REG - Kibo Energy PLC - Issue of Shares to Service Provider

Kibo EnergyAnnouncement

05/03/2024 07:00

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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

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