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KIBO ENERGY PLC - Application for Admission of Shares to AIM & Total Voting Rights

Release Date: 07/01/2025 17:46
Code(s): KBO     PDF:  
Wrap Text
Application for Admission of Shares to AIM & Total Voting Rights

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: 7 January 2025
                              Kibo Energy PLC ('Kibo' or the 'Company')

                       Application for Admission of Shares to AIM & TVR

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
announces that it has made an application to AIM for the admission of 10,354,250,000 new shares to
AIM (the "Allotment Shares") which were previously announced as having been issued and allotted
by the Company on its RNS announcements of 27 June 2024, 5 July 2024 and 5 August 2024.
Application for admission to AIM of the Allotment Shares follows the resumption of the Company's
trading on AIM.

The Allotment Shares comprise the Tranche 1 Placing Shares issued to Peter Williams and announced
on 27 June 2024 and 5 July 2024, along with the Peter Williams Tranche 2 Placing Shares, Conversion
Shares and Deferred Warrant Shares announced on 5 August 2024.

Total Voting Rights:
The admission of the Allotment Shares, which rank pari passu with all existing ordinary shares, will
be on, or around 13 January 2025. Following admission of the Allotment Shares, the Company's total
issued share capital consists of 14,715,197,764 ordinary shares of EUR0.0001 each. This figure may
then be used by shareholders in the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change in their interest in, the share
capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Table 1 below which is taken from the Company's RNS announcement of 5 August 2024 shows the
Director Holdings before and after the issue of the Allotment Shares and these positions will remain
the same following the admission of the Allotment Shares.

                            Before Issue of Allotment Shares               After Issue of Allotment Shares
 Director Name     Number of        Number of       Shares held as    Number       Number of       Shares held as
                   Kibo shares     Kibo Options      % of current     of Kibo     Kibo Options     % of enlarged
                      held         and Warrants      issued share      shares         and           issued share
                                       held             capital         held       Warrants            capital
                                                    (6,146,662,050                    held        (14,715,197,764
                                                        shares)                                       ) shares)
 Cobus van der          0           Options: None         0%         88,642,857   Options: None         0.60%
 Merwe &                              Warrants:                                      Warrants:
 Related Parties                        None                                           None
 Noel O'Keeffe     57,234,904       Options: None       0.93%        57,234,904   Options: None       0.39%
 & Related                            Warrants:                                      Warrants:
 Parties                             39,816,997                                     39,816,997
 Clive Roberts     185,638,590      Options: None       3.02%        1,805,733,   Options: None      12.27%
 & Related                            Warrants:                         828          Warrants:
 Parties                             78,000,000                                   1,698,095,238
Table 1: Kibo Director & Related Parties' Holdings.
Furthermore, the Company is aware of the following Significant Shareholders shown in Table 2
below.

 Name                                                     No of Kibo Shares Held     % of enlarged Kibo Issued
                                                                                     Share Capital
 Peter Williams                                                4,166,666,667                    28.32
 Tsitato Trading Limited (Louis Coetzee related party).        3,118,960,332                    21.20
 Mzuri Exploration Services Limited                             523,154,762                      3.56
 Sanderson Capital Partners Ltd                                 521,344,231                      3.54
 RiverFort Global Opportunities PCC Limited                     477,750,000                      3.25
Table 2: Kibo Significant Shareholders.

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

                                                **ENDS**

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

 Cobus van der Merwe     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
 James Sheehan           +44 20 7048 9400    Global Investment Strategy UK Limited   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
7 January 2025
Corporate and Designated Adviser
River Group

Date: 07-01-2025 05:46:00
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