Share Name Share Symbol Market Type Share ISIN Share Description
Kibo Energy Plc LSE:KIBO London Ordinary Share IE00B97C0C31 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.014 -5.09% 0.261 0.26 0.29 0.285 0.2655 0.275 15,264,658 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.9 -0.4 - 6

Kibo Energy PLC Issue of Shares in lieu of payment to Contractors

06/11/2020 3:45pm

UK Regulatory (RNS & others)

Kibo Energy (LSE:KIBO)
Historical Stock Chart

From Oct 2020 to Jan 2021

Click Here for more Kibo Energy Charts.


RNS Number : 5347E

Kibo Energy PLC

06 November 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")

6 November 2020

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

Issue of Shares in lieu of payment to Contractors

Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused, energy company announces the issue of 66,864,313 Ordinary Shares of EUR0.001 in the capital of the Company (the "Shares") to certain providers of professional and technical consulting services in payment of outstanding invoices. The shares will be issued at 0.25p per share.

Total Voting Rights

Application will be made for the Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 12 November 2020 ('Admission'). Following Admission, the Company will have 2,221,640,835 shares in issue. The foregoing figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.


This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

For further information please visit or contact:

 Louis Coetzee     Kibo Energy PLC       Chief Executive Officer 
 Andreas Lianos     +27 (0) 83 4408365   River Group           JSE Corporate and 
                                                                Designated Adviser 
                                        --------------------  ------------------------ 
 Thomas Smith       +44 (0) 20 7392      ETX Capital Limited   Broker 
                   -------------------  --------------------  ------------------------ 
  Bhavesh Patel /   +44 20 3440 6800     RFC Ambrian Limited   NOMAD on AIM 
   Stephen Allen 
                   -------------------  --------------------  ------------------------ 
 Isabel de Salis    +44 (0) 20 7236      St Brides Partners    Investor and Media 
  / Beth Melluish    1177                 Ltd                   Relations Adviser 
                   -------------------  --------------------  ------------------------ 


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') (Previously Mast Energy Developments LTD), a private UK registered company targeting the development and operation of flexible power plants to service the UK Reserve Power generation market.


6 November 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 or visit

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) Dow Jones Newswires

November 06, 2020 10:45 ET (15:45 GMT)

1 Year Kibo Energy Chart

1 Year Kibo Energy Chart

1 Month Kibo Energy Chart

1 Month Kibo Energy Chart
ADVFN Advertorial
Your Recent History
Kibo Energ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210117 10:45:57