Kibo Energy PLC Issue of Shares in lieu of Payment to Contractors (8548R)
November 10 2021 - 2:00AM
UK Regulatory
TIDMKIBO
RNS Number : 8548R
Kibo Energy PLC
10 November 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")
10 November 2021
Kibo Energy PLC ('Kibo' or the 'Company')
Issue of Shares in lieu of Payment to Contractors
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the renewable energy
focused development company, announces the issue of 25,308,700
ordinary shares at 0.2 pence per share, of par value EUR0.001 each
(the "Settlement Shares") to certain providers of financial and
technical services in payment of outstanding invoices.
Total Voting Rights
Application will be made for the Settlement Shares to be
admitted to trading on AIM and the JSE AltX markets. Trading in the
Subscription Shares is expected to commence on AIM and the JSE on
or around 17 November 2021 ('Admission'). Following Admission, the
Company will have 2,930,657,437 shares in issue and this 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.
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy Kibo Energy Chief Executive Officer
PLC
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated
Adviser
------------------------- ------------------ ----------------------------
Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Broker
------------------------- ------------------ ----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian NOMAD on AIM
/ Stephen Ltd
Allen
------------------------- ------------------ ----------------------------
Isabel de info@stbridespartners.com St Brides Partners Investor and Media Relations
Salis / Oonagh Adviser
Reidy
------------------------- ------------------ ----------------------------
Notes
Kibo Energy PLC is a multi-asset, UK & Africa focused,
energy company positioned to participate in the renewable energy
markets. Its main focus is in the UK and South Africa in the
developing waste-to-energy market whilst elsewhere in Africa it
seeks to address the acute power deficit on the continent through
its interest in three coal-fueled power projects optimized to use
the latest green-house gas emission reducing technology in
combination with co-located renewable energy generation.
Additionally, the Company has a 55.42% interest in MAST Energy
Developments Plc ('MED') an LSE listed UK company targeting the
development and operation of flexible power plants to service the
UK Reserve Power generation market.
Johannesburg
10 November 2021
Corporate and Designated Adviser
River Group
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END
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