exercise of warrants announced on 5th January, director holdings have changed as follows:

 

Chairman Charles Carvill exercised warrants over 400,000 shares and held all the resulting shares.  This has increased his shareholding from 4,278,157 shares to 4,678,157 shares, which represents an increase in his shareholding of 9%.

 

Michael Carvill exercised options and warrants over 1,976,629 shares and held 362,648 shares. This has increased his shareholding from 2,337,352 shares to 2,700,000 shares, which represents an increase in his shareholding of 15%.

 

Tony McCluskey exercised options over 480,000 shares and held 52,320 shares. This has increased his shareholding from 147,680 shares to 200,000 shares, which represents an increase in his shareholding of 35%.

 

Deputy Chairman, Donal Kinsella has purchased 2,691,661 shares. This has increased his shareholding from 1,253,837 shares to 3,945,498 shares, which represents an increase in his shareholding of 215%.

 

Dr. Alastair Brown exercised warrants over 40,000 shares and held all the resulting shares. This has increased his shareholding from 147,070 shares to 187,070 shares, which represents an increase in his shareholding of 27%.

 

Non-executive Director Terry Fitzpatrick exercised options over 360,000 shares and disposed of these shares. His shareholding of 37,994 shares remains unchanged.

 

Further details of the transactions are contained in the relevant regulatory notifications, including Schedules 11 released in respect of the warrants on 5th January and the options today.

Michael Carvill, Managing Director

Tel:       + 353 1 671 0411

Mob:     + 353 87 674 0110

 

Tony McCluskey, Financial Director

Tel:       + 353 1 671 0411

Mob:     + 353 87 674 0346

 

Leesa Peters

Tel:       +44 (0) 207 429 6600

Mob:     + 44 (0) 781 215 9885

Elizabeth Headon

Tel:       + 353 1 498 0300

Mob:     + 353 87 989 7234

 

 

20th January, 2006