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Kibo Energy PLC announced on May 30, 2024, the results of the Annual General Meeting (AGM) held by its subsidiary, Mast Energy Developments PLC (MED). At the AGM, all five proposed resolutions were carried, with proxies received from shareholders holding 61.45% of MED's 426,354,067 issued shares.
| Date | 30 May 2024 |
| Time | 14:00:00 |
| Category | Miscellaneous |
| ID | 5071Q |
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: 30 May 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces AGM Results
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces the results of the AGM held today of its subsidiary Mast Energy Developments PLC ('MED'), a UK-based multi-asset owner, developer and operator in the rapidly growing flexible power market.
Further details can be found in the full MED RNS Announcement, which is available below and at med.energy.
-------------------------
30 May 2024
Mast Energy Developments PLC
Results of Annual General Meeting
Mast Energy Developments PLC ("MED" or "the Company") the UK-based multi-asset operator in the rapidly growing Reserve Power market, announces the results of voting at its Annual General Meeting ("AGM") held today.
Proxies were received by shareholders holding 61.45% of the shares in MED (426,354,067 shares issued and outstanding). All Resolutions were carried.
The proxy voting details at the AGM are shown on the table below:
|
Resolution #
|
*Summary Resolution |
Votes cast For & With Discretion |
Votes cast Against |
Votes Withheld |
||
|
|
|
Number |
% |
Number |
% |
Number |
|
1. |
To receive and adopt the accounts and reports for the financial year ended 31 December 2023. |
261,871,936 |
99.96 |
113,885 |
0.04 |
0 |
|
2. |
To appoint Crowe UK LLP as auditors of the Company and to authorise the directors to determine their remuneration |
261,871,936 |
99.96 |
113,885 |
0.04 |
0 |
|
3. |
To re-elect Mr Dominic Traynor as a Director of the Company |
254,261,936
|
97.06 |
7,713,885 |
2.94 |
10,000 |
|
4. |
THAT the Directors be, and they are hereby generally and unconditionally authorised to exercise all powers of the Company to allot relevant securities
|
260,210,634 |
99.32 |
1,775,187 |
0.68 |
0 |
|
5. |
THAT the Directors be, and they are hereby empowered pursuant to Section 570 of the Act to allot equity securities |
260,200,634 |
99.32 |
1,785,187 |
0.68 |
0 |
|
* The full text of the Resolutions can be found on the Notice of AGM on the MED website at: https://med.energy/wp-content/uploads/2022/04/MED-2024-Notice-of-AGM-Final.pdf |
||||||
ENDS
This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please visit www.med.energy or contact:
|
Pieter Krügel |
Mast Energy Developments PLC |
CEO |
|
|
Jon Belliss |
+44 (0)20 7399 9425 |
Novum Securities |
Corporate Broker |
_______________________
**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 |
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
30 May 2024
Corporate and Designated Adviser
River Group