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Kibo Energy PLC held an Extraordinary General Meeting (EGM) on 9 February 2024, where shareholders representing 35.44% of the issued ordinary shares submitted proxies. All resolutions were carried, including empowering Directors to allot equity securities and updating the Company's Memorandum and Articles of Association, with over 79% of votes cast in favour for each resolution.
| Date | 9 Feb 2024 |
| Time | 12:45:00 |
| Category | AGMs and other meetings |
| ID | 6897C |
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")
9 February 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. Proxies were received by shareholders holding 35.44 % of the shares in Kibo (4,279,866,683 ordinary shares issued and outstanding). All Resolutions were carried.
The proxy voting results at the EGM are shown in the table below: -
|
Resolution #
|
Summary Resolution |
Votes For & Discretion |
Votes Against |
*Votes Withheld |
|||
|
|
|
Number |
% |
Number |
% |
Number |
% |
|
|
|
|
|
|
|
|
|
|
1. |
That the Directors be and are hereby empowered pursuant to Section 1023(3) of the Companies Act, 2014 to allot equity securities. |
1,207,440,575 |
79.61 |
309,207,789 |
20.39 |
0 |
n/a |
|
|
|
|
|
|
|
|
|
|
2. |
That the Memorandum of Association of the Company be updated |
1,200,990,575 |
79.21 |
315,173,087 |
20.79 |
484,702 |
n/a |
|
|
|
|
|
|
|
|
|
|
3. |
That the Articles of Association of the Company be updated |
1,200,990,575 |
79.21 |
315,173,087 |
20.79 |
484,702 |
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" |
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**ENDS**
For further information please visit www.kibo.energy or contact:
|
Louis Coetzee |
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 |
Johannesburg
9 February 2024
Corporate and Designated Adviser
River Group