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: 23 April 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces
TR-1 Notification of Major Shareholdings
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, announces a TR-1 Notification
by its subsidiary Mast Energy Developments PLC ('MED'), a UK-based
multi-asset owner, developer and operator in the rapidly growing
flexible power market.
The proceeds from the disposal of the MED
shares amounting to approximately £22,250 have been used to reduce the outstanding
balance on the Company's reprofiled bridge loan facility with
RiverFort Global Opportunities PCC Ltd. (refer Kibo RNS
announcements of 11 and 26 April 2023).
Further details can be found in the full MED
announcement, which is available below and at
med.energy:
-------------------------
Dated: 23 April 2024
TR-1: Standard form for notification of major
holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)
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|
1a.
Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached
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Mast
Energy Developments PLC
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1b.
Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if
appropriate)
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|
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2.
Reason for the notification (please
mark the appropriate box or boxes with an "X")
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An acquisition or disposal of voting
rights
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X
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An acquisition or disposal of
financial instruments
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An event changing the breakdown of
voting rights
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Other (please specify)
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3.
Details of person subject to the notification
obligation
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Name
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Kibo Mining (Cyprus)
Limited
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City and country of registered office
(if applicable)
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Limassol Cyprus
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4.
Full name of shareholder(s) (if
different from 3.)
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Name
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City and country of registered office
(if applicable)
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5.
Date on which the threshold was crossed or
reached:
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18/04/24
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6.
Date on which issuer notified
(DD/MM/YYYY):
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23/04/24
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7.
Total positions of person(s) subject to the notification
obligation
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% of
voting rights attached to shares (total of 8. A)
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% of
voting rights through financial instruments (total of 8.B 1 + 8.B
2)
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Total of
both in % (8.A + 8.B)
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Total number of voting rights held in
issuer (8.A + 8.B)
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Resulting situation on the date on
which threshold was crossed or reached
|
31.54%
|
|
31.54%
|
83,211,746
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Position of previous notification (if
applicable)
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33.15%
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33.15%
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
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A:
Voting rights attached to shares
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Class/type of shares
ISIN code (if possible)
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Number of voting rights
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% of
voting rights
|
|
Direct
(DTR5.1)
|
Indirect
(DTR5.2.1)
|
Direct
(DTR5.1)
|
Indirect
(DTR5.2.1)
|
GB00BMBSCV12
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83,211,746
|
|
31.54%
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|
|
|
|
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SUBTOTAL 8. A
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83,211,746
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B 1:
Financial Instruments according to DTR5.3.1R (1)
(a)
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Type
of financial instrument
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Expiration date
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Exercise/ Conversion Period
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Number of voting rights that may be acquired if the instrument
is exercised/converted.
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% of
voting rights
|
|
|
|
|
|
|
|
SUBTOTAL 8. B 1
|
|
|
|
B 2:
Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
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Type
of financial instrument
|
Expiration date
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Exercise/ Conversion Period
|
Physical or cash
Settlement
|
Number of voting rights
|
% of
voting rights
|
|
|
|
|
|
|
|
|
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SUBTOTAL 8.B.2
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|
|
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|
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|
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9.
Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
|
Person subject to the notification
obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or
indirectly an interest in the (underlying) issuer
|
|
Full chain of
controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (please add additional rows as necessary)
xiv
|
X
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Name
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% of voting rights if it
equals or is higher than the notifiable threshold
|
% of voting rights through
financial instruments if it equals or is higher than the notifiable
threshold
|
Total of both if it equals or
is higher than the notifiable threshold
|
Kibo Energy PLC
|
|
|
|
Kibo Mining (Cyprus)
Limited
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31.54%
|
|
31.54%
|
|
|
|
|
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10.
In case of proxy voting, please identify:
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Name of the proxy holder
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The number and % of voting rights
held
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The date until which the voting
rights will be held
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11.
Additional information xvi
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Place of completion
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Limassol, Cyprus
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Date
of completion
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19/04/24
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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
PLC
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CEO
|
Jon Belliss
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+44 (0)20 7399 9425
|
Novum Securities
|
Corporate Broker
|
_________________________
**ENDS**
For further information please visit
www.kibo.energy or
contact:
Louis Coetzee
|
info@kibo.energy
|
Kibo Energy PLC
|
Chief Executive Officer
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James Biddle Roland
Cornish
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+44 207 628 3396
|
Beaumont Cornish Limited
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Nominated Adviser
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Claire Noyce
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+44 20 3764 2341
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Hybridan LLP
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Joint Broker
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Damon Heath
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+44 207 186 9952
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Shard Capital Partners
LLP
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Joint Broker
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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
23 April 2024
Corporate and Designated Adviser
River Group