Kibo Mining Plc Kibo Share Forfeiture (9912Q)

TIDMKIBO

RNS Number : 9912Q

Kibo Mining Plc

23 June 2015

Kibo Mining 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: 23 June 2015

Kibo Share Forfeiture

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company announces in accordance with the terms of its Articles of Association, that it has today declared 4,090,000 Ordinary Shares ("Forfeited Shares") issued to XCAP Nominees Limited <Placings> (XCAP"), a subsidiary of Hume Capital Limited, on the 3(rd) March 2015, forfeited. The Forfeited Shares remained unpaid at the 22 June 2015 which was the final date advised to XCAP for receipt of funds by Kibo for the Forfeited Shares. The Forfeited Shares will now be placed in a Company treasury account for disposal at a later date.

The table below shows the number of Kibo Shares issued and outstanding prior to and after the share process.

 
 Shares Issued     Shares Forfeited   Kibo Shares Issued 
  & Outstanding                        & Outstanding 
  Prior to Share                       after Share Forfeiture 
  Forfeiture 
----------------  -----------------  ------------------------ 
                                      324,808,757 (and 
                                       4,090,000 ordinary 
                                       shares held in 
                                       Kibo treasury 
 328,898,757       4,090,000           account) 
----------------  -----------------  ------------------------ 
 
 

An application has been made for the Forfeited Shares to be delisted from AIM and the JSE and this is expected to take place on 23 June 2015

Contacts

 
 
   Louis Coetzee      +27 (0) 83    Kibo Mining       Chief Executive 
                      2606126       plc               Officer 
------------------  ------------  ----------------  ------------------- 
 Andreas Lianos      +27 (0) 83    River Group       Corporate Adviser 
                      4408365                         and Designated 
                                                      Adviser on JSE 
------------------  ------------  ----------------  ------------------- 
 Jon Belliss         +44 (0) 207   Beaufort          Broker 
                      382 8300      Securities 
                                    Limited 
------------------  ------------  ----------------  ------------------- 
 Oliver Morse        +61 8 9480    RFC Ambrian       Nominated Adviser 
                      2500          Limited           on AIM 
------------------  ------------  ----------------  ------------------- 
 Daniel Thöle   +44 (0) 203    Bell Pottinger   Investor and Media 
  Lucinda Alderson    772 2500                        Relations 
------------------  ------------  ----------------  ------------------- 
 

Johannesburg

23 June 2015

Corporate and Designated Adviser

River Group

This information is provided by RNS

The company news service from the London Stock Exchange

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