REG - Kibo Energy PLC - Publication of AFS & Admission of Placing Shares

Kibo EnergyAnnouncement

25/06/2024 07:00

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RNS Number : 6798T  Kibo Energy PLC  25 June 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: 25 June 2024

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

 

Update regarding publication of the Company's Accounts & Admission of the
Placing Shares

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused
development company, announces that whilst the audit preparation for the
Financial Statements to 31 December 2023 ("Accounts") has been ongoing, the
Accounts are unlikely to be published by 30 June 2024 as required by the AIM
Rules. The Company is working diligently to have the Accounts ready for
publication at the end of July to early August and will update the market
should there be any change to this date.

Accordingly, and pursuant to AIM Rule 19, the Exchange will suspend trading in
the Company's shares with effect from 07h30 on 1 July 2024.

 

The Company also announces that in relation to the Placing announced on 20
June 2024, admission of the 3,400,000,000 Placing Shares will now happen in
two tranches: the first tranche of 2,400,000,000 Ordinary Shares will be
admitted to trading on AIM on 27 June 2024 as originally announced whilst the
second tranche, being 1,000,000,000 Ordinary Shares, will be admitted at the
time trading in the Company's Ordinary Shares on AIM resumes as referenced
above.

 

Total Voting Rights:

Following Admission of the first tranche of Placing Shares, the Company's
total issued share capital will consist of 6,760,947,764 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.

 

**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
 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

25 June 2024

Corporate and Designated Adviser

River Group

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