Kibo Energy PLC Kibo Subsidiary MED Issue of Shares (3870A)
May 23 2023 - 8:30AM
UK Regulatory
TIDMKIBO
RNS Number : 3870A
Kibo Energy PLC
23 May 2023
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: 23 May 2023
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Issue of Shares
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy
focused development company, announces today that its subsidiary
Mast Energy Developments ('MED'), a UK-based multi-asset operator
in the rapidly growing flexible power market, has allotted
3,088,024 new MED shares of GBP0.001 each ('the 'Conversion
Shares'), following receipt of a conversion notice from the
institutional lender group under the terms of the recent
reprofiling agreement (the 'Reprofiling Agreement') on the balance
of MED's outstanding loan facilities as announced in an MED RNS
dated 18 May 2023.
Application for the Conversion Shares will be admitted to the
Standard List of the Official List and for trading on the main
market of the London Stock Exchange PLC ('LSE'). The expected
admission will become effective and dealings in the fee shares will
commence at 08h00 on or around 30 May 2023.
The full announcement can be viewed at med.energy. The full text
of the MED RNS follows:
______________________________________________________________________________
Dated: 23 May 2023
Mast Energy Developments PLC ('MED' or 'the Company')
Shares issue
Mast Energy Developments PLC, the UK-based multi-asset owner,
developer, and operator in the rapidly growing flexible power
market has today allotted 3,088,024 new MED shares of GBP0.001 each
(the "Conversion Shares") following receipt of a conversion notice
from the institutional lender group under the terms of the recent
reprofiling agreement (the "Reprofiling Agreement") on the balance
of its outstanding loan facilities announced on its RNS of 18 May
2023.
The shares are being issued in respect of GBP22,408.86 in
principal payment at an exercise price of GBP0.0072567 per
Conversion Share in accordance with the terms of the Reprofiling
Agreement.
Application will be made for the Conversion Shares to be
admitted to the Standard List segment of the Official List and to
trading on the main market of the London Stock Exchange plc
("Admission"). It is expected that Admission will become effective
and dealings in the Fee Shares will commence at 8.00am on, or
around, 30 May 2023.
Following Admission, the total issued share capital of the
Company will consist of 232,207,643 ordinary shares in issue and
this figure 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 for the purposes
of the UK version of the Market Abuse Regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information please visit www.med.energy or
contact:
Pieter Krügel Info@med.energy Mast Energy Developments CEO
PLC
------------------------------ ------------------------- -----------------
Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate
Broker
------------------- ------------------------------ ------------------------- -----------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor &
van Rijmenant Media Relations
Advisor
------------------- ------------------------------ ------------------------- -----------------
____________________________________________________________________________
This announcement contains inside information for the purposes
of the UK version of the Market Abuse Regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
**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 Nominated Adviser
Roland Cormish Limited
------------------------------ ----------------------- ----------------------
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
------------------------------ ----------------------- ----------------------
Damon Heath +44 207 186 9952 Shard Capital Partners Joint Broker
LLP
------------------------------ ----------------------- ----------------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media
van Rijmenant Relations Consultant
------------------------------ ----------------------- ----------------------
Johannesburg
23 May 2023
Corporate and Designated Adviser
River Group
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END
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