TR-1: Standard form for notification of major holdings
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”)
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Dated: 04 September 2020
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)
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are Kibo Energy PLC
attached:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
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): conversion of loan note into equity X
3. Details of person subject to the notification obligation
Name SPREADEX LTD
City and country of registered office (if applicable) St Albans, UK
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 or
03/09/2020
reached:
6. Date on which issuer notified (DD/MM/YYYY): 03/09/2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights Total number of
through financial Total of both in %
attached to shares voting rights of
instruments (8.A + 8.B)
(total of 8. A) issuer
(total of 8.B 1 + 8.B 2)
Resulting situation
7.51% 0.00% 7.51% 1,392,802,477
on the date on which
threshold was
crossed or reached
Position of previous
notification (if 6.26% 0.31% 6.57%
applicable)
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 of shares Number of voting rights % of voting rights
ISIN code (if possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)
IE00B97C0C31 104,595,960 7.51%
SUBTOTAL 8. A 104,595,960 7.51%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights
Type of financial Expiration Exercise/ that may be acquired if
% of voting rights
instrument date Conversion Period the instrument is
exercised/converted.
CFD/Spread Bet 35,277 0.00%
SUBTOTAL 8. B 1 35,277 0.00%
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Exercise/ Physical or
Type of financial Expiration Number of
Conversion cash % of voting rights
instrument date voting rights
Period settlement
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) issue X
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)
% of voting rights
% of voting rights if it Total of both if it
through financial
equals or is higher equals or is higher
Name instruments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
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 informationxvi
Place of completion UK
Date of completion 03/09/2020
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated
Adviser on JSE
ETX Capital Limited Joint Broker
Philip Adler +44 (0) 20 7392 1494
Bhavesh Patel / Stephen +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
Allen
Charlotte Page / +44 (0) 20 7236 1177 St Brides Partners Ltd Investor and Media Relations
Beth Melluish Adviser
Notes
Kibo Energy PLC is a multi-asset, Africa focused, energy company positioned to address the acute power
deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this
end, it is the Company’s objective to become a leading independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power
Project (‘MCPP’) in Tanzania; 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 UK Reserve Power generation market.
Johannesburg
04 September 2020
Corporate and Designated Adviser
River Group
Date: 04-09-2020 10:35:00
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