Wrap Text
Notifiable Holding Change
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: IE00B97C031
(“Kibo” or “the Company”)
Dated: 01 March 2017
Notifiable Holding Change
Kibo Mining plc (the “Company”) announces that it has today received formal notice
from Sanderson Capital Partners Ltd (“Sanderson”) that it and related parties currently
hold 10 977 994 shares in the Company, representing 3.02% of Kibo’s issued share
capital as per the Form RT-1 declaration below.
For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are KIBO MINING PLC ORD EUR0.015
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying
financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the SANDERSON CAPITAL PARTNERS LTD and RELATED
notification obligation: iii PARTIES
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 24 FEBRUARY 2017
reached: v
6. Date on which issuer notified: 27 FEBRUARY 2017
7. Threshold(s) that is/are crossed or
3%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible using Number Number Number Number of voting % of voting rights x
the ISIN CODE of of of shares rights
Shares Voting Indirect
Rights Direct Direct xi xii Direct Indirect
IE00B97C0C31
10,650,194 10,650,194 10,977,994 10,977,994 3.02%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights xix,
instrument price date xvii Conversion instrument refers to x
period xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
10,977,994 3.02%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: Sanjeev Verma
15. Contact telephone number: 0207 382 8434
Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification obligation
Full name
(including legal form of legal entities)
Contact address
(registered office for legal entities)
Phone number & email
Other useful information
(at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information
(e.g. functional relationship with the person or legal
entity subject to the notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.
Contacts
Louis Coetzee +27 (0) 83 2606126 Kibo Mining plc Chief Executive Officer
Andreas +27 (0) 83 4408365 River Group Corporate Adviser and
Lianos Designated Adviser on
JSE
Jon Belliss +44 (0) 207 382 Beaufort Securities Broker
8300 Limited
Oliver Morse +61 8 9480 2500 RFC Ambrian Nominated Adviser
Limited on AIM
Liz Morley / +44 (0) 203 772 Bell Pottinger Investor and Media
Anna Legge 2500 Relations
Kibo Mining - Notes to editors
Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. The
Company is focused on exploration and development of mineral projects in Tanzania,
and controls one of Tanzania's largest mineral right portfolios. Tanzania provides a
secure and stable operating environment for the mineral resource industry and Kibo
Mining therein.
Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant NI 43-101
compliant defined resource, and is developing a 250-350 MW mouth-of-mine thermal
power station, the Mbeya Coal to Power Project (“MCPP”), previously called Rukwa
Coal to Power Project (“RCPP”), with an established management team that includes
ABSA / Barclays as Financial Advisor. Kibo has completed a Coal Mining Definitive
Feasibility Study and a Power Pre- Feasibility Study for the Mbeya project and has
recently announced the completion of an integrated Bankable Feasibility Study report
for the project. On 25 August 2016, Kibo signed an Agreement with China based EPC
contractor SEPCO III granting it the right to become the sole bidder for the EPC contract
to build the power plant component of the MCPP in exchange for SEPCO III refunding
50% of the development costs incurred by Kibo to date on the project. Kibo has already
received the first tranche of this funding in the amount of US$1.8 million on the 5th
September 2016
The Company also has extensive gold focused interests including Lake Victoria
Goldfields and Morogoro projects. At Lake Victoria, the Company has 100% owned
projects with a 550,000 oz. JORC compliant gold Mineral Resource at the Imweru
Project and a 168,000 oz. NI 43-101 compliant gold Mineral Resource at the Lubando
Project. The Company is currently undertaking a Definitive Feasibility Study on its
Imweru Project.
Kibo also holds the Haneti Project on which the latest technical report confirms
prospectivity for nickel, PGMs, gold and strategic metals including lithium.
Kibo Mining further holds the Pinewood (coal & uranium) project where the company
has entered into a 50/50 Exploration Joint Venture with Metal Tiger plc.
Finally, the Company also holds the Morogoro (gold) project where the company has
also entered into a 50/50 Exploration Joint Venture with Metal Tiger plc.
The Company's projects are located 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 prioritized infrastructural development
attracting significant recent investment in coal and uranium. The Company has a
positive working relationship with the Tanzanian government at local, regional and
national levels and works hard to maintain positive relationships with all communities
where company interests are held. The Company recognizes the potential to enhance
the quality of life and opportunity for Tanzanian citizens through careful development
of its projects.
Updates on the Company's activities are regularly posted on its website
www.kibomining.com
Johannesburg
1 March 2017
Corporate and Designated Adviser
River Group
Date: 01/03/2017 03:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
