Brief: Kibo Energy Says Previously Announced Proposed Board Changes & Proposed Placing Will Not Proceed

Kibo Energy

20/06/2024 07:42

June 20 (Reuters) - Kibo Energy PLC  KIBO.L :
    * KIBO ENERGY PLC  - UPDATED CORPORATE RESTRUCTURING AND
REPOSITIONING
    * KIBO ENERGY PLC: PREVIOUSLY ANNOUNCED PROPOSED BOARD
CHANGES
WILL NOT PROCEED AS ORIGINALLY PLANNED
    * KIBO ENERGY PLC: PROPOSED PLACING OF £500,000 AT 0.015
PENCE AS
ORIGINALLY ANNOUNCED, WILL ALSO NOT PROCEED
    * KIBO ENERGY PLC: ARRANGED AND AGREED A REVISED ALTERNATIVE
BOARD
COMPOSITION AND A NEW PLACING
    * KIBO ENERGY PLC: LOUIS COETZEE, INTERIM CHAIRMAN AND CEO
WILL
STEP DOWN AS CEO AND DIRECTOR

Source text for Eikon:  ID:nRST1437Ta 
Further company coverage:  KIBO.L 

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