KIBO MINING PLC
Dated: 21 October 2010
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached:
KIBO Mining PLC
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights: |
a |
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: |
- |
An event changing the breakdown of voting rights: |
- |
Other (please specify): |
- |
3. Full name of person(s) subject to the notification obligation:
City Equities Limited
4. Full name of shareholder(s) (if different from 3.):
N/A
5. Date of the transaction (and date on which the threshold is crossed
or reached if different):
1 October 2010 (Placing participation)
20 October 2010 closing of transaction
6. Date on which issuer notified:
21 October 2010
7. Threshold(s) that is/are crossed or reached:
Above 3% to below 3%
8. Notified details
A. Voting rights attached to shares:
Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
|||||
Number of Shares |
Number of Voting Rights viii |
Number of shares |
Number of voting rights ix |
% of voting rights |
|||
Direct |
Direct x |
Indirect xi |
Direct |
Indirect |
|||
IE00B61XQX41 |
10,000,000 |
10,000,000 |
Nil |
Nil |
Nil |
Nil |
Nil |
B. Qualifying Financial Instruments:
Resulting situation after the triggering transaction:
Type of |
Expiration |
Exercise/ |
Number of voting |
% of voting |
financial |
date |
Conversion |
rights that may be |
rights |
instrument |
Period/Date |
acquired if the |
||
instrument is exercised/ |
||||
converted |
||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction:
Type of |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting |
|
financial |
price |
date |
Conversion |
rights instrument |
rights |
|
instrument |
period |
refers to |
||||
Nominal |
Delta |
|||||
Total (A+B+C)
Number of voting rights % of voting rights
Nil Nil
9. Chain of controlled undertakings through which the voting rights and/
or the financial instruments are effectively held, if applicable:
N/A
Proxy Voting
10. Name of the proxy holder: n/a
11. Number of voting rights proxy n/a
holder will cease to hold:
12. Date on which proxy holder n/a
will cease to hold voting
rights:
13. Additional information:
Shares acquired in the Company's Placing, announced 1 October 2010. Shares have been sold to certain clients, with City Equities Limited acting as Principal.
14. Contact name: Kevin Wallace
15. Contact telephone number: 020 7489 5562
Enquiries:
Noel O'Keeffe |
+353 91 384562 |
Kibo Mining plc
|
Managing Director |
John Simpson |
020 7776 6550 |
Daniel Stewart & Company Plc
|
Nominated Adviser |
Fiona Kinghorn / Nick Bealer |
020 7448 9820 |
Alexander David Securities Limited
|
Joint Broker |
Anthony Kluk |
020 7628 1128 |
Loeb Aron & Company Limited
|
Joint Broker |
Updates on the Company's activities are regularly posted on its website www.kibomining.com