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 5.36% 0.275 0.26 0.29 0.2775 0.27 0.275 15,903,543 08:00:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.9 -0.4 - 6

Kibo Energy PLC TR-1: Notification of major holdings

20/11/2020 8:00am

UK Regulatory (RNS & others)

Kibo Energy (LSE:KIBO)
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RNS Number : 9994F

Kibo Energy PLC

20 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")

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

Dated: 20 November 2020

TR-1: S tandard form for notification of major holdings

 1a. Identity of the issuer or the underlying                                  Kibo Energy PLC 
  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 
 An acquisition or disposal of financial instruments 
 An event changing the breakdown of voting rights 
 Other (please specify): admission of new shares                                                      X 
 3. Details of person subject to the notification obligation 
 Name                                                                SPREADEX LTD 
 City and country of registered office (if                           St Albans, UK 
 4. Full name of shareholder(s) (if different from 3.) 
 City and country of registered office (if 
 5. Date on which the threshold was crossed                          12/11/2020 
  or reached: 
 6. Date on which issuer notified (DD/MM/YYYY):                      19/11/2020 
 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 
                          ------------------  --------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               6.00%               0.86%                 6.86%           2,221,640,835 
                          ------------------  --------------------  --------------  -------------------- 
 Position of 
  previous notification 
  applicable)              6.18%               1.02%                 7.20% 
                          ------------------  --------------------  --------------  -------------------- 
 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 
  ISIN code (if 
                           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) 
 IE00B97C0C31       133,266,055                                            6.00% 
                   ----------------------  -----------------------------  -------------------------  --------------------- 
 SUBTOTAL 8. A                          133,266,055                                             6.00% 
                   -----------------------------------------------------  ------------------------------------------------ 
 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 
                   -----------  ---------------------------------  --------------------------------  --------------------- 
 CFD/Spread Bet                                                     19,010,277                        0.86% 
                   -----------  ---------------------------------  --------------------------------  --------------------- 
                                 SUBTOTAL 8. B 1                    19,010,277                        0.86% 
                                ---------------------------------  --------------------------------  --------------------- 
 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 settlement          voting rights         rights 
  instrument                      Period 
              ----------------  --------------------  -----------------------  -------------------- 
                                                       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 
                   ----------------------  ---------------------  ------------------------ 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
 The number and % of voting rights 
 The date until which the voting rights 
  will be held 
 11. Additional information (xvi) 
 Place of completion   UK 
 Date of completion    19/11/2020 


For further information please visit or contact:

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


20 November 2020

Corporate and Designated Adviser

River Group

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November 20, 2020 03:00 ET (08:00 GMT)

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