REG - Kibo Energy PLC - Appointment of Director

Kibo EnergyAnnouncement

18/07/2024 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240718:nRSR9378Wa&default-theme=true

RNS Number : 9378W  Kibo Energy PLC  18 July 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

('Kibo' or 'the Company')

 

Dated: 18 July 2024

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

 

Appointment of Director

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused
development company, announces that further to its RNS announcement of 5 July
2024, Mr. Clive Roberts has now been appointed to the Kibo board as a director
and non-executive Chairman effective today.

 

Clive Charles Herbert Roberts (Aged 61) had a 30-year career in investment
banking, including 22 years at ABN AMRO Hoare Govett, and has spent the last
10 years investing in startups and AIM companies. He has helped raise many
millions of investment funds for multiple companies and his market experience
will be extremely valuable to KIBO going forward.

 

The following details in relation to the appointment of Mr. Clive Roberts, Age
61, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

 

Current Directorships & Former Directorships within last five years.

 

 Current Directorships        Directorships within last five years
 Laserpod Ltd                 Afonydd Cymru Cyfyngedig
 CCH Roberts Trading Limited
 West Wales River Trust
 Finsac LLP

 

Mr. Roberts and his Related Parties currently hold 185,638,590 shares in the
Company (3.02% of Issued Share Capital) and 78,000,000 Company warrants. Mr.
Roberts is also the beneficiary of a convertible loan from Kibo Energy, which
on conversion will result in the issue of 1,620,095,238 Shares, equating to an
interest of 15.22% in Kibo following completion of all creditor conversions
announced on Kibo RNS of 27 June 2024. Mr. Roberts will also receive an
additional 1,620,095,238 Company warrants commensurate with the loan
conversion.

 

There are no further details to be disclosed pursuant to Schedule 2 paragraph
(g) of the AIM Rules.

 

**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                        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

18 July 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  BOAGPUBWMUPCURR