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”)
Dated: 29 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
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify): admission of new shares 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 reached: 23/09/2020
6. Date on which issuer notified (DD/MM/YYYY): 29/09/2020
7. Total positions of person(s) subject to the notification obligation
% of voting
% of voting rights through Total number of
rights attached Total of both in %
financial instruments voting rights of
to shares (total (8.A + 8.B)
(total of 8.B 1 + 8.B 2) issuer
of 8. A)
Resulting situation on the
date on which threshold 5.02% 0.00% 5.02% 2,154,776,522
was crossed or reached
Position of previous
7.51% 0.00% 7.51%
notification (if 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 108,095,960 5.02%
SUBTOTAL 8. A 108,095,960 5.02%
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/ Conversion that may be acquired if
% of voting rights
instrument date Period the instrument is exer-
cised/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))
Type of financial Expiration Exercise/ Con- Physical or Number of
% of voting rights
instrument date version Period cash settlement voting rights
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the applica-
ble 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) X
issuer
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
through financial in- Total of both if it equals or is
equals or is higher
Name struments if it equals higher 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 information
Place of completion UK
Date of completion 29/09/2020
**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
Philip Adler +44 (0) 20 7392 1494 ETX Capital Limited Joint Broker
Bhavesh Patel / +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
Stephen 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 pri-
vate UK registered company targeting the development and operation of flexible power plants to service the
UK Reserve Power generation market.
Johannesburg
29 September 2020
Corporate and Designated Adviser
River Group
Date: 30-09-2020 08:00:00
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