Kibo Energy PLC Settlement of Outstanding Loan and Issue of Shares (3073M)
20 Mayo 2022 - 9:00AM
UK Regulatory
TIDMKIBO
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 EUR0.001 each ("the Settlement Shares") at a deemed issue
price of GBP0.0016 per share ("Settlement Share Price") to
Sanderson Capital Partners Limited ("Sanderson") in full and final
settlement of GBP89,788.88 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 info@kibo.energy 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 Joint Broker
LLP
----------------------------- ---------------------- ----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
/ Stephen
Allen
----------------------------- ---------------------- ----------------------------
Sewela Makgolane sewela@lifacommunications.com Lifa Communications Investor and Media Relations
Adviser
----------------------------- ---------------------- ----------------------------
Johannesburg
20 May 2022
Corporate and Designated Adviser
River Group
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END
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(END) Dow Jones Newswires
May 20, 2022 10:00 ET (14:00 GMT)
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