/Equities/AIMX/KIBO/RNS

TR-1

RNS Number : 2715Z

Kibo Energy PLC

12 May 2023

Kibo Energy PLC (Incorporated in Ireland) A picture containing text, clipart Description automatically generated

(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: 12 May 2023

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

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer in Microsoft Word format if possible)

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:						Kibo Energy PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights					X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name			RiverFort Global Opportunities PCC Ltd
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name				Jarvis Investment Management Ltd
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:				10^th May 2023
6. Date on which issuer notified (DD/MM/YYYY):				11^th May 2023
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)			Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	4.99%			4.99%			3,731,866,683
Position of previous notification (if applicable)	<3%			<3%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares (GB00BH3X7Y70)		186,588,704					4.99%


SUBTOTAL 8. A		186,588,704					4.99%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date	Exercise/ Conversion Period			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights


			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date		Exercise/ Conversion Period ^xi		Physical or cash settlement			Number of voting rights	% of voting rights


					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)				X
Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
RiverFort Global Opportunities PCC Ltd	4.99%		4.99%


10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information
The Ordinary Shares are held by Jarvis Investment Management in CREST for the benefit of RiverFort Global Opportunities PCC Ltd.

Place of completion	London, United Kingdom
Date of completion	11th May 2023

**ENDS**

For further information please visit www.kibo.energy or contact:

Louis Coetzee	[email protected]	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
Damon Heath	+44 207 186 9952	Shard Capital Partners LLP	Joint Broker
Zainab Slemang van Rijmenant	[email protected]	Lifa Communications	Investor and Media Relations Consultant

Johannesburg

12 May 2023

Corporate and Designated Adviser

River Group

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END

HOLEAESAFAPDEFA

Date	12 May 2023
Time	11:45:02
Category	Holding(s) in company
ID	2715Z

Date	12 May 2023
Time	11:45:02
Category	Holding(s) in company
ID	2715Z

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