Shareholder information

Kenmare Resources plc is listed on the London Stock Exchange and the Euronext Dublin under the ticker KMR.

Exchange information

ExchangeLondon Stock ExchangeEuronext Dublin
ISINIE00BDC5DG00IE00BDC5DG00
SEDOLBDC5DH1BDC5DG0
IndexFTSE All-Share, FTSE SmallCap
SectorMiningMining
Listing date17 March 198917 November 1994
CurrencyGBPEUR

Dividends

In October 2018 Kenmare announced a dividend policy to return a minimum of 20% of profit after tax to shareholders. In August 2019 the Company announced its maiden dividend of USc2.66, which is an interim dividend and in line with this policy. Kenmare plans to increase capital returns from 2021 after its current development projects have been delivered.

Dividend Witholding Tax

Kenmare is obliged to deduct Irish Dividend Withholding Tax (DWT) at a rate of 20% from all dividends, unless a shareholder is eligible for an exemption and has provided the appropriate forms claiming that exemption to the Company’s Registrars by the record date for the dividend.

Many shareholders who are not resident in Ireland, along with certain Irish companies, trusts, pension schemes, investment undertakings and charities, may be entitled to claim exemption from DWT. DWT will always be deducted from dividends paid to Irish resident individuals. For further information please visit: https://www.revenue.ie/en/companies-and-charities/dividend-withholding-tax/index.aspx.

If DWT was deducted from a dividend, despite the shareholder being eligible to claim an exemption, because the completed forms were not with the Registrar by the dividend record date, refunds of the tax can be sought from the Revenue Commissioners by completing this form: https://www.revenue.ie/en/companies-and-charities/documents/dwt/dwt-claim-for-refund.pdf

Neither the Company nor its Registrars can give tax advice. If you are in any doubt about your tax position you should consult your own tax adviser.

Warnings to shareholders

Shareholders should be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports on the Company.

Many companies have become aware that their shareholders have received unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas-based “brokers” who target UK shareholders, offering to sell them what often turns out to be worthless or high-risk shares in US or UK investments. These “brokers” can be very persistent and extremely persuasive, and it is not just the novice investor that has been duped in this way, many of the victims had been successfully investing for several years.

Types of scams

The following are examples of possible scams:

  • Offers to buy shares you already hold, often at a higher price than their market value.
  • Encouragement to sell your blue-chip shares in banks and financial institutions to invest in green or high technology shares marketed by the boiler rooms.
  • Offers to buy shares in US companies that turn out to be "Regulation S" (or Rule 144) shares, i.e. they can only be sold to non-US citizens, and often have other limitations.
  • Offers of help from "recovery rooms" who offer assistance to those defrauded by boiler rooms. They approach victims of boiler room fraud and, for an upfront fee, promise to review their case and obtain reimbursement from a European Court fund or other legal avenue.

Avoid becoming a victim of fraud

You should be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. If you receive any unsolicited investment advice you should:

Remain vigilant – be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. Make sure you get the correct name of the person and organisation.

Check that they are properly authorised by the FCA before getting involved by visiting https://register.fca.org.uk/. Call the company back using the details found on the FCA register to verify their authorisation. If the calls persist, hang up.

If you have received any unsolicited investment advice or think you may have been contacted in relation to a possible scam, the matter should be reported to the FCA by calling 0800 111 6768, or visiting https://www.fca.org.uk/consumers/report-scam-unaut...

If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme.

Details of any share dealing facilities that the Company endorses will be included in Company mailings.