Change of Name

RNS Number : 6920W

Kibo Energy PLC

03 August 2018

 

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: 3 August 2018

 

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

Change of Name

 

Kibo Energy PLC (AIM:KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, is pleased to announce that the change of name to Kibo Energy PLC has become effective immediately on the AIM and the name change will follow the below timetable on the JSE.

 

Last day to trade under current name                                      Tuesday, 6 August 2018

List and trade under new name on JSE system                        Wednesday, 7 August 2018

Record date for JSE purposes                                                  Friday, 10 August 2018

CSDP's and brokers accounts updated                                    Monday, 13 August 2018

 

Kibo would also like to confirm that no action is required by shareholders and the share code on the AIM and JSE, CUSIP number, as well as the ISIN and UK SEDOL will not change. The Company is also in the process of updating its website and all other communication platforms to reflect the name change.

 

With three power projects in development in Tanzania, Botswana and Mozambique, the Company believes that its new name more accurately reflects its strategy focused on building a leading position in the African power market.

**ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

For further information please visit www.kibomining.com or contact:

Louis Coetzee	[e-mail]	Kibo Energy PLC	Chief Executive Officer
Andreas Lianos	[phone]	River Group	Corporate and Designated Adviser on JSE
Ben Tadd / Tom Curran	[phone]	SVS Securities Limited	Joint Broker
Jon Belliss	[phone]	Novum Securities Ltd	Joint Broker
Andrew Thomson	[phone]	RFC Ambrian Limited	NOMAD on AIM
Isabel de Salis / Priit Piip	[phone]	St Brides Partners Ltd	Investor and Media Relations Adviser

Notes to editors

Kibo Energy PLC is a multi-asset, Africa focussed, energy company positioned to address the acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end, it is the Company's objective to become a leading independent power producer in the region.

Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project ('MCPP') in Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in Botswana; and the Benga Independent Power Project ('BIPP') in Mozambique.  By developing these projects in parallel, the Company intends to leverage considerable economies of scale and timing in respect of strategic partnerships, procurement, equipment, human capital, execution capability / capacity and project finance.  Additionally, the Company will benefit from its robust and experienced international blue-chip partnership network across its project portfolio, which includes:  SEPCO III (China), General Electric (USA); Tractebel Engineering (Belgium); Minxcon Consulting (South Africa); ABSA / Barclays Africa); and Hogan Lovells International LLP.

Johannesburg

3 August 2018

Corporate and Designated Adviser

River Group

 

END

 

 

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