Kibo Energy PLC Warrant Exercise (4575X)
May 04 2021 - 6:15AM
UK Regulatory
TIDMKIBO
RNS Number : 4575X
Kibo Energy PLC
04 May 2021
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: 4 May 2021
Warrant Exercise
Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset,
Africa & UK focused, energy company is pleased to announce that
warrant holders have exercised 50,000,889 Company warrants to
subscribe for 50,000,889 new Kibo shares (the "Warrant Shares",)
under the terms of warrants awarded to subscribers as part of a
Company placing announced on the 17 September 2020. The warrants
were exercisable at a price of GBP 0.004 (0.4p) per warrant. The
gross proceeds to the Company were GBP200,003.55 following exercise
of the warrants.
Total Voting Rights
Application will be made for the Warrant Shares to be admitted
to trading on AIM and the JSE AltX markets. Trading in the Warrant
Shares is expected to commence on AIM and the JSE on or around 10
May 2021 ('Admission'). Following Admission, the Company will have
2,410,072,391 shares in issue. The foregoing gure 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.
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo .energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated
Adviser
------------------ ------------------- -----------------------------
Claire Noyce +44 (0) 20 3764 Hybridan LLP Broker
2341
------------------ ------------------- -----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
/ Stephen Allen
------------------ ------------------- -----------------------------
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media Relations
/ Charlotte Hollinshead 1177 Ltd Adviser
------------------ ------------------- -----------------------------
Notes
Kibo Energy PLC is a multi-asset, Africa focused, energy company
positioned to address the acute power deficit, which is one of the
primary impediments to economic development in Sub-Saharan Africa.
To this end, it is the Company's objective to become a leading
independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled
power projects: the Mbeya Coal to Power Project ('MCPP') in
Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in
Botswana; and the Benga Independent Power Project ('BIPP') in
Mozambique. By developing these projects in parallel, the Company
intends to leverage considerable economies of scale and timing in
respect of strategic partnerships, procurement, equipment, human
capital, execution capability / capacity and project finance.
Johannesburg
4 May 2021
Corporate and Designated Adviser
River Group
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEUSRRRAUUVRAR
(END) Dow Jones Newswires
May 04, 2021 06:15 ET (10:15 GMT)
Kibo Energy (LSE:KIBO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kibo Energy (LSE:KIBO)
Historical Stock Chart
From Apr 2023 to Apr 2024