Kibo Energy PLC Kibo Subsidiary Issue of Shares (2340A)
22 Mayo 2023 - 9:00AM
UK Regulatory
TIDMKIBO
RNS Number : 2340A
Kibo Energy PLC
22 May 2023
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: 22 May 2023
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Issue of Shares
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the
renewable-energy-focused development company, announces its
subsidiary Mast Energy Developments PLC ('MED'), a UK-based
multi-asset operator in the rapidly growing flexible power market,
has today allotted 11,666,890 new MED shares of GBP0.001 each (the
'Conversion Shares'). This follows the receipt of conversion notes
from the institutional lender group under the terms of MED's recent
reprofiling agreement on the balance of its outstanding loan
facilities as announced in an MED RNS dated 17 May 2023.
Application for the conversion shares will be admitted to the
Standard List of the Official List and for trading on the main
market of the London Stock Exchange ('LSE'). The expected Admission
will become effective and dealings in the fee shares will commence
at 08h00 on or around 26 May 2023.
Following Admission, the shareholding of Kibo Mining (Cyprus)
Limited as MED's largest shareholder will reduce from 57.86% to
54.91%.
The full announcement can be viewed at med.energy. The full text
of the MED RNS release follows:
________________________________________________________________________________
Dated: 22 May 2023
Mast Energy Developments PLC ('MED' or 'the Company')
Shares issue
Mast Energy Developments PLC, the UK-based multi-asset owner,
developer, and operator in the rapidly growing flexible power
market has today allotted 11,666,890 new MED shares of GBP0.001
each (the "Conversion Shares") following receipt of conversion
notices from the institutional lender group under the terms of the
recent reprofiling agreement (the "Reprofiling Agreement") on the
balance of its outstanding loan facilities announced on its RNS of
17 May 2023.
The shares are being issued in respect of GBP34,662.125 in
accrued interest and GBP50,000 in principal payment (total of
GBP84,663.125) at an exercise price of GBP0.0072567 per Conversion
Share in accordance with the terms of the Reprofiling
Agreement.
Application will be made for the Conversion Shares to be
admitted to the Standard List segment of the Official List and to
trading on the main market of the London Stock Exchange plc
("Admission"). It is expected that Admission will become effective
and dealings in the Fee Shares will commence at 8.00am on, or
around, 26 May 2023.
Following Admission, the total issued share capital of the
Company will consist of 229,119,619 ordinary shares in issue and
this figure may be used by shareholders as the denominator for the
calculations to determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules. The
shareholding of MED's largest shareholder, Kibo Mining (Cyprus)
Limited will reduce from 57.86% to 54.91% following Admission.
ENDS
This announcement contains inside information for the purposes
of the UK version of the Market Abuse Regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information please visit www.med.energy or
contact:
Pieter Krügel Info@med.energy Mast Energy Developments CEO
PLC
Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate Broker
------------------------------ ------------------------- -------------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor & Media
van Rijmenant Relations Advisor
------------------------------ ------------------------- -------------------
**ENDS**
This announcement contains inside information for the purposes
of the UK version of the Market Abuse Regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive
Officer
James Biddle +44 207 628 3396 Beaumont Cornish Nominated Adviser
Roland Cormish Limited
------------------------------ ----------------------- ----------------------
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
------------------------------ ----------------------- ----------------------
Damon Heath +44 207 186 9952 Shard Capital Partners Joint Broker
LLP
------------------------------ ----------------------- ----------------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media
van Rijmenant Relations Consultant
------------------------------ ----------------------- ----------------------
Johannesburg
22 May 2023
Corporate and Designated Adviser
River Group
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END
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