Kenmare Resources plc is listed on the London Stock Exchange and the Euronext Dublin under the ticker KMR.
|Exchange||London Stock Exchange||Euronext Dublin|
|Index||FTSE All-Share, FTSE SmallCap|
|Listing date||17 March 1989||17 November 1994|
In October 2018 Kenmare announced a dividend policy to return a minimum of 20% of profit after tax to shareholders. The Company is working towards paying modest dividends from 2019, with plans to increase capital returns materially from 2021 after its current development projects have been delivered. In December 2018 shareholders voted to eliminate Kenmare’s historic losses and the capital reduction was subsequently confirmed by the High Court of Ireland. Kenmare is in the process of completing the group rationalisation and addressing the applicable conditions for the payment of dividends.
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.