Kibo Share Forfeiture

RNS Number : 9912Q

Kibo Mining Plc

23 June 2015

 

Kibo Mining 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: 23 June  2015

Kibo Share Forfeiture

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company announces in accordance with the terms of  its Articles of Association, that it has today declared 4,090,000 Ordinary Shares ("Forfeited Shares") issued to XCAP Nominees Limited <Placings> (XCAP"), a subsidiary of Hume Capital Limited, on the 3^rd March 2015, forfeited. The Forfeited Shares remained unpaid at the 22 June 2015 which was the final date advised to XCAP for receipt of funds by Kibo for the Forfeited Shares. The Forfeited Shares will now be placed in a Company treasury account for disposal at a later date.

The table below shows the number of Kibo Shares issued and outstanding prior to and after the share process.

Shares Issued & Outstanding Prior to Share Forfeiture	Shares Forfeited	Kibo Shares Issued & Outstanding after Share Forfeiture
328,898,757	4,090,000	324,808,757 (and 4,090,000 ordinary shares held in Kibo treasury account)

An application has been made for the Forfeited Shares to be delisted from AIM and the JSE and this is expected to take place on 23 June 2015

Contacts

Louis Coetzee	[phone]	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	[phone]	River Group	Corporate Adviser and Designated Adviser on JSE
Jon Belliss	[phone]	Beaufort Securities Limited	Broker
Oliver Morse	[phone]	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lucinda Alderson	[phone]	Bell Pottinger	Investor and Media Relations

Johannesburg

23 June 2015

Corporate and Designated Adviser

River Group

 

END

 

 

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