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KIBO Kibo Energy Plc

0.012
0.00 (0.00%)
Last Updated: 01:00:00
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 notification of major holdings (7859M)

25/01/2021 12:05pm

UK Regulatory


Kibo Energy (LSE:KIBO)
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TIDMKIBO

RNS Number : 7859M

Kibo Energy PLC

25 January 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")

Dated: 25 January 2021

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) 
 
 1a. Identity of the issuer or the                                            Kibo Energy PLC 
  underlying 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                                                    Yakoub Yakoubov 
 City and country of registered office 
  (if 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                      25 January 2021 
  crossed or reached: 
                                                        ---------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):          25 January 2021 
                                                        ---------------------------------------------------------- 
 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 (total          8.B)         of issuer 
                                       of 8. A)            of 8.B 1 + 8.B 
                                                                 2) 
                               -----------------------  --------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                            4.05%                    0%                 4.05%        2,221,640,835 
                               -----------------------  --------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                           3.06%                    0%                 3.06% 
                               -----------------------  --------------------  ----------------  ------------------ 
 
 
 
 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) 
                                         --------------------- 
 ORDINARY SHARES 
  OF EUR 0.015 
  ISIN: 
  IE00B97C0C31          90,033,333                 0                           4.05%                          0% 
                   --------------------  ---------------------  ----------------------------------  --------------------- 
 
 SUBTOTAL 8. A                      90,033,333                                            4.05% 
                   -------------------------------------------  --------------------------------------------------------- 
 
 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. 
                   --------------------  ---------------------  ----------------------------------  --------------------- 
 
 
                                          SUBTOTAL 8. B 1 
                                         ---------------------  ----------------------------------  --------------------- 
 
 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 (xvi) 
 
 
 
 
 Place of completion   London, UK 
 Date of completion    25 January 2021 
                      ---------------- 
 

**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          JSE Corporate and Designated 
                                                                       Adviser 
                                                 -------------------  ---------------------------- 
  Claire Noyce               +44 (0) 20 3764     Hybridan LLP         Broker 
                              2341 
                           --------------------  -------------------  ---------------------------- 
  Bhavesh Patel / Stephen    +44 20 3440 6800    RFC Ambrian Limited  NOMAD on AIM 
   Allen 
                           --------------------  -------------------  ---------------------------- 
  Isabel de Salis /          +44 (0) 20 7236     St Brides Partners   Investor and Media Relations 
   Beth Melluish              1177                Ltd                  Adviser 
                           --------------------  -------------------  ---------------------------- 
 

Notes

Kibo Energy PLC is a multi-asset, Africa and UK 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 Projects 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

25 January 2021

Corporate and Designated Adviser

River Group

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END

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January 25, 2021 07:05 ET (12:05 GMT)

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