Kibo Energy PLC Sale of Disposal of Kibo Mining (Cyprus) Signed
September 19 2024 - 7:45AM
RNS Regulatory News
RNS Number : 9198E
Kibo Energy PLC
19 September 2024
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: 19 September 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Sale & Purchase Agreement
for the Disposal of Kibo Subsidiary Kibo Mining (Cyprus) Limited
Signed
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, is pleased to announce that
further to its RNS Announcement of 16 September 2024, it has now
signed the Sale & Purchase Agreement for the disposal of the
Company's wholly owned Cyprus subsidiary Kibo Mining (Cyprus)
Limited ("KMCL Disposal") to Aria Capital Management Limited.
As required under AIM Rule 15, Kibo is now arranging
a general meeting to seek Shareholder Approval for the KMCY
Disposal and a notice convening this general meeting will be
announced and dispatched to Shareholders next week. Completion of
the Sale & Purchase Agreement is only conditional on receiving
Shareholder approval for the KMCY Disposal pursuant to AIM Rule 15.
The terms of the Sale & Purchase Agreement remain as set out in
the announcement of 16 September.
**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
Roland Cornish
|
+44 207 628 3396
|
Beaumont Cornish Limited
|
Nominated Adviser
|
|
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
19 September 2024
Corporate and Designated Adviser
River Group
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END
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