To view the PDF file, sign up for a MySharenet subscription.

KIBO ENERGY PLC - Kibo Subsidiary MAST Announces TR-1 Notification of Major Shareholdings

Release Date: 05/02/2024 15:55
Code(s): KBO     PDF:  
Wrap Text
Kibo Subsidiary MAST Announces TR-1 Notification of Major Shareholdings

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: 5 February 2024
                             Kibo Energy PLC ('Kibo' or the 'Company')

               Kibo Subsidiary Announces TR-1 Notification of Major Shareholdings

   Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
   announces a TR-1 Notification by its subsidiary Mast Energy Developments PLC ('MED'), a UK-
   based multi-asset owner, developer and operator in the rapidly growing flexible power market.

   The proceeds from the disposal of the MED shares amounting to approximately £23,970 have been
   used to reduce the outstanding balance on the Company's reprofiled bridge loan facility with
   RiverFort Global Opportunities PCC Ltd. (refer Kibo RNS announcements of 11 and 26 April 2023).

   Further details can be found in the full MED announcement, which is available below and at
   med.energy:

                                     –––––––––––––––––––––––––
   Dated: 5 February 2024

                    TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)

1a. Identity of the issuer or the underlying issuer of
                                                                   Mast Energy Developments PLC
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)

2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights                                                          X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name                                                         Kibo Mining (Cyprus) Limited
City and country of registered office (if applicable)        Limassol Cyprus
4. Full name of shareholder(s) (if different from 3.)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached: 02/02/24
6. Date on which issuer notified (DD/MM/YYYY):              02/02/24
7. Total positions of person(s) subject to the notification obligation
                                              % of voting rights
                        % of voting rights                                               Total number of
                                               through financial     Total of both in
                        attached to shares                                               voting rights held in
                                             instruments (total of   % (8.A + 8.B)
                          (total of 8. A)                                                issuer (8.A + 8.B)
                                                 8.B 1 + 8.B 2)
Resulting situation
on the date on which
                       37.70%                                       37.70%               99,461,746
threshold was
crossed or reached
Position of previous
notification (if       39.65%                                       39.65%
applicable)

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 shares         Number of voting rights             % of voting rights
ISIN code (if possible)         Direct            Indirect              Direct              Indirect
                               (DTR5.1)          (DTR5.2.1)           (DTR5.1)             (DTR5.2.1)
GB00BMBSCV12                 99,461,746                          37.70%
SUBTOTAL 8. A                            99,461,746

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
                                                               Number of voting rights
Type of financial   Expiration      Exercise/ Conversion       that may be acquired if the      % of voting
instrument          date            Period                     instrument is                    rights
                                                               exercised/converted.

                                    SUBTOTAL 8. B 1


B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of                          Exercise/        Physical or
                  Expiration                                        Number of     % of voting
financial                        Conversion       cash
                  date                                              voting rights rights
instrument                       Period           Settlement

                                                       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 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       X
entity (please add additional rows as necessary)
                                                               % of voting rights
                                % of voting rights if it       through financial            Total of both if it
           Name                equals or is higher than instruments if it equals equals or is higher than
                               the notifiable threshold       or is higher than the     the notifiable threshold
                                                              notifiable threshold
Kibo Energy PLC
Kibo Mining (Cyprus)
                              37.70%                                                     37.70%
Limited

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information


 Place of completion       Limassol, Cyprus
 Date of completion        02/02/24

                                                 **ENDS**

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

    Louis Coetzee    info@kibo.energy     Kibo Energy PLC                 Chief Executive Officer
    James Biddle
                     +44 207 628 3396     Beaumont Cornish Limited        Nominated Adviser
    Roland Cornish
    Claire Noyce     +44 20 3764 2341     Hybridan LLP                    Joint Broker
    Damon Heath      +44 207 186 9952     Shard Capital Partners LLP      Joint Broker

   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
   05 February 2024
   Corporate and Designated Adviser
   River Group

Date: 05-02-2024 03:55:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.