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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kibo Energy Plc | LSE:KIBO | London | Ordinary Share | IE00B97C0C31 | ORD EUR0.0001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0375 | 0.035 | 0.04 | 0.0375 | 0.0345 | 0.0375 | 1,059,629 | 08:00:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 1.04M | -9.78M | -0.0026 | -0.15 | 1.51M |
TIDMKIBO
RNS Number : 7587P
Kibo Energy PLC
19 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: 19 February 2021
Warrant Exercise
Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset, Africa & UK focused, energy company is pleased to announce that certain warrant holders have exercised 31,500,000 Company warrants to subscribe for 31,500,000 new Kibo shares (the "Warrant Shares",) under the terms of warrants awarded to subscribers announced on the 17 September 2020. 7,500,000 warrants were exercised at a price of GBP 0.004 (0.4p) per warrant and 24,000,000 warrants exercised at a price of GBP 0.0025 (0.25p) per warrant. The gross proceeds to the Company were GBP90,000 following exercise of the warrants.
Total Voting Rights
Application will be made for the Warrant Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Warrant Shares is expected to commence on AIM and the JSE on or around 25 February 2021 ('Admission'). Following Admission, the Company will have 2,263,140,835 shares in issue. The foregoing gure 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.
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo .energy Kibo Energy PLC Chief Executive Officer Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated Adviser --------------------- ------------------- ----------------------------- Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Broker --------------------- ------------------- ----------------------------- Bhavesh Patel +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM / Stephen Allen --------------------- ------------------- ----------------------------- Isabel de +44 (0) 20 7236 1177 St Brides Partners Investor and Media Relations Salis / Beth Ltd Adviser Melluish --------------------- ------------------- -----------------------------
Notes
Kibo Energy PLC is a multi-asset, Africa 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
19 February 2021
Corporate and Designated Adviser
River Group
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(END) Dow Jones Newswires
February 19, 2021 06:50 ET (11:50 GMT)
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