For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240305:nRSE5282Fa&default-theme=true
RNS Number : 5282F Kibo Energy PLC 05 March 2024
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
Dated: 5 March 2024
Kibo Energy PLC ("Kibo "or "the Company")
Issue of Shares to Service Provider
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused
development company, announces the issue of 81,081,081 ordinary shares of par
value €0.0001 each at an issue price of 0.037 pence per share (the
"Settlement Shares") to a service provider in payment of outstandings invoices
for a total value of £30,000. The issue price is the 10-day VWAP of the
Kibo share on AIM on 1 March 2024.
This share issue relates to a pre-agreed invoice settlement arrangement with
the service provider in September 2023 for which the share issue was
deferred pending Kibo shareholder approval for dis-application of pre-emptive
rights. This dis-application was recently obtained at the Company's EGM on 9
February last.
Total Voting Rights
Application will be made for the Settlement Shares to be admitted to trading
on AIM and the JSE AltX markets. Trading in the Subscription Shares is
expected to commence on AIM and the JSE on or around 8 March 2024
('Admission'). Following Admission, the Company will have 4,360,947,764 shares
in issue and this figure may be used by shareholders as the denominator for
the calculations to determine if they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
**ENDS**
This announcement is made in accordance with the requirements of the Market
Abuse Regulations (EU) no. 596/2014 (part of UK law by virtue of the European
Union (Withdrawal) Act 2018) and AIM Rule 21.
For further information please visit www.kibo.energy (http://www.kibo.energy/)
or contact:
Louis Coetzee info@kibo.energy (mailto:info@kibo.energy) Kibo Energy PLC Chief Executive Officer
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated Adviser
Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Joint Broker
Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker
James Biddle Roland Cornish +44 207 628 3396 Beaumont Cornish Nominated Adviser
Limited
Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.
Johannesburg
5 March 2024
Corporate and Designated Adviser River Group
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IOEUSVNRSWUORAR