Kibo Energy PLC Result of Extraordinary General Meeting (9114P)

TIDMKIBO

RNS Number : 9114P

Kibo Energy PLC

22 February 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: 22 February 2021

Result of Extraordinary General Meeting

Dublin, Ireland, 22 February 2021 - Kibo Energy plc (LSE: KIBO, Alt(x) KBO), the multi-asset, Africa & UK focused energy company, announces that each of the resolutions proposed at the Extraordinary General Meeting of the Company, held earlier today, were passed.

The full text of each resolution was included in the Notice of Extraordinary General Meeting of the Company, circulated to shareholders on 29 January 2021. The resolutions relate to the replacement of CREST with Euroclear Bank for electronic settlement of trading in the ordinary shares of the Company.

Voting on the resolutions was conducted by poll, and the details of the poll vote are set out below:

 
                                             Votes                       % of ISC    Votes 
                         Votes for     %     Against   %    Votes Total    Voted    Withheld 
Resolution 
 1: Shareholders 
 Consent to Migration   798,772,784  99.97   52,398   0.01  799,024,983    35.8     199,801 
                        -----------  -----  --------  ----  -----------  --------  --------- 
Resolution 
 2: Approval 
 and Adoption 
 of New Articles 
 of Association 
 of the Company         798,816,284  99.97   8,898    0.00  799,024,983    35.8     199,801 
                        -----------  -----  --------  ----  -----------  --------  --------- 
Resolution 
 3: to give effect 
 to aspects of 
 the Migration          798,816,284  99.97   8,898    0.00  799,024,983    35.8     199,801 
                        -----------  -----  --------  ----  -----------  --------  --------- 
 

Notes

1. Any proxy appointments which gave discretion to the Chair have been included in the "votes for" total.

2. A "Vote Withheld" is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.

End

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

 
Louis Coetzee     [e-mail]      Kibo Energy         Chief Executive Officer 
                                         PLC 
Andreas Lianos    [phone]    River Group         Corporate and Designated 
                                                             Adviser on JSE 
                                        ------------------  ---------------------------- 
Claire Noyce      [phone]  Hybridan LLP        Broker 
                ----------------------  ------------------  ---------------------------- 
Bhavesh Patel     [phone]      RFC Ambrian         NOMAD on AIM 
 / Stephen                               Limited 
 Allen 
                ----------------------  ------------------  ---------------------------- 
Isabel de         [phone]  St Brides Partners  Investor and Media Relations 
 Salis / Beth                            Ltd                 Adviser 
 Melluish 
                ----------------------  ------------------  ---------------------------- 
 

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.

Johannesburg

22 February 2021

Corporate and Designated Adviser

River Group

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February 22, 2021 07:30 ET (12:30 GMT)