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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kibo Energy Plc | AQSE:KIBO.GB | Aquis Stock Exchange | Ordinary Share | IE00B97C0C31 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0125 | 0.01 | 0.015 | 0.0125 | 0.0125 | 0.0125 | 0.00 | 07:15:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2023 to Dec 2024
TIDMKIBO
RNS Number : 8121A
Kibo Energy PLC
24 January 2024
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')
Dated: 24 January 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces TR-1 Notification of Major Shareholdings
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces a TR-1 Notification by its subsidiary Mast Energy Developments PLC ('MED'), a UK-based multi-asset owner, developer and operator in the rapidly growing flexible power market.
The proceeds from the disposal of the MED shares amounting to approximately GBP119,444 have been used for Kibo's ongoing working capital requirements and to reduce the outstanding balance on the Company's reprofiled bridge loan facility with RiverFort Global Opportunities PCC Ltd in order to meet the monthly payments to reduce potential equity dilution arising from the elected missed payment rights (refer Kibo RNS announcements of 11 and 26 April 2023).
Further details can be found in the full MED announcement, which is available below and at med.energy :
-------------------------
Dated: 24 January 2024
TR-1: S tandard form for notification of major holdings
Hot Features
Premium
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 underlying Mast Energy Developments
issuer of existing shares to which voting PLC
rights are attached:
---------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please
mark with an "X" if appropriate)
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 Kibo Mining (Cyprus) Limited
City and country of registered office (if Limassol Cyprus
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 23/01/24
or reached:
---------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 23/01/24
---------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number of
rights attached through financial in % (8.A voting rights
to shares instruments (total + 8.B) held in issuer
(total of of 8.B 1 + 8.B (8.A + 8.B)
8. A) 2)
----------------- -------------------- ----------------- --------------------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 39.65% 39.65% 104,611,746
----------------- -------------------- ----------------- --------------------------
Position
of previous
notification
(if applicable) 47.08% 47.08%
----------------- -------------------- ----------------- --------------------------
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 Number of voting rights % of voting rights
of shares
ISIN code (if
possible)
----------------------------------------------------
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
----------------- --------------------------------- ------------ ------------
GB00BMBSCV12 104,611,746 39.65%
----------------- --------------------------------- ------------ ------------
SUBTOTAL 8.
A 104,611,746
---------------------------------------------------- --------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Conversion Number of voting % of voting
instrument date Period rights that may rights
be acquired if
the instrument
is
exercised/converted.
----------- --------------------------- ------------------------ ------------
SUBTOTAL 8.
B 1
--------------------------- ------------------------ ------------
B 2: Financial Instruments with similar economic effect according
to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number % of voting
instrument date Conversion cash of voting rights
Period Settlement rights
----------- ------------------ ------------------- ------------
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 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 X
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 % of voting Total of both if it equals
rights if rights through or is higher than the notifiable
it equals financial instruments threshold
or is higher if it equals
than the notifiable or is higher
threshold than the notifiable
threshold
--------------------- ------------------------- ------------------------------------
Kibo Energy
PLC
--------------------- ------------------------- ------------------------------------
Kibo Mining
(Cyprus) Limited 39.65% 39.65%
--------------------- ------------------------- ------------------------------------
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 Limassol, Cyprus
-----------------
Date of completion 23/01/24
-------------------- -----------------
For further information please visit www.med.energy or contact:
Pieter Krügel Info@med.energy Mast Energy Developments CEO
PLC
------------------------------ ------------------------- -----------------
Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate
Broker
------------------- ------------------------------ ------------------------- -----------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor &
van Rijmenant Media Relations
Advisor
------------------- ------------------------------ ------------------------- -----------------
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
James Biddle +44 207 628 3396 Beaumont Cornish Nominated Adviser
Roland Cornish Limited
------------------------------ -------------------- ------------------------
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
------------------------------ -------------------- ------------------------
Damon Heath +44 207 186 9952 Shard Capital Joint Broker
Partners LLP
------------------------------ -------------------- ------------------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media
van Rijmenant Relations Consultant
------------------------------ -------------------- ------------------------
Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Johannesburg
24 January 2024
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
HOLSEDFILELSEEF
(END) Dow Jones Newswires
January 24, 2024 10:45 ET (15:45 GMT)
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