Kibo Energy PLC Results of EGM (5378B)
02 Junio 2023 - 08:30AM
UK Regulatory
TIDMKIBO
RNS Number : 5378B
Kibo Energy PLC
02 June 2023
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")
2 June 2023
Kibo Energy PLC ('Kibo' or the 'Company')
Results of EGM and Reduction in Par Value of Ordinary Shares
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy
focused development company, announces the results of voting at an
Extraordinary General Meeting ("EGM") held today. Proxies were
received by shareholders holding 32.46% of the shares in Kibo
(3,779,866,683 ordinary shares issued and outstanding).
The proxy voting results at the EGM are shown in the table
below: -
Resolu- Summary Resolution Votes For & Votes Votes
tion Discretion Against Withheld
#
Number % Number % Number %
---------------------------------- -------------- ------ ------------ ------ ---------- -----
That the Directors be
and are hereby generally
and unconditionally authorised
to exercise all powers
of the Company to allot
1. relevant securities. 789,666,417 64.84 427,759,127 35.12 9,014,191 0.73
---------------------------------- -------------- ------ ------------ ------ ---------- -----
That the Directors be
and are hereby empowered
pursuant to Section 1023(3)
of the Companies Act,
2. 2014 to allot equity securities. 789,666,417 64.84 427,759,127 35.12 9,014,191 0.73
---------------------------------- -------------- ------ ------------ ------ ---------- -----
To subdivide the share
3. capital of the Company 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
---------------------------------- -------------- ------ ------------ ------ ---------- -----
To amend the share capital
clause of the Memorandum
4. of Association 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
---------------------------------- -------------- ------ ------------ ------ ---------- -----
To amend the share capital
clause of the Articles
5. of Association 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
---------------------------------- -------------- ------ ------------ ------ ---------- -----
To increase the authorised
6. share capital of the Company 789,666,417 64.84 427,759,127 35.12 9,014,191 0.73
---------------------------------- -------------- ------ ------------ ------ ---------- -----
To amend the share capital
clause of the Memorandum
7. of Association 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
---------------------------------- -------------- ------ ------------ ------ ---------- -----
To amend the share capital
clause of the Articles
8. of Association 789,640,742 64.84 427,768,138 35.12 9,028,625 0.74
---------------------------------- -------------- ------ ------------ ------ ---------- -----
The Ordinary Resolutions 1, 3 and 6 were carried as their vote
exceeded the required threshold of 50% of proxies cast, voting in
favour. The Special Resolutions, 2, 4, 5,7 and 8 were not carried
as they did not reach the minimum threshold of 75% of proxies cast,
voting in favour.
Following the approval of Ordinary Resolutions 1, 3, & 6 the
nominal value of the Company's ordinary shares has been reduced
from EUR0.001 per share to EUR0.0001 per share. Trading in the
newly denominated shares will take effect from the opening of
markets on the 6 June 2023 with no change in the ISIN or SEDOL
numbers. Replacement share certificates showing the new nominal
value of the shares will be posted to those shareholders already
holding Kibo shares in certificated form by no later than the 12
June 2023. South African shareholders who hold Kibo shares in
certificated form and whose share are listed on the JSE should
complete the Form of Surrender and Transfer that they have received
with the Company's Notice of Extraordinary General Meeting and
return it with their existing share certificates and/or other
documents of title to the Company's South African Registrar, Link
Market Services (Proprietary) South Africa in order to receive
replacement share certificates/other documents of title.
**ENDS**
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 Cornish Limited
------------------------------ -------------------- ------------------
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
------------------------------ -------------------- ------------------
Damon Heath +44 207 186 9952 Shard Capital Joint Broker
Partners LLP
------------------------------ -------------------- ------------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and
van Rijmenant Media Relations
Consultant
------------------------------ -------------------- ------------------
Johannesburg
2 June 2023
Corporate and Designated Adviser
River Group
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END
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