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

Release Date: 09/10/2020 10:20
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: 09 October 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
                                                                                    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
                                                              30/09/2020
 reached:

6. Date on which issuer notified (DD/MM/YYYY):               08/10/2020

7. Total positions of person(s) subject to the notification obligation
                                                     % of voting rights
                             % of voting rights                                                   Total number of
                                                   through financial in-     Total of both in %
                            attached to shares                                                    voting rights of
                                                  struments (total of 8.B       (8.A + 8.B)
                               (total of 8. A)                                                    issuer
                                                        1 + 8.B 2)
 Resulting situation
 on the date on which
                           6.18%                  0.00%                     6.18%                 2,154,776,522
 threshold was
 crossed or reached
 Position of previous
 notification (if          5.02%                  0.00%                     5.02%
 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              Number of voting rights                             % of voting rights
 shares
 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               133,266,055                                         6.18%



 SUBTOTAL 8. A                               133,266,055                                              6.18%


 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                                                               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))
                                             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 in-
                                  equals or is higher                                                  equals or is higher
           Name                                                    struments 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        08/10/2020

                                                      **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 / 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
09 October 2020
Corporate and Designated Adviser
River Group

Date: 09-10-2020 10:20:00
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