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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kibo Energy Plc | LSE:KIBO | London | Ordinary Share | IE00B97C0C31 | ORD EUR0.0001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.012 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 1.04M | -9.78M | -0.0022 | -0.05 | 523.31k |
TIDMKIBO
RNS Number : 9679W
Kibo Energy PLC
24 August 2020
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")
24 August 2020
Kibo Energy PLC ('Kibo' or the 'Company')
Results of EGM
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, announces the results of voting at an Extraordinary General Meeting ("EGM") held today. Proxies were received by shareholders holding 31.77% of the shares in Kibo (1,323,126,552 shares issued and outstanding). All Resolutions were carried by approximately 95% of proxy votes cast.
The proxy voting details at the EGM are shown on the table below: - Resolution Summary Resolution Votes For & Votes Votes # Discretion Against Withheld Number % Number % Number % ------------------------------ ------------ ------ ------------- ----- --------- ----- To increase authorised 1. share capital of the Company 399,078,081 94.93 21,289,659 5.06 40,687 0.01 ------------------------------ ------------ ------ ------------- ----- --------- ----- To amend the share capital clause of the Memorandum of Association following the increase in authorised 2. share capital 399,078,081 94.93 21,289,659 5.06 40,687 0.01 ------------------------------ ------------ ------ ------------- ----- --------- ----- To amend the share capital clause of the Articles of Association following the increase in authorised 3. share capital. 399,078,081 94.93 21,289,659 5.06 40,687 0.01 ------------------------------ ------------ ------ ------------- ----- --------- -----
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo .energy Kibo Energy PLC Chief Executive Officer Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated Adviser on JSE ------------------ ------------------- ------------------------ Philip Adler +44 (0) 20 7392 ETX Capital Limited Broker 1494 ------------------ ------------------- ------------------------ Bhavesh Patel/Stephen +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM Allen ------------------ ------------------- ------------------------ Charlotte Page/Beth +44 (0) 20 7236 St Brides Partners Investor and Media Melluish 1177 Ltd Relations 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.
Additionally, the Company has a 60% interest in MAST Energy Developments Limited ('MED'), a private UK registered company targeting the development and operation of flexible power plants to service the UK Reserve Power generation market.
Johannesburg
24 August 2020
Corporate and Designated Adviser
River Group
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END
ROMEANPLAASEEEA
(END) Dow Jones Newswires
August 24, 2020 05:35 ET (09:35 GMT)
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