Kibo Energy PLC Warrant Exercise (7587P)
February 19 2021 - 5:50AM
UK Regulatory
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
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