REG - Kibo Energy PLC - Result of Meeting

Kibo EnergyAnnouncement

11/10/2024 12:30

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RNS Number : 9199H  Kibo Energy PLC  11 October 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')

 

11 October 2024

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

 Results of Extraordinary General Meeting

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused
development company, announces the results of voting at its Extraordinary
General Meeting ("EGM") held today.  The Resolution was carried.

 

Proxies were received by shareholders holding 54.84 % of the shares in Kibo
(14,715,197,764 ordinary shares issued and outstanding).

 

The proxy voting results at the EGM are shown in the table below: -

 

 Resolution #  Summary Resolution                                                        Votes For &               Votes              *Votes

                                                                                         Discretion                Against            Withheld
                                                                                         Number          %         Number      %      Number  %

 1.            To approve the sale of Kibo Mining (Cyprus) Limited, Registration Number
               HE247089 to Aria Capital Management Limited

                                                                                         8,066,098,870   99.94     4,950,287   0.06   6,233   n/a

 *A vote withheld is not a vote in law and is not counted in the calculation of
 the proportion of votes "For" and "Against"

 

Accordingly, all conditions regarding the sale of Kibo Mining (Cyprus) Limited
have now been met and the Company will proceed to complete the share transfer
to Aria Capital Management Limited. As previously advised, the Company is now
an AIM Rule 15 cash shell.

 

**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
 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

11 October 2024

Corporate and Designated Adviser

River Group

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