Kibo Energy PLC Kibo Subsidiary MAST Announces TR-1 Notification (8121A)
January 24 2024 - 10:45AM
UK Regulatory
TIDMKIBO
RNS Number : 8121A
Kibo Energy PLC
24 January 2024
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: 24 January 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 GBP119,444 have been used for Kibo's ongoing working
capital requirements and to reduce the outstanding balance on the
Company's reprofiled bridge loan facility with RiverFort Global
Opportunities PCC Ltd in order to meet the monthly payments to
reduce potential equity dilution arising from the elected missed
payment rights (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: 24 January 2024
TR-1: S tandard 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)
1a. Identity of the issuer or the underlying Mast Energy Developments
issuer of existing shares to which voting PLC
rights are attached:
---------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please
mark with an "X" if appropriate)
2. Reason for the notification (please mark the appropriate box
or boxes with an "X")
An acquisition or disposal of voting rights X
----------
An acquisition or disposal of financial instruments
----------
An event changing the breakdown of voting rights
----------
Other (please specify):
----------
3. Details of person subject to the notification obligation
Name Kibo Mining (Cyprus) Limited
City and country of registered office (if Limassol Cyprus
applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
---------------------------------
City and country of registered office (if
applicable)
---------------------------------
5. Date on which the threshold was crossed 23/01/24
or reached:
---------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 23/01/24
---------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number of
rights attached through financial in % (8.A voting rights
to shares instruments (total + 8.B) held in issuer
(total of of 8.B 1 + 8.B (8.A + 8.B)
8. A) 2)
----------------- -------------------- ----------------- --------------------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 39.65% 39.65% 104,611,746
----------------- -------------------- ----------------- --------------------------
Position
of previous
notification
(if applicable) 47.08% 47.08%
----------------- -------------------- ----------------- --------------------------
8. Notified details of the resulting situation on the date on
which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type Number of voting rights % of voting rights
of shares
ISIN code (if
possible)
----------------------------------------------------
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
----------------- --------------------------------- ------------ ------------
GB00BMBSCV12 104,611,746 39.65%
----------------- --------------------------------- ------------ ------------
SUBTOTAL 8.
A 104,611,746
---------------------------------------------------- --------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Conversion Number of voting % of voting
instrument date Period rights that may rights
be acquired if
the instrument
is
exercised/converted.
----------- --------------------------- ------------------------ ------------
SUBTOTAL 8.
B 1
--------------------------- ------------------------ ------------
B 2: Financial Instruments with similar economic effect according
to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number % of voting
instrument date Conversion cash of voting rights
Period Settlement rights
----------- ------------------ ------------------- ------------
SUBTOTAL 8.B.2
------------------- ------------
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 X
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)
Name % of voting % of voting Total of both if it equals
rights if rights through or is higher than the notifiable
it equals financial instruments threshold
or is higher if it equals
than the notifiable or is higher
threshold than the notifiable
threshold
--------------------- ------------------------- ------------------------------------
Kibo Energy
PLC
--------------------- ------------------------- ------------------------------------
Kibo Mining
(Cyprus) Limited 39.65% 39.65%
--------------------- ------------------------- ------------------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
-----------------------------------------
The number and % of voting rights
held
-----------------------------------------
The date until which the voting rights
will be held
-----------------------------------------
11. Additional information
Place of completion Limassol, Cyprus
-----------------
Date of completion 23/01/24
-------------------- -----------------
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 &
van Rijmenant Media Relations
Advisor
------------------- ------------------------------ ------------------------- -----------------
**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 Media
van Rijmenant Relations Consultant
------------------------------ -------------------- ------------------------
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
24 January 2024
Corporate and Designated Adviser
River Group
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END
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