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Kibo Energy PLC (KIBO)

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Friday 20 May, 2022

Kibo Energy PLC

Settlement of Outstanding Loan and Issue of Shares

RNS Number : 3073M
Kibo Energy PLC
20 May 2022
 

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")

 

20 May 2022

 

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

 

Settlement of Outstanding Loan and Issue of Shares

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company , has today issued 56,118,047 new Kibo Shares of €0.001 each ("the Settlement Shares") at a deemed issue price of £0.0016 per share ("Settlement Share Price") to Sanderson Capital Partners Limited ("Sanderson") in full and final settlement of £89,788.88 of the total remaining outstanding amount owing pursuant to the Forward Payment Facility ("the Facility") signed between Sanderson and the Company in December 2016.

The Settlement Share Price is the closing price of the Company shares on the AIM market of the London Stock Exchange ("AIM") on 21 March 2022.

Total Voting Rights

As the Company is currently suspended, admission to trading on AIM will be delayed until either the Company is readmitted, having published its new admission document, or the suspension has been lifted. Following the issue of the Settlement Shares, the Company will have 3,039,197,458 shares in issue.

Following the issues of the above shares, Sanderson will hold a 12.79% interest in the Company.

**ENDS**

 

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

 

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

 

Louis Coetzee

[email protected]

Kibo Energy PLC

Chief Executive Officer

Andreas Lianos

+357 99 53 1107

River Group

JSE Corporate and Designated Adviser

Claire Noyce

+44 (0) 20 3764 2341

Hybridan LLP

Joint Broker

Damon Heath

+44 207 186 9952

Shard Capital Partners LLP

Joint Broker

Bhavesh Patel / Stephen Allen

+44 20 3440 6800

RFC Ambrian Ltd

NOMAD on AIM

Sewela Makgolane

[email protected]

Lifa Communications

Investor and Media Relations Adviser

 

Johannesburg

20 May 2022

Corporate and Designated Adviser

River Group

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