REG - Kibo Energy PLC - Receipt of First Tranche of Convertible Loan Note

Kibo EnergyAnnouncement

16/10/2025 14:00

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RNS Number : 7074D  Kibo Energy PLC  16 October 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: 16 October 2025

 

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

Receipt of First Tranche under Convertible Loan Note

 

Kibo Energy PLC (AIM: KIBO, AltX: KBO) is pleased to announce that further to
its announcement on 8(th) October 2025 of the proposed acquisition of Carbon
Resilience Pte Limited (the "Target") by way of a Reverse Takeover Transaction
(the "RTO") the Company has received an initial advance of funding under the
Convertible Loan Note (the "CLN") issued to an institutional investor (the
"Noteholder"). These funds will allow work on the RTO to commence and the
Company's advisors to start the due diligence process in anticipation of work
on the preparation of the admission document and related documentation
following in due course.

 

As previously announced, the Target is a utility-scale industrial
decarbonization and renewable energy company with over 14 GW of onshore wind,
solar, and battery energy storage potential capacity in development across
900,000 hectares in Queensland, Australia to support scaled clean power
solutions to the grid, industrial electrification, data centers, critical
minerals, and low-carbon liquid fuels.

 

The balance of the CLN funds is expected to be received by the Company on or
around 29(th) October 2025 and it is intended that these funds will be
supplemented in due course by completion of a further fundraise, expected to
be in the form of a separate Convertible Loan Note, to cover working capital
requirements and the balance of the RTO costs.  A further announcement will
be made when this is finalised.

 

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 Roland Cornish  +44 207 628 3396                            Beaumont Cornish Limited               Nominated Adviser
 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

16 October 2025

Corporate and Designated Adviser

River Group

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