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KIBO ENERGY PLC - TR-1: Standard form for notification of major holdings

Release Date: 18/08/2020 11:30
Code(s): KBO     PDF:  
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TR-1: Standard form for notification of major holdings

       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”)

                                 Kibo Energy PLC (‘Kibo’ or the ‘Company’)

       Dated: 18 August 2020

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)i


1a. Identity of the issuer or the underlying issuer of
                                                                                    Kibo Energy PLC
existing shares to which voting rights are attached:

1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights                                                                          X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)

3. Details of person subject to the notification obligation
Name                                                                   SPREADEX LTD

City and country of registered office (if applicable)                  St Albans, UK

4. Full name of shareholder(s) (if different from 3.)
Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reached:                 10/08/2020

6. Date on which issuer notified (DD/MM/YYYY):                         17/08/2020

7. Total positions of person(s) subject to the notification obligation
                                                    % of voting rights
                           % of voting rights                                                     Total number of
                                                    through financial        Total of both in %
                          attached to shares                                                      voting rights of
                                                       instruments              (8.A + 8.B)
                             (total of 8. A)                                                      issuer
                                                 (total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which
                         6.26%                  0.31%                       6.57%                 1,323,126,552
threshold was
crossed or reached
Position of previous
notification (if         4.08%                  0.32%                       4.40%
applicable)
 
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
 A: Voting rights attached to shares
 Class/type of shares      Number of voting rights                             % of voting rights
 ISIN code (if possible)
                                   Direct                 Indirect                       Direct                  Indirect
                               (Art 9 of Directive    (Art 10 of Directive          (Art 9 of Directive      (Art 10 of Directive
                            2004/109/EC) (DTR5.1)       2004/109/EC)             2004/109/EC) (DTR5.1)         2004/109/EC)
                                                          (DTR5.2.1)                                             (DTR5.2.1)

 IE00B97C0C31              82,777,778                                          6.26%



 SUBTOTAL 8. A                               82,777,778                                              6.26%


 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
                                                                             Number of voting rights
 Type of financial         Expiration       Exercise/ Conversion             that may be acquired if
                                                                                                          % of voting rights
 instrument                date             Period                           the instrument is
                                                                             exercised/converted.
 CFD/Spread Bet                                                              4,090,833                    0.31%



                                            SUBTOTAL 8. B 1                  4,090,833                    0.31%

 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
 2004/109/EC (DTR5.3.1.1 (b))
                                            Exercise/            Physical or
 Type of financial    Expiration                                                         Number of
                                            Conversion           cash                                     % of voting rights
 instrument           date                                                               voting rights
                                            Period               settlement


                                                                 SUBTOTAL
                                                                 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer                        X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are
effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows
as necessary)
                                                                    % of voting rights
                                % of voting rights if it                                              Total of both if it
                                                                    through financial
                                 equals or is higher                                                 equals or is higher
          Name                                                   instruments if it equals
                                 than the notifiable                                                 than the notifiable
                                                                   or is higher than the
                                      threshold                                                          threshold
                                                                   notifiable threshold




10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information



Place of completion      UK

Date of completion       17/08/2020

                                                     **ENDS**

     For further information please visit www.kibo.energy or contact:

     Louis Coetzee            info@kibo.energy          Kibo Energy PLC            Chief Executive Officer
     
     Andreas Lianos           +27 (0) 83 4408365        River Group                Corporate and Designated
                                                                                   Adviser on JSE
                                                        ETX Capital Limited        Joint Broker
     Philip Adler             +44 (0) 20 7392 1494

     Bhavesh Patel / Stephen +44 20 3440 6800           RFC Ambrian Limited        NOMAD on AIM
     Allen
     
     Charlotte Page /         +44 (0) 20 7236 1177      St Brides Partners Ltd     Investor and Media Relations
     Beth Melluish                                                                 Adviser


     Notes
     Kibo Energy PLC is a multi-asset, Africa focused, energy company positioned to address the acute power
     deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this
     end, it is the Company’s objective to become a leading independent power producer in the region.


     Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power
     Project (‘MCPP’) in Tanzania; the Mabesekwa Coal Independent Power Project (‘MCIPP’) in Botswana;
     and the Benga Independent Power Project (‘BIPP’) in Mozambique. By developing these projects in
     parallel, the Company intends to leverage considerable economies of scale and timing in respect of strategic
     partnerships, procurement, equipment, human capital, execution capability / capacity and project finance.


     Additionally, the Company has a 60% interest in MAST Energy Developments Limited (‘MED’), a
     private UK registered company targeting the development and operation of flexible power plants to service
     the UK Reserve Power generation market.

     Johannesburg
     18 August 2020
     Corporate and Designated Adviser
     River Group

Date: 18-08-2020 11:30:00
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