Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code:
635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')
Dated: 25 June 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Update regarding publication
of the Company's Accounts & Admission of the Placing
Shares
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, announces that
whilst the audit preparation for the Financial Statements to 31
December 2023 ("Accounts") has been ongoing, the Accounts are
unlikely to be published by 30 June 2024 as required by the AIM
Rules. The Company is working diligently to have the Accounts ready
for publication at the end of July to early August and will update
the market should there be any change to this date.
Accordingly, and pursuant to AIM
Rule 19, the Exchange will suspend trading in the Company's shares
with effect from 07h30 on 1 July 2024.
The Company also announces that in
relation to the Placing announced on 20 June 2024, admission of the
3,400,000,000 Placing Shares will now happen in two tranches: the
first tranche of 2,400,000,000 Ordinary Shares will be admitted to
trading on AIM on 27 June 2024 as originally announced whilst the
second tranche, being 1,000,000,000 Ordinary Shares, will be
admitted at the time trading in the Company's Ordinary Shares on
AIM resumes as referenced above.
Total Voting Rights:
Following Admission of the first
tranche of Placing Shares, the Company's total issued share capital
will consist of 6,760,947,764 Ordinary Shares of EUR0.0001 each.
This figure may then be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company pursuant to the
FCA's Disclosure Guidance and Transparency Rules.
**ENDS**
For further information please visit
www.kibo.energy or
contact:
|
Louis Coetzee
|
info@kibo.energy
|
Kibo Energy PLC
|
Chief Executive Officer
|
|
James Biddle Roland
Cornish
|
+44 207 628 3396
|
Beaumont Cornish Limited
|
Nominated Adviser
|
|
Claire Noyce
|
+44 20 3764 2341
|
Hybridan LLP
|
Joint Broker
|
|
James Sheehan
|
+44 20 7048
9400
|
Global Investment Strategy UK
Limited
|
Joint Broker
|
Beaumont Cornish Limited ('Beaumont Cornish') is the Company's
Nominated Adviser and is authorised and regulated by the FCA.
Beaumont Cornish's responsibilities as the Company's Nominated
Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM
Rules for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.
Johannesburg
25 June 2024
Corporate and Designated Adviser
River Group