Kibo Energy PLC Pending Board Change (5618V)
December 14 2021 - 2:00AM
UK Regulatory
TIDMKIBO
RNS Number : 5618V
Kibo Energy PLC
14 December 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")
14 December 2021
Kibo Energy PLC ('Kibo' or the 'Company')
Pending Board Change
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the energy development
company with an increasing focus on renewables, announces that its
non-executive chairman, Mr. Christian Schaffalitzky, will retire
from the board early in 2022. Mr. Schaffalitzky's decision is part
of his retirement planning as he reduces his workload across his
business interests.
The Company has commenced the search for a new non-executive
chairman with a strong track-record in the renewable energy field
and expects to make an announcement early in 2022.
Louis Coetzee, CEO of Kibo said: "I want to thank Christian on
behalf of the Kibo Board for his dedication and commitment to Kibo
over the last 13 years. His technical knowledge and company
management skills have made a significant contribution to the
Company's development during his time as Chairman. I wish Christian
the very best with his retirement plans. I look forward to sharing
more information on the appointment of a new company chairman early
in 2022."
"Separately, we were saddened to learn of the recent passing of
one of Kibo's founders, Richard Speir. Richard was a geologist and
oceanographer who was an expert on Tanzanian economic geology and
was responsible for identifying the potential of the Katoro nickel
project, held by our subsidiary company Katoro Gold plc. He will be
missed"
**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
14 December 2021
Corporate and Designated Adviser
River Group
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END
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