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")
Dated: 17 June 2019
Kibo Energy PLC ('Kibo' or the 'Company')
Issue of Shares in lieu of payment to Service Providers & Contractors
Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused, energy company announces the issue of 10,518,741 Ordinary Shares of €0.015 in the capital of the Company in payment of various service invoices to certain providers of professional and technical consulting services ("Contractor Shares"). Details of the Contractor Shares are outlined below.
Table 1: Issue of Contractor Shares
Description |
Payment Value (GBP) |
Issue Price per Share (GBP) |
No. of new Kibo Shares issued |
Service Provider and Contractor fees |
142,003.01 |
0.0135 |
10,518,741 |
Total Voting Rights
Application will be made for the Contractor Shares (the "Shares") to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 24 June 2019 ('Admission'). Following Admission, the Company will have 776,986,592 shares in issue. The foregoing figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
For further information please visit www.kibo.energy or contact:
Louis Coetzee |
[email protected] |
Kibo Energy PLC |
Chief Executive Officer |
Andreas Lianos |
+27 (0) 83 4408365 |
River Group |
Corporate and Designated Adviser on JSE |
Ben Tadd / Tom Curran |
+44 (0) 20 3700 0093 |
SVS Securities Limited |
Joint Broker |
Jason Robertson |
+44 (0) 20 7374 2212 |
First Equity Limited |
Joint Broker |
Andrew Thomson |
+61 8 9480 2500 |
RFC Ambrian Limited |
NOMAD on AIM |
Isabel de Salis / Gaby Jenner |
+44 (0) 20 7236 1177 |
St Brides Partners Ltd |
Investor and Media Relations Adviser |
Notes to editors
Kibo Energy PLC is a multi-asset energy company focused on progressing a diverse portfolio of advanced power generation and mining projects in Sub-Saharan Africa and the UK, utilising established international relationships with key development partners. It is simultaneously developing three coal-fuelled power projects in Africa: the Benga Independent Power Project in Mozambique; the Mabesekwa Coal Independent Power Project in Botswana; and the Mbeya Coal to Power Project in Tanzania. Additionally, the Company has a 60% interest in MAST Energy Developments Limited, a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market.
Johannesburg
17 June 2019
Corporate and Designated Adviser
River Group
