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Results of EGM and Reduction in Par Value of Ordinary Shares
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�)
2 June 2023
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Results of EGM and Reduction in Par Value of Ordinary Shares
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company,
announces the results of voting at an Extraordinary General Meeting ("EGM"held today. Proxies
were received by shareholders holding 32.46% of the shares in Kibo (3,779,866,683 ordinary shares
issued and outstanding).
The proxy voting results at the EGM are shown in the table below: -
Resolu- Summary Resolution Votes For & Votes Votes
tion # Discretion Against Withheld
Number % Number % Number %
1. That the Directors be and are
hereby generally and
unconditionally authorised to 789,666,417 64.84 427,759,127 35.12 9,014,191 0.73
exercise all powers of the
Company to allot relevant
securities.
2. That the Directors be and are
hereby empowered pursuant
to Section 1023(3) of the 789,666,417 64.84 427,759,127 35.12 9,014,191 0.73
Companies Act, 2014 to allot
equity securities.
3. To subdivide the share capital 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
of the Company
4. To amend the share capital
clause of the Memorandum of 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
Association
Resolu- Summary Resolution Votes For & Votes Votes
tion # Discretion Against Withheld
Number % Number % Number %
5. To amend the share capital
clause of the Articles of 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
Association
6. To increase the authorised 789,666,417 64.84 427,759,127 35.12 9,014,191 0.73
share capital of the Company
7. To amend the share capital
clause of the Memorandum of 789,642,742 64.84 427,759,127 35.12 9,037,866 0.74
Association
8. To amend the share capital
clause of the Articles of 789,640,742 64.84 427,768,138 35.12 9,028,625 0.74
Association
The Ordinary Resolutions 1, 3 and 6 were carried as their vote exceeded the required threshold of
50% of proxies cast, voting in favour. The Special Resolutions, 2, 4, 5,7 and 8 were not carried as
they did not reach the minimum threshold of 75% of proxies cast, voting in favour.
Following the approval of Ordinary Resolutions 1, 3, & 6 the nominal value of the Company’s
ordinary shares has been reduced from €0.001 per share to €0.0001 per share. Trading in the newly
denominated shares will take effect from the opening of markets on the 6 June 2023 with no change
in the ISIN or SEDOL numbers. Replacement share certificates showing the new nominal value of the
shares will be posted to those shareholders already holding Kibo shares in certificated form by no later
than the 12 June 2023. South African shareholders who hold Kibo shares in certificated form and
whose share are listed on the JSE should complete the Form of Surrender and Transfer that they have
received with the Company’s Notice of Extraordinary General Meeting and return it with their existing
share certificates and/or other documents of title to the Company’s South African Registrar, Link
Market Services (Proprietary) South Africa in order to receive replacement share certificates/other
documents of title.
**ENDS**
For further information please visit www.kibo.energy or contact:
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
James Biddle +44 207 628 3396 Beaumont Cornish Limited Nominated Adviser
Roland Cormish
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media
van Rijmenant Relations Consultant
Johannesburg
02 June 2023
Corporate and Designated Adviser
River Group
Date: 02-06-2023 03:30:00
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