Wrap Text
Results of Annual General Meeting and Completion of Placing announced on 14 July 2014
Kibo Mining 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:IE00B61XQX41
(“Kibo” or “the Company”)
31 July 2014
Results of Annual General Meeting and Completion of Placing announced on 14 July
2014
Shareholders are advised that the Annual General Meeting of Kibo Mining plc (“Kibo”) held
yesterday was attended in person and by proxy by shareholders holding approximately 21%
of the shares in Kibo.
All the resolutions proposed were approved and they will be registered with the Companies
Registration Office (Ireland).
The Company has also delivered the balance of shares to placees from its share placing
announced on the 14th July 2014 (the “Placing”) by the allotment of 7,285,714 shares of
which 5,714,285 shares have been taken up by Kibo directors (“the Directors”) on the same
terms as other investors. The Directors’ shareholding in the Company before and after the
Placing is shown on the table below:
Before Placing Placement Current Interests
Interests Shares
Director Shares Options Shares taken Shares held % Options
held held up in interest held
Placement
Christian 1,715,910 100,000 81,179 *1,797,089 0,87 100,000
Schaffalitzky
Louis 5,599,903 100,000 1,533,381 **7,133,284 3,47 100,000
Coetzee
Noel 714,865 100,000 978,286 ***1,693 151 0,82 100,000
O’Keeffe
Andreas 3,000,000 100,000 1,876,695 ****4,876 695 2,37 100,000
Lianos
Tinus Maree 2,590,268 100,000 81,179 *****2,671 447 1,30 100,000
Wenzel 32,309 100,000 81,179 113,488 0,06 100,000
Kerremans
Management nil nil 1,082,386 1,082,386 0,53
Louis
Scheepers
Total 13,653,255 600,000 5,714,285 19,367,540 9,42% 600,000
* 627,000 shares of total held in family trust Crosslane Limited
** 1,464,620 shares of total held in Boulder Mining Limited, 2,155,711 shares in Tsitato
Trading Limited and 3,512,953 held in Huntress Nominees Limited
*** 699,300 shares of total held in Davy Crest Nominees and 15,565 shares held by spouse
Suzanne O’Keeffe
**** All shares held in Huntress Nominees Limited
***** All shares held in Huntress Nominees Limited
Application will be made for these 7,285,714 shares to be admitted to trading on AIM and
the JSE AltX markets and trading is expected to begin on or about 6th August 2014.
Following Admission, the Company will have 205,440,405 shares in issue.
Contacts
Louis Coetzee +27 (0) 83 2606126 Kibo Mining plc Chief Executive
Officer
Andreas Lianos +27 (0) 83 4408365 Kibo Mining plc Corporate Adviser and
& River Group Designated Adviser
Jon Belliss + 44 (0) 20 3216 2630 Hume Capital Broker
(Previously
XCAP)
Oliver Morse +61 8 94802500 RFC Ambrian Nominated Adviser on
Trinity McIntyre Limited AIM
Daniel Thöle +44 (0) 207 8611606 Bell Pottinger Investor and Media
Lydia Eades +44 (0) 207 8613126 Relations
Kibo Mining - Notes to editors
Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania. The
Company was admitted to AIM in London on 27 April 2010 and the AltX in Johannesburg on
30 May 2011. The Company is developing the Rukwa mouth-of-mine thermal power station
and controls one of Tanzania’s largest mineral right portfolios, including the Haneti (nickel,
PGE and gold), Morogoro (gold), Lake Victoria (gold), and Pinewood (coal & uranium)
projects.
Its projects are located both in the established and gold prolific Lake Victoria Goldfields, the
emerging goldfields of eastern Tanzania and the Mtwara Corridor in southern Tanzania
where the Government has prioritised infrastructural development attracting significant
recent investment in coal and uranium.
Kibo's objective is to build shareholder value sustainably. This will be achieved primarily
through exploration of its own projects and leveraging the Company's experience in
Tanzania to acquire exploration and development assets on competitive terms. The focus is
on assets that can be moved swiftly up the value curve whilst benefitting from strategic
relationships with industry leaders with special skills and competencies within their chosen
fields.
Updates on the Company’s activities are regularly posted on its website
www.kibomining.com
Johannesburg
31 July 2014
Corporate and Designated Adviser
River Group
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