REG - Kibo Energy PLC - Application for Admission of Shares to AIM & TVR

Kibo EnergyAnnouncement

07/01/2025 16:00

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RNS Number : 4599S  Kibo Energy PLC  07 January 2025

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

('Kibo' or 'the Company')

 

Dated: 7 January 2025

Kibo Energy PLC ('Kibo' or the 'Company')

 

Application for Admission of Shares to AIM & TVR

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces that it has made an application to AIM for the admission of 10,354,250,000 new shares to AIM (the "Allotment Shares") which were previously announced as having been issued and allotted by the Company on its RNS announcements of 27 June 2024, 5 July 2024 and 5 August 2024.  Application for admission to AIM of the Allotment Shares follows the resumption of the Company's trading on AIM.
 
The Allotment Shares comprise the Tranche 1 Placing Shares issued to Peter Williams and announced on 27 June 2024 and 5 July 2024, along with the Peter Williams Tranche 2 Placing Shares, Conversion Shares and Deferred Warrant Shares announced on 5 August 2024.

 

Total Voting Rights:

The admission of the Allotment Shares, which rank pari passu with all existing
ordinary shares, will be on, or around 13 January 2025. Following admission of
the Allotment Shares, the Company's total issued share capital consists of
14,715,197,764 ordinary shares of EUR0.0001 each. This figure may then be used
by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company pursuant to
the FCA's Disclosure Guidance and Transparency Rules.

 

Table 1 below which is taken from the Company's RNS announcement of 5 August
2024 shows the Director Holdings before and after the issue of the Allotment
Shares and these positions will remain the same following the admission of the
Allotment Shares.

 

                                            Before Issue of Allotment Shares                                                                                                               After Issue of Allotment Shares
 Director Name                              Number of Kibo shares held  Number of Kibo Options and Warrants held  Shares held as % of current issued share capital (6,146,662,050 shares)  Number of Kibo shares held  Number of Kibo Options and Warrants held  Shares held as % of enlarged issued share capital (14,715,197,764) shares)
 Cobus van der Merwe & Related Parties      0                           Options: None                             0%                                                                       88,642,857                  Options: None                             0.60%

                                                                        Warrants: None                                                                                                                                 Warrants: None
 Noel O'Keeffe & Related Parties            57,234,904                  Options: None                             0.93%                                                                    57,234,904                  Options: None                             0.39%

                                                                        Warrants: 39,816,997                                                                                                                           Warrants: 39,816,997
 Clive Roberts & Related Parties            185,638,590                 Options: None                             3.02%                                                                    1,805,733,828               Options: None                             12.27%

                                                                        Warrants: 78,000,000                                                                                                                           Warrants: 1,698,095,238

Table 1: Kibo Director & Related Parties' Holdings.

 

Furthermore, the Company is aware of the following Significant Shareholders
shown in Table 2 below.

 

 Name                                                    No of Kibo Shares Held  % of enlarged Kibo Issued Share Capital
 Peter Williams                                          4,166,666,667           28.32
 Tsitato Trading Limited (Louis Coetzee related party).  3,118,960,332           21.20
 Mzuri Exploration Services Limited                      523,154,762             3.56
 Sanderson Capital Partners Ltd                          521,344,231             3.54
 RiverFort Global Opportunities PCC Limited              477,750,000             3.25

Table 2: Kibo Significant Shareholders.

 

This announcement contains inside information as stipulated under the Market
Abuse Regulations (EU) no. 596/2014.

 

**ENDS**

 

For further information please visit www.kibo.energy (http://www.kibo.energy/)
or contact:

 

 Cobus van der Merwe  info@kibo.energy (mailto:info@kibo.energy)  Kibo Energy PLC                        Chief Executive Officer
 James Biddle         +44 207 628 3396                            Beaumont Cornish Limited               Nominated Adviser

 Roland Cornish
 Claire Noyce         +44 20 3764 2341                            Hybridan LLP                           Joint Broker
 James Sheehan        +44 20 7048 9400                            Global Investment Strategy UK Limited  Joint Broker

 

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

7 January 2025

Corporate and Designated Adviser

River Group

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