Kibo Energy PLC PDMR Share Sale (3420A)

TIDMKIBO

RNS Number : 3420A

Kibo Energy PLC

19 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: 19 January 2024

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

PDMR Share Sale

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company announces that Louis Scheepers, the Company's Chief Operating Officer, and a Person Discharging Managerial Responsibility (PDMR) under the Company's Share Dealing Policy Code has traded Kibo shares on January 17, 2024 (the "Share Trade"). Mr. Scheepers has obtained consent from the Company for the Share Trade and has notified the FCA in the prescribed manner. The details of the Share Trade are shown on the table below. Following the Share Trade Mr. Scheepers and Related Parties hold a 1.38% beneficial interest in the Company.

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
1.    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                                  Louis Scheepers 
     -----------------------------------------  ----------------------------------------- 
2.    Reason for the notification 
     ------------------------------------------------------------------------------------ 
 a)   Position/status:                                 Chief Operating Officer -PDMR 
     -----------------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment:                            Initial 
     -----------------------------------------  ----------------------------------------- 
3.    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------ 
 a)   Name:                                                  Kibo Energy PLC 
     -----------------------------------------  ----------------------------------------- 
 b)   LEI:                                                635400WTCRIZB6TVGZ23 
     -----------------------------------------  ----------------------------------------- 
4     Details of the transaction(s): section to be repeated for (i) 
 .     each type of instrument; (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions have been conducted 
     ------------------------------------------------------------------------------------ 
 a)   Description of the financial instrument,               Ordinary Shares of EUR0.0001 
       type of instrument:                                    each 
       Identification code                                    IE00B97C0C31 / KIBO 
     -----------------------------------------  ----------------------------------------- 
 b)   Nature of the transaction:                             Sale of Securities 
     -----------------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s):                                   Volumes         Price 
                                                               -----------    ---------- 
                                                                10,000,000     GBP0.0004 
     -----------------------------------------  ----------------------------------------- 
 d)   Aggregated information:                                       N/A 
       Aggregated volume: 
       Price: 
     -----------------------------------------  ----------------------------------------- 
 e)   Date of the transaction:                               17 Jan 2024 (Settlement on 
                                                              19/1/2024) 
     -----------------------------------------  ----------------------------------------- 
 f)   Place of the transaction:                         London Stock Exchange/AIM 
     -----------------------------------------  ----------------------------------------- 
 

**ENDS**

This announcement is made in accordance with the requirements of the Market Abuse Regulations (EU) no. 596/2014 (part of UK law by virtue of the European Union (Withdrawal) Act 2018) and AIM Rule 21.

For further information please visit www.kibo.energy or contact:

 
 Louis Coetzee     [e-mail]                Kibo Energy PLC          Chief Executive 
                                                                             Officer 
 James Biddle      [phone]                Beaumont Cornish         Nominated Adviser 
  Roland Cornish                                    Limited 
                  ------------------------------  -----------------------  ------------------ 
 Claire Noyce      [phone]                Hybridan LLP             Joint Broker 
                  ------------------------------  -----------------------  ------------------ 
 Damon Heath       [phone]                Shard Capital Partners   Joint Broker 
                                                    LLP 
                  ------------------------------  -----------------------  ------------------ 
 Zainab Slemang    [e-mail]   Lifa Communications      Investor and 
  van Rijmenant                                                              Media 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

19 January 2024

Corporate and Designated Adviser

River Group

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January 19, 2024 08:52 ET (13:52 GMT)