REG - Kibo Energy PLC - Clarification on Inaccurate Moneyweb Article

Kibo EnergyAnnouncement

16/08/2023 10:15

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RNS Number : 5109J  Kibo Energy PLC  16 August 2023

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: 16 August 2023

 

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

 

Clarification on Inaccurate Moneyweb Article re Gas Discovery in South Africa

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused
development company, would like to clarify the statements made about the
Company in a Moneyweb article dated 16 August 2023, which has since been
corrected and updated.

 

The initial article stated that Kinetiko Energy made a massive gas discovery
near Secunda, Mpumalanga, believed to be more than 10 trillion cubic feet in
volume, and that Kinetiko Energy is linked to Kibo.

 

Kibo would like to clarify that neither Kinetiko Energy nor the gas discovery
is linked to Kibo Energy in any way. The Moneyweb article has since been
updated to reflect the correct factual position following objections to
Moneyweb from both Kibo and Kinetiko.

 

**ENDS**

 

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
 James Biddle Roland Cornish   +44 207 628 3396                                                      Beaumont Cornish Limited    Nominated Adviser
 Claire Noyce                  +44 20 3764 2341                                                      Hybridan LLP                Joint Broker
 Damon Heath                   +44 207 186 9952                                                      Shard Capital Partners LLP  Joint Broker
 Zainab Slemang van Rijmenant  zainab@lifacommunications.com (mailto:zainab@lifacommunications.com)  Lifa Communications         Investor and Media Relations Consultant

 

Johannesburg

16 August 2023

Corporate and Designated Adviser

River Group

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