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 3rd 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


+27 (0) 83 2606126


Kibo Mining plc


Chief Executive Officer

Andreas Lianos

+27 (0) 83 4408365

River Group

Corporate Adviser and Designated Adviser on JSE

Jon Belliss

+44 (0) 207 382 8300

Beaufort Securities Limited

Broker

Oliver Morse

+61 8 9480 2500

RFC Ambrian Limited

Nominated Adviser on AIM

Daniel Thöle

Lucinda Alderson

+44 (0) 203 772 2500

 

 Bell Pottinger

Investor and Media Relations

Johannesburg

23 June 2015

Corporate and Designated Adviser

River Group


This information is provided by RNS
The company news service from the London Stock Exchange
 
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