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: 18 July 2024
Kibo Energy PLC
('Kibo' or the
'Company')
Appointment of
Director
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused
development company, announces that further to its RNS announcement
of 5 July 2024, Mr. Clive Roberts has now been appointed to the
Kibo board as a director and non-executive Chairman effective
today.
Clive Charles Herbert Roberts
(Aged 61)
had a 30-year career in investment banking,
including 22 years at ABN AMRO Hoare Govett, and has spent the last
10 years investing in startups and AIM companies. He has helped
raise many millions of investment funds for multiple companies and
his market experience will be extremely valuable to KIBO going
forward.
The following details in relation to
the appointment of Mr. Clive Roberts, Age 61, are disclosed in accordance with
Schedule 2(g) of the AIM Rules:
Current Directorships & Former
Directorships within last five years.
|
Current Directorships
|
Directorships within last five years
|
|
Laserpod Ltd
|
Afonydd Cymru Cyfyngedig
|
|
CCH Roberts Trading
Limited
|
|
|
West Wales River Trust
|
|
|
Finsac LLP
|
|
Mr. Roberts and his Related Parties
currently hold 185,638,590 shares in the Company (3.02% of Issued
Share Capital) and 78,000,000 Company warrants. Mr. Roberts is also
the beneficiary of a convertible loan from Kibo Energy, which on
conversion will result in the issue of 1,620,095,238 Shares,
equating to an interest of 15.22% in Kibo following completion of
all creditor conversions announced on Kibo RNS of 27 June 2024. Mr.
Roberts will also receive an additional 1,620,095,238 Company
warrants commensurate with the loan conversion.
There are no further details to be
disclosed pursuant to Schedule 2 paragraph (g) of the AIM
Rules.
**ENDS**
For further information please
visit www.kibo.energy
or contact:
|
Cobus van der Merwe
|
info@kibo.energy
|
Kibo Energy PLC
|
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
18 July 2024
Corporate and Designated
Adviser
River Group
