KIBO ENERGY PLC - MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve Power Projects
MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve Power Projects
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”)
Dated: 20 October 2021
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve
Power Projects
Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy
Developments PLC (“MAST”), today announced that Close Leasing Ltd, a subsidiary of Close Brothers Group
plc (the “Lender”), have offered facilities to MED to fund the development and construction of the Company’s
two owned Reserve Power projects currently in development, Bordesley and Rochdale (the “Projects”).
The facilities are offered subject to the successful completion of due diligence (including legal, technical and
financial) and other relevant regulatory checks and approvals. Final details of the facilities will be confirmed
at financial close.
**ENDS**
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 Adviser
Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Broker
Bhavesh Patel / +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
Stephen Allen
Isabel de Salis / info@stbridespartners.co.uk St Brides Partners Ltd Investor and Media Relations Adviser
Oonagh Reidy
Johannesburg
20 October 2021
Corporate and Designated Adviser
River Group
Date: 20-10-2021 08:05:00
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