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KIBO Kibo Energy Plc

0.012
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
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

Kibo Energy PLC TR-1: Standard form for notification (4619W)

18/08/2020 10:30am

UK Regulatory


Kibo Energy (LSE:KIBO)
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TIDMKIBO

RNS Number : 4619W

Kibo Energy PLC

18 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")

Kibo Energy PLC ('Kibo' or the 'Company')

Dated: 18 August 2020

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the underlying                                 Kibo Energy PLC 
  issuer of existing shares to which voting 
  rights are attached: 
                                                                   ------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                   ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                         X 
                                                                                                   ---- 
 An acquisition or disposal of financial instruments 
                                                                                                   ---- 
 An event changing the breakdown of voting rights 
                                                                                                   ---- 
 Other (please specify) 
                                                                                                   ---- 
 3. Details of person subject to the notification obligation 
 Name                                                               SPREADEX LTD 
 City and country of registered office (if                          St Albans, UK 
  applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                                   ------------------------------------ 
 City and country of registered office (if 
  applicable) 
                                                                   ------------------------------------ 
 5. Date on which the threshold was crossed                         10/08/2020 
  or reached: 
                                                                   ------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):                     17/08/2020 
                                                                   ------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting      % of voting rights   Total of both   Total number 
                            rights attached     through financial    in % (8.A +     of voting rights 
                            to shares (total       instruments           8.B)        of issuer 
                                of 8. A)          (total of 8.B 
                                                   1 + 8.B 2) 
                          ------------------  -------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               6.26%               0.31%                6.57%           1,323,126,552 
                          ------------------  -------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if applicable)          4.08%               0.32%                4.40% 
                          ------------------  -------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                           Direct                    Indirect                     Direct                  Indirect 
                     (Art 9 of Directive       (Art 10 of Directive         (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)              2004/109/EC)            2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                 (DTR5.2.1)                                           (DTR5.2.1) 
                                           --------------------------- 
 IE00B97C0C31       82,777,778                                           6.26% 
                   ----------------------  ---------------------------  -------------------------  --------------------- 
 
 SUBTOTAL 8. A                          82,777,778                                            6.26% 
                   ---------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/ Conversion             Number of voting                  % of voting 
 financial           date         Period                           rights that may                   rights 
 instrument                                                        be acquired if 
                                                                   the instrument 
                                                                   is exercised/converted. 
                   -----------  -------------------------------  --------------------------------  --------------------- 
 CFD/Spread Bet                                                   4,090,833                         0.31% 
                   -----------  -------------------------------  --------------------------------  --------------------- 
 
                                 SUBTOTAL 8. B 1                  4,090,833                         0.31% 
                                -------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/             Physical or             Number of            % of voting 
  financial     date              Conversion            cash                    voting rights        rights 
  instrument                      Period                settlement 
              ----------------  --------------------  ----------------------  ------------------- 
 
                                                       SUBTOTAL 8.B.2 
                                                      ----------------------  ------------------- 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                        X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer 
 Full chain of controlled undertakings through which the voting rights 
  and/or the financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity (please 
  add additional rows as necessary) 
       Name          % of voting rights      % of voting rights       Total of both if 
                       if it equals or        through financial        it equals or is 
                      is higher than the      instruments if it        higher than the 
                     notifiable threshold    equals or is higher     notifiable threshold 
                                             than the notifiable 
                                                  threshold 
                   ----------------------  ---------------------  ------------------------ 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                           ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                           ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                           ----------------------------------------------- 
 
 11. Additional information 
 
 
 
 
 Place of completion   UK 
 Date of completion    17/08/2020 
                      ----------- 
 

**S**

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   Joint Broker 
                    1494 
                   -------------------  --------------------  ------------------------- 
 Bhavesh Patel      +44 20 3440 6800     RFC Ambrian Limited   NOMAD on AIM 
  / Stephen Allen 
                   -------------------  --------------------  ------------------------- 
 Charlotte Page     +44 (0) 20 7236      St Brides Partners    Investor and Media 
  /                  1177                 Ltd                   Relations Adviser 
  Beth Melluish 
                   -------------------  --------------------  ------------------------- 
 

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

18 August 2020

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.

END

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August 18, 2020 05:30 ET (09:30 GMT)

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