Workflow
Extension of PUSU deadline
GlobeNewswire·2025-05-15 06:00

Core Viewpoint - Kenmare Resources plc has extended the deadline for the Consortium to announce a firm intention to make a cash offer for the company, now set for June 20, 2025, to facilitate ongoing discussions and due diligence [3][5][6]. Group 1: Proposal and Offer Details - On March 6, 2025, Kenmare's Board announced a non-binding proposal from Oryx Global Partners Limited and Michael Carvill for a possible all-cash offer for the entire issued share capital of Kenmare [3]. - The initial deadline for the Consortium to announce a firm intention to make an offer was set for May 15, 2025, following an extension announced on April 17, 2025 [4][6]. Group 2: Regulatory Compliance - The extension of the deadline was granted by the Takeover Panel to allow the Consortium more time for due diligence and discussions [5]. - The revised deadline for the Consortium to either announce a firm intention to make an offer or state that it does not intend to make an offer is now June 20, 2025 [6].