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| Date | 28 Oct 2022 |
| Time | 13:00:04 |
| Category | AGMs and other meetings |
| ID | 5263E |
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
("Kibo" or "the Company")
28 October 2022
Kibo Energy PLC ('Kibo' or the 'Company')
Results of Reconvened AGM
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, announces the results of voting at its reconvened Annual General Meeting ("AGM") held today. Proxies were received by shareholders holding 9.51% of the shares in Kibo (3,039,197,458 shares issued and outstanding).
Due to ongoing technical difficulties relating to the casting of votes, most of Kibo's largest shareholders were unable to cast their votes, despite the anticipation that these difficulties would be resolved in advance of the adjourned meeting. The Company did not wish to further adjourn the AGM, and therefore the board decided to proceed with the ordinary business of the AGM and withdraw from consideration the proposed resolutions 4 to 8.
The Company intends to hold an EGM to deal with these other resolutions as soon as is reasonably possible and is working to assist the relevant shareholders in resolving these technical issues.
The Company remains committed to ensuring full shareholder representation at its general meetings.
The proxy voting details for resolutions 1- 3 at the AGM are shown on the table below: -
|
Resolu-tion # |
Summary Resolution |
Votes cast For & With Discretion |
Votes cast Against |
Votes Withheld |
||||
|
|
|
Number |
% |
Number |
% |
Number |
% |
|
|
1. |
To receive, consider and adopt the accounts for the year ended 31 December 2021and the Directors' and Auditor's Reports thereon. |
158,844,540
|
54.95 |
126,566,736 |
43.78 |
3,669,300 |
1.27 |
|
|
|
|
|
|
|
|
|
|
|
|
2. |
To authorise the Directors to fix the remuneration of the auditors. |
158,494,540 |
54.83 |
126,916,736 |
43.90 |
3,669,300 |
1.27 |
|
|
|
|
|
|
|
|
|
|
|
|
3. |
To note the resignation of Mr. Christian Schaffalitzky as Director |
158,841,800 |
54.95 |
126,566,736 |
43.78 |
3,672,040 |
1.27 |
|
|
|
|
|
|
|
|
|
|
|
|
Resolutions numbered 4 to 8 on the Notice of AGM were withdrawn |
||||||||
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 and is announced in accordance with the Company's obligations under Article 17 of the specified Regulation.
Louis Coetzee, CEO of Kibo, said: "I want to thank Christian Schaffalitzky, who has retired today as a director and chairman of the Company. On behalf of the Kibo Board I thank him for his dedication and commitment to Kibo over the last 15 years. His technical knowledge and company management skills have made a significant contribution to the Company's development during his time as Chairman. I wish Christian the very best with his retirement plans.
For further information please visit www.kibo.energy or contact:
|
Louis Coetzee |
Kibo Energy PLC |
Chief Executive Officer |
|
|
Andreas Lianos |
+357 99 53 1107 |
River Group |
JSE Corporate and Designated Adviser |
|
Claire Noyce |
+44 (0) 20 3764 2341 |
Hybridan LLP |
Joint Broker |
|
Damon Heath |
+44 207 186 9952 |
Shard Capital Partners LLP |
Joint Broker |
|
Bhavesh Patel / Stephen Allen |
+44 20 3440 6800 |
RFC Ambrian Ltd |
NOMAD on AIM |
|
Zainab Slemang van Rijmenant |
Lifa Communications |
Investor and Media Relations Consultant |
Johannesburg
28 October 2022
Corporate and Designated Adviser
River Group