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KIBO ENERGY PLC - TR-1: Standard form for notification of major holdings

Release Date: 23/07/2024 08:00
Code(s): KBO     PDF:  
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TR-1: Standard form for notification of major holdings

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: 23 July 2024
                                     Kibo Energy PLC ('Kibo' or the 'Company')

TR-1: Standard form for notification of major holdings

  NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer in Microsoft Word format if possible)

  1a. Identity of the issuer or the underlying issuer of
                                                                                  Kibo Energy PLC
  existing shares to which voting rights are 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                                                          X
  Other (please specify):
  3. Details of person subject to the notification obligation
  Name                                                                RiverFort Global Opportunities PCC Ltd
  City and country of registered office (if applicable)
  4. Full name of shareholder(s) (if different from 3.)
  Name                                                                ABN AMRO Bank N.V.
  City and country of registered office (if applicable)
  5. Date on which the threshold was crossed or reached: 27th June 2024
  6. Date on which issuer notified (DD/MM/YYYY):                      22nd July 2024
  7. Total positions of person(s) subject to the notification obligation
                          % of voting rights % of voting rights through
                                                                               Total of both in Total number of voting
                         attached to shares         financial instruments
                                                                                % (8.A + 8.B) rights of issuer
                            (total of 8. A)        (total of 8.B 1 + 8.B 2)
  Resulting situation
  on the date on
  which threshold        7.77%                                                 7.77%            6,146,662,050
  was crossed or
  reached
  Position of previous
  notification (if       11.68%                                                11.68%
  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     Number of voting rights                            % of voting rights
 shares
 ISIN code (if              Direct              Indirect                       Direct                 Indirect
 possible)            (Art 9 of Directive (Art 10 of Directive           (Art 9 of Directive         (Art 10 of
                        2004/109/EC)        2004/109/EC)              2004/109/EC) (DTR5.1)          Directive
 IE00B97C0C31
                           (DTR5.1)           (DTR5.2.1)                                           2004/109/EC)
                                                                                                    (DTR5.2.1)
 Ordinary Shares       477,750,000                                    7.77%
SUBTOTAL 8.                                                                                          7.77%
                                       477,750,000
A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of                        Exercise/             Number of voting rights that may
                  Expiration                                                            % of voting
financial                      Conversion            be acquired if the instrument is
                  date                                                                  rights
instrument                     Period                exercised/converted.

                                      SUBTOTAL 8. B 1

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                        Exercise/
                  Expiration                      Physical or cash    Number of          % of voting
financial                      Conversion
                  date                            settlement          voting rights      rights
instrument                     Period

                                                              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              X
(underlying) 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 if it       % of voting rights through financial Total of both if it equals
 Name       equals or is higher than        instruments if it equals or is higher        or is higher than the
            the notifiable threshold            than the notifiable 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
The Ordinary Shares are held by ABN AMRO Bank N.V. in CREST for the benefit of RiverFort Global
Opportunities PCC Ltd.

 Place of completion        London, United Kingdom
 Date of completion         22nd July 2024
                                                     
                                        **ENDS**

     For further information please visit www.kibo.energy or contact:
      Cobus van der Merwe               info@kibo.energy     Kibo Energy PLC                           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
      James Sheehan                     +44 20 7048 9400     Global Investment Strategy UK Limited     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 July 2024
Corporate and Designated Adviser
River Group

Date: 23-07-2024 08:00:00
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