RNS Number : 5263E

Kibo Energy PLC

28 October 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")

28 October 2022

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

Results of Reconvened AGM

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, announces the results of voting at its reconvened Annual General Meeting ("AGM") held today. Proxies were received by shareholders holding 9.51% of the shares in Kibo (3,039,197,458 shares issued and outstanding).

Due to ongoing technical difficulties relating to the casting of votes, most of Kibo's largest shareholders were unable to cast their votes, despite the anticipation that these difficulties would be resolved in advance of the adjourned meeting. The Company did not wish to further adjourn the AGM, and therefore the board decided to proceed with the ordinary business of the AGM and withdraw from consideration the proposed resolutions 4 to 8.

The Company intends to hold an EGM to deal with these other resolutions as soon as is reasonably possible and is working to assist the relevant shareholders in resolving these technical issues.

The Company remains committed to ensuring full shareholder representation at its general meetings.

The proxy voting details for resolutions 1- 3 at the AGM are shown on the table below: -

 Resolu-tion         Summary Resolution             Votes cast For             Votes cast            Votes Withheld 
      #                                                    &                     Against 
                                                    With Discretion 
                                                    Number         %        Number         %       Number         % 
              --------------------------------  --------------  ------  --------------  ------  ------------  -------- 
               To receive, consider 
                and adopt the accounts 
                for the year ended 31 
                December 2021and the 
                Directors' and Auditor's 
     1.         Reports thereon.                   158,844,540  54.95     126,566,736    43.78    3,669,300      1.27 
              --------------------------------  --------------  ------  --------------  ------  ------------  -------- 
               To authorise the Directors 
                to fix the remuneration 
     2.         of the auditors.                   158,494,540   54.83     126,916,736   43.90    3,669,300      1.27 
------------  --------------------------------  --------------  ------  --------------  ------  ------------  -------- 
               To note the resignation 
                of Mr. Christian Schaffalitzky 
     3.         as Director                       158,841,800    54.95    126,566,736    43.78    3,672,040      1.27 
------------  --------------------------------  --------------  ------  --------------  ------  ------------  -------- 
                            Resolutions numbered 4 to 8 on the Notice of AGM were withdrawn 


This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 and is announced in accordance with the Company's obligations under Article 17 of the specified Regulation.

Louis Coetzee, CEO of Kibo, said: "I want to thank Christian Schaffalitzky, who has retired today as a director and chairman of the Company. On behalf of the Kibo Board I thank him for his dedication and commitment to Kibo over the last 15 years. His technical knowledge and company management skills have made a significant contribution to the Company's development during his time as Chairman. I wish Christian the very best with his retirement plans.

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 
                 --------------------------------  -----------------------  ----------------------------- 
 Claire Noyce     +44 (0) 20 3764 2341              Hybridan LLP             Joint Broker 
                 --------------------------------  -----------------------  ----------------------------- 
 Damon Heath      +44 207 186 9952                  Shard Capital Partners   Joint Broker 
                 --------------------------------  -----------------------  ----------------------------- 
 Bhavesh Patel    +44 20 3440 6800                  RFC Ambrian Ltd          NOMAD on AIM 
  / Stephen 
                 --------------------------------  -----------------------  ----------------------------- 
 Zainab Slemang   zainab@lifacommunications.co.za   Lifa Communications      Investor and Media Relations 
  van Rijmenant                                                               Consultant 
                 --------------------------------  -----------------------  ----------------------------- 


28 October 2022

Corporate and Designated Adviser

River Group

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(END) Dow Jones Newswires

October 28, 2022 08:00 ET (12:00 GMT)

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