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: 21 May 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces
Business Update
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, announces a business update by
its subsidiary Mast Energy Developments PLC ('MED'), a UK-based
multi-asset owner, developer and operator in the rapidly growing
flexible power market.
Further details can be found in the full
MED RNS Announcement, which is available below and at
med.energy.
-------------------------
Dated: 23 May 2024
Mast Energy Developments PLC
('MED' or 'the Company')
Capitalisation of Loan
Update
Mast Energy Developments PLC, the
UK-based multi-asset owner, developer and operator in the rapidly
growing flexible power market, is pleased to announce that further
to its RNS announcement of 7 May 2024, the 162,500,000 new MED ordinary shares of 0.1p (the "Subscription
Shares") at a conversion price of 0.20p per share will be allotted
to Mr. Pieter Krügel, a director of the Company (the "Conversion")
tomorrow, 24 May 2024 and admitted to listing on the London Stock
Exchange for which approval has been granted (the
"Admission").
Total Voting
Rights
Following allotment of the
Subscription Shares and Admission, the Company will have
426,354,067 ordinary shares of £0.001 par value in issue, each with
one vote per share (and none of which are held in treasury). The
total number of voting rights in the Company is
therefore 426,354,067. This figure may be used by shareholders in
the Company as the denominator for calculations to determine if
they have a notifiable interest in the share capital of the Company
under the Disclosure Guidance and Transparency
Rules, or if such interest has changed.
For further
information, please
visit www.med.energy.
ENDS
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
|
CEO
|
|
Jon Belliss
|
+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
|
|
James Biddle Roland
Cornish
|
+44 207 628 3396
|
Beaumont Cornish Limited
|
Nominated Adviser
|
|
Claire Noyce
|
+44 20 3764 2341
|
Hybridan LLP
|
Joint Broker
|
|
Damon Heath
|
+44 207 186 9952
|
Shard Capital Partners
LLP
|
Joint Broker
|
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 May 2024
Corporate and Designated Adviser
River Group