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

Release Date: 25/01/2021 14:05
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)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(“Kibo” or “the Company”)
 
Dated: 25 January 2021

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):

3. Details of person subject to the notification obligation
Name                                                          Yakoub Yakoubov
City and country of registered office (if 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 or reached
                                                              25 January 2021

6. Date on which issuer notified (DD/MM/YYYY):                25 January 2021

7. Total positions of person(s) subject to the notification obligation
                                                     % of voting rights
                           % of voting rights                                                    Total number of
                                                   through financial in-    Total of both in %
                          attached to shares                                                     voting rights of
                                                  struments (total of 8.B      (8.A + 8.B)
                             (total of 8. A)                                                     issuer
                                                        1 + 8.B 2)
Resulting situation
on the date on which
threshold was
                               4.05%                       0%                    4.05%           2,221,640,835
crossed or reached
Position of previous
notification (if               3.06%                       0%                    3.06%
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)
 ORDINARY
 SHARES OF EUR
 0.015                          90,033,333                      0                       4.05%                        0%
 ISIN:
 IE00B97C0C31

 SUBTOTAL 8. A                                90,033,333                                              4.05%



 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
                                                                              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))
                                                                    Physical or
 Type of financial     Expiration            Exercise/ Con-                             Number of
                                                                    cash                                    % of voting rights
 instrument            date                  version Period                             voting rights
                                                                    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) 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                                               Total of both if it
                                                                    through financial in-
                                  equals or is higher                                                  equals or is higher
           Name                                                     struments 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          London, UK

Date of completion           25 January 2021

                                                           **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              JSE Corporate and Designated Adviser

  Claire Noyce                      +44 (0) 20 3764 2341   Hybridan LLP             Broker

  Bhavesh Patel / Stephen Allen     +44 20 3440 6800       RFC Ambrian Limited      NOMAD on AIM

  Isabel de Salis / Beth Melluish   +44 (0) 20 7236 1177   St Brides Partners Ltd   Investor and Media Relations Adviser


      Notes
      Kibo Energy PLC is a multi-asset, Africa and UK 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 paral-
      lel, 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 Projects 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
25 January 2021
Corporate and Designated Adviser
River Group

Date: 25-01-2021 02:05:00
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