REG - Kibo Energy PLC - Sale of Disposal of Kibo Mining (Cyprus) Signed

Kibo EnergyAnnouncement

19/09/2024 13:45

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RNS Number : 9198E  Kibo Energy PLC  19 September 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: 19 September 2024

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

 

Sale & Purchase Agreement for the Disposal of Kibo Subsidiary Kibo Mining
(Cyprus) Limited Signed

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused
development company, is pleased to announce that further to its RNS
Announcement of 16 September 2024, it has now signed the Sale & Purchase
Agreement for the disposal of the Company's wholly owned Cyprus subsidiary
Kibo Mining (Cyprus) Limited ("KMCL Disposal") to Aria Capital Management
Limited.

 

As required under AIM Rule 15, Kibo is now arranging a general meeting to seek
Shareholder Approval for the KMCY Disposal and a notice convening this general
meeting will be announced and dispatched to Shareholders next week. Completion
of the Sale & Purchase Agreement is only conditional on receiving
Shareholder approval for the KMCY Disposal pursuant to AIM Rule 15. The terms
of the Sale & Purchase Agreement remain as set out in the announcement of
16 September.

 

**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

19 September 2024

Corporate and Designated Adviser

River Group

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