REG - Kibo Energy PLC - Project Acquisition Update

Kibo EnergyAnnouncement

14/04/2025 07:00

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RNS Number : 7833E  Kibo Energy PLC  14 April 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: 7.00am on 14 April 2025

 

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

Project Acquisition Update

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), is pleased to announce that it is at an advanced stage in its assessment of potential projects that it is considering for acquisition under a Reverse Takeover Transaction ("RTO"). Under AIM Rule 15, trading in the Company's shares will be suspended on AIM from 7.30 a.m. on 14 April 2025.

 

The JSE has determined that there is no basis to suspend trading in the
Company's securities at this stage and trading on the JSE will not be
suspended at this stage.

 

The Company will keep the market updated on progress with its project
acquisition discussions.

 

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
 James Sheehan        +44 20 7048 9400                            Global Investment Strategy UK Limited  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

14 April 2025

Corporate and Designated Adviser

River Group

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