Kenmare Resources (CDI) (KMR): Possible offer

This situation live

£200m · 225.0p · +24% since the first step

Takeover target

Possible offer

approach

NOV17 Next: IRH firm offer or no-offer statement under Rule 2.7/2.8 in 23 days

Every step · 2

6 Oct 2026 approach – The Board of Kenmare Resources plc notes recent press speculation and confirms that it has received a non-binding proposal from International Resources... ↗
15 Oct 2026 approach – ilmenite production in 2026 to be 710,000 to 750,000 tonnes, compared to approximately 800,000 tonnes, as previously guided due to ongoing commissioning... ↗

What is happening

Kenmare Resources (CDI): Possible offer – approach. ['approach']

In short: On 6 Oct 2026, after press speculation, Kenmare confirmed a non-binding proposal from IRH for a possible cash offer for the whole company. The 15 Oct Q3 report says talks are ongoing and gives no price or new terms. IRH must announce a firm offer or walk away by 17 Nov 2026.
Announced: 6 Oct 2026 · approach
Latest: 15 Oct 2026 · approach
Bidder: International Resources Holdings RSC Ltd (IRH)
Offer: Non-binding proposal for a possible cash offer for the entire issued and to be issued share capital; no price stated
Board view: Discussions ongoing; no certainty of a firm offer or its terms
Timetable: Rule 2.7 firm offer or no-offer statement by 5.00 pm GMT on 17 November 2026
Share capital: 89,228,161 ordinary shares in issue plus 2,363,871 options under the restricted share plan

IRH firm offer or no-offer statement under Rule 2.7/2.8 (17 Nov 2026).

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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