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On 19 September 2024, Kibo Energy PLC signed a Sale & Purchase Agreement for the disposal of its wholly owned Cyprus subsidiary, Kibo Mining (Cyprus) Limited, to Aria Capital Management Limited. This agreement is conditional on receiving Shareholder approval, which Kibo Energy PLC is arranging a general meeting for, with the notice to be dispatched next week.
| Date | 19 Sept 2024 |
| Time | 13:45:00 |
| Category | Disposals |
| ID | 9198E |
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 or contact:
|
Cobus van der Merwe |
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 |
|
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