Wrap Text
Results of EGM
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”)
24 August 2020
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
Results of EGM
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company,
announces the results of voting at an Extraordinary General Meeting (“EGM”) held today. Proxies
were received by shareholders holding 31.77% of the shares in Kibo (1,323,126,552
shares issued and outstanding). All Resolutions were carried by approximately 95% of
proxy votes cast.
The proxy voting details at the EGM are shown on the table below: -
Resolu Summary Resolution Votes For & Votes Votes
tion # Discretion Against Withheld
Number % Number % Number %
1. To increase authorised share capital of
399,078,081 94.93 21,289,659 5.06 40,687 0.01
the Company
2. To amend the share capital clause of
the Memorandum of Association
399,078,081 94.93 21,289,659 5.06 40,687 0.01
following the increase in authorised
share capital
3. To amend the share capital clause of
the Articles of Association following
399,078,081 94.93 21,289,659 5.06 40,687 0.01
the increase in authorised share
capital.
**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 Broker
Philip Adler +44 (0) 20 7392 1494
Bhavesh Patel/Stephen +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
Allen
Charlotte Page/Beth +44 (0) 20 7236 1177 St Brides Partners Ltd Investor and Media Relations
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
24 August 2020
Corporate and Designated Adviser
River Group
Date: 24-08-2020 11:35:00
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