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Results of Reconvened AGM
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")
28 October 2022
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Results of Reconvened AGM
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company,
announces the results of voting at its reconvened Annual General Meeting (“AGM”) held today.
Proxies were received by shareholders holding 9.51% of the shares in Kibo (3,039,197,458 shares
issued and outstanding).
Due to ongoing technical difficulties relating to the casting of votes, most of Kibo’s largest
shareholders were unable to cast their votes, despite the anticipation that these difficulties would be
resolved in advance of the adjourned meeting. The Company did not wish to further adjourn the
AGM, and therefore the board decided to proceed with the ordinary business of the AGM and
withdraw from consideration the proposed resolutions 4 to 8.
The Company intends to hold an EGM to deal with these other resolutions as soon as is
reasonably possible and is working to assist the relevant shareholders in resolving these
technical issues.
The Company remains committed to ensuring full shareholder representation at its general
meetings.
The proxy voting details for resolutions 1- 3 at the AGM are shown on the table below: -
Resolu- Summary Resolution Votes cast For & Votes cast Votes Withheld
tion # With Discretion Against
Number % Number % Number %
1. To receive, consider and adopt the
accounts for the year ended 31
54.95 126,566,736 43.78 3,669,300 1.27
December 2021and the Directors’ 158,844,540
and Auditor’s Reports thereon.
2. To authorise the Directors to fix the
54.83 43.90 3,669,300 1.27
remuneration of the auditors. 158,494,540 126,916,736
3. To note the resignation of Mr.
158,841,800 54.95 126,566,736 43.78 3,672,040 1.27
Christian Schaffalitzky as Director
Resolutions numbered 4 to 8 on the Notice of AGM were withdrawn
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations
(EU) no. 596/2014 and is announced in accordance with the Company’s obligations under Article
17 of the specified Regulation.
Louis Coetzee, CEO of Kibo, said: “I want to thank Christian Schaffalitzky, who has retired today as
a director and chairman of the Company. On behalf of the Kibo Board I thank him for his dedication
and commitment to Kibo over the last 15 years. His technical knowledge and company management
skills have made a significant contribution to the Company's development during his time as
Chairman. I wish Christian the very best with his retirement plans.
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated Adviser
Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Joint Broker
Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker
Bhavesh Patel /
+44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
Stephen Allen
Zainab Slemang
zainab@lifacommunications.co.za Lifa Communications Investor and Media Relations Consultant
van Rijmenant
Johannesburg
28 October 2022
Corporate and Designated Adviser
River Group
Date: 28-10-2022 02:00:00
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