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

Release Date: 30/09/2020 08:00
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”)

Dated: 29 September 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)

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

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify): admission of new shares                                                                        X

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:                 23/09/2020


6. Date on which issuer notified (DD/MM/YYYY):                         29/09/2020

7. Total positions of person(s) subject to the notification obligation
                                 % of voting
                                                  % of voting rights through                        Total number of
                               rights attached                                 Total of both in %
                                                    financial instruments                           voting rights of
                               to shares (total                                   (8.A + 8.B)
                                                   (total of 8.B 1 + 8.B 2)                         issuer
                                   of 8. A)
Resulting situation on the
date on which threshold        5.02%              0.00%                        5.02%                2,154,776,522
was crossed or reached
Position of previous
                               7.51%              0.00%                        7.51%
notification (if 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               108,095,960                                        5.02%



SUBTOTAL 8. A                              108,095,960                                              5.02%


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 exer-
                                                                            cised/converted.
CFD/Spread Bet                                                              35,277                       0.00%



                                           SUBTOTAL 8. B 1                  35,277                       0.00%

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




                                                                SUBTOTAL
                                                                8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applica-
ble 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)                   X
issuer

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
                                                         through financial in-              Total of both if it equals or is
                           equals or is higher
       Name                                              struments if it equals              higher 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 29/09/2020

                                                      **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

Philip Adler            +44 (0) 20 7392 1494       ETX Capital Limited        Joint Broker
      
Bhavesh Patel /         +44 20 3440 6800           RFC Ambrian Limited        NOMAD on AIM
Stephen 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 pri-
      vate UK registered company targeting the development and operation of flexible power plants to service the
      UK Reserve Power generation market.

      Johannesburg
      29 September 2020
      Corporate and Designated Adviser
      River Group

Date: 30-09-2020 08:00:00
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