{"id":9271,"date":"2021-11-19T17:10:04","date_gmt":"2021-11-19T17:10:04","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=9271"},"modified":"2021-11-19T14:59:12","modified_gmt":"2021-11-19T14:59:12","slug":"kenmare-begins-tender-offer-to-return-up-to-gbp62-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million","title":{"rendered":"Kenmare begins tender offer to return up to GBP62 million"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Kenmare Resources PLC \u2013 lithium and zircon producer in Mozambique \u2013 On Tuesday announces proposed tender offer to buy back up to 13.5% of the company\u2019s shares. Intends to return up to GBP61.8 million to shareholders by way of the offer at a price of GBP4.17 per share. The tender offer will be funded from Kenmare\u2019s cash reserves and borrowings and will close on December 9.<\/p>\n<p>\u201cThe tender offer executes on the company\u2019s stated intention to increase shareholder returns after the successful completion of its major capital projects and is supported by strong operational performance of the group and commodity market strength in 2021,\u201d Kenmare said.<\/p>\n<p>Current stock price: 420.00 pence<\/p>\n<p>Year-to-date change: up 34%<\/p>\n<p><b>By<\/b><\/p>\n<p>Will Paige;<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Kenmare Resources PLC \u2013 lithium and zircon producer in Mozambique \u2013 On Tuesday announces proposed tender offer to buy back up to 13.5% of the company\u2019s shares. Intends to return up to GBP61.8 million to shareholders by way of the offer at a price of GBP4.17 per share. The tender offer will [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":9270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-9271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenmare begins tender offer to return up to GBP62 million - Mozambique<\/title>\n<meta name=\"description\" content=\"Kenmare Resources PLC \u2013 lithium and zircon producer in Mozambique \u2013 On Tuesday announces proposed tender offer to buy ba ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenmare begins tender offer to return up to GBP62 million\" \/>\n<meta property=\"og:description\" content=\"Kenmare Resources PLC \u2013 lithium and zircon producer in Mozambique \u2013 On Tuesday announces proposed tender offer to buy ba ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-19T17:10:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6197bbad48cef.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"622\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenmare begins tender offer to return up to GBP62 million\",\"datePublished\":\"2021-11-19T17:10:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million\"},\"wordCount\":136,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6197bbad48cef.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/kenmare-begins-tender-offer-to-return-up-to-gbp62-million\",\"name\":\"Kenmare begins tender offer to return up to GBP62 million - 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