KIBO ENERGY PLC - Convertible Instrument Update

Convertible Instrument Update

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: 08 September 2022

                          Kibo Energy PLC ('Kibo' or the 'Company')

                                 Convertible Instrument Update

Kibo Energy PLC (AIM: KIBO; AltX: KBO) (‘Kibo’ or the ‘Company’), the renewable energy
focused development company, provides updated disclosure in relation to the announcement made
on 7 January 2022 on the settlement of outstanding fees to directors and management for the period
March 2019 to June 2020.

Taken in aggregate, the Convertible Instrument issued to directors and former directors (who were
on the board of the Company within 12 months preceding the issue of the Convertible Instrument),
is considered to be a related party transaction in accordance with the AIM Rules for Companies.

The director who was not a party to the Convertible Instrument, having consulted with RFC Ambrian
Limited, the Company’s Nominated Adviser, considers that the issue of the Convertible Instrument
is fair and reasonable insofar as the Company’s shareholders are concerned.

The interest of each Director and Former Director in the transaction is noted below:

 Director                                                       Convertible Instrument Amount
                                                                                            (£)
 Christian Schaffalitzky (Chairman)                                                     29,752
 Louis Coetzee (Director)                                                              218,904
 Noel O’Keefe (Non-Executive Director)                                                  64,716
 Andreas Lianos (Non-Executive Director)                                                38,782
 Lukas Maree (Former Non-Executive Director)                                            76,343
 Wenzel Kerremans (Former Non-Executive Director)                                       14,839
 Louis Scheepers (Kibo subsidiary director)                                            146,506
 Pieter Krugel (Kibo subsidiary director)                                               82,981

All capitalized terms used in the announcement will have the same meaning as the announcement of
7 January 2022 unless otherwise stated.




                                            **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.
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
                  zainab@lifacommunicatioins.co.za                      Investor and Media Relations
Slemang van                                Lifa Communications          Consultant
Rijmenant


Johannesburg
08 September 2022
Corporate and Designated Adviser
River Group

Date: 08-09-2022 04:20:00
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