| Wed 25 Sep 2019, 7:15 | | KIBO ENERGY PLC - KBO : Results of AGM and Reduction in Par Value of Ordinary Shares |
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KBO : Results of AGM and Reduction in Par Value of Ordinary Shares:
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")
24 September 2019
Kibo Energy PLC ( Kibo' or the Company')
Results of AGM and Reduction in Par Value of Ordinary Shares
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, is
pleased to announce that all resolutions were duly passed at its Annual General Meeting ("AGM")
held today. The AGM was attended in person and by proxy by shareholders holding
approximately 27% of the shares in Kibo (805,053,798 shares issued and outstanding).
Following the passing of Resolutions 7 - 12 (see Table below), the nominal value of the Company's
ordinary shares in issue has been reduced from E0.015 per share to E0.001 per share. Trading in the
newly denominated shares will take effect from opening of markets on the 25 September 2019 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 8 October 2019. 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 Annual 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.
Page 1 of 3
The proxy voting details at the AGM are shown on the table below:-
Resolu- Summary Resolution Votes For the Mabesekwa Coal Independent Power Project ( MCIPP') in Botswana;
and the Benga Independent Power Project ( BIPP') in Mozambique. By developing these projects in
parallel, the Company intends to leverage considerable economies of scale and timing in respect of
strategic partnerships, procurement, equipment, human capital, execution capability / capacity and
project finance.
Additionally, the Company has a 60% interest in MAST Energy Developments Limited ( MED'), a
private UK registered company targeting the development and operation of flexible power plants to
service the Reserve Power generation market.
Johannesburg
24 September 2019
Corporate and Designated Adviser
River Group
Page 3 of 3
Date: 25/09/2019 07:15:00
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