MED Signs Term Sheet to Fund Power Projects

RNS Number : 5900P

Kibo Energy PLC

20 October 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: 20 October 2021

 

Kibo Energy PLC ('Kibo' or the 'Company')

MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve Power Projects

 

Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments PLC ("MAST"), today announced that Close Leasing Ltd, a subsidiary of Close Brothers Group plc (the "Lender"), have offered facilities to MED to fund the development and construction of the Company's two owned Reserve Power projects currently in development, Bordesley and Rochdale (the "Projects").

The facilities are offered subject to the successful completion of due diligence (including legal, technical and financial) and other relevant regulatory checks and approvals.  Final details of the facilities will be confirmed at financial close.

**ENDS**

For further information please visit www.kibo.energy or contact:

Louis Coetzee	info@kibo .energy	Kibo Energy PLC	Chief Executive Officer
Andreas Lianos	[phone]	River Group	JSE Corporate and Designated Adviser
Claire Noyce	[phone]	Hybridan LLP	Broker
Bhavesh Patel / Stephen Allen	[phone]	RFC Ambrian Ltd	NOMAD on AIM
Isabel de Salis / Oonagh Reidy	[e-mail]	St Brides Partners Ltd	Investor and Media Relations Adviser

Johannesburg

20 October 2021

Corporate and Designated Adviser

River Group

 

END

 

 

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