Sharenet Sites 
Sharenet Sites
Convertible Instrument Update
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: 08 September 2022
Kibo Energy PLC ('Kibo' or the 'Company')
Convertible Instrument Update
Kibo Energy PLC (AIM: KIBO; AltX: KBO) (‘Kibo’ or the ‘Company’), the renewable energy
focused development company, provides updated disclosure in relation to the announcement made
on 7 January 2022 on the settlement of outstanding fees to directors and management for the period
March 2019 to June 2020.
Taken in aggregate, the Convertible Instrument issued to directors and former directors (who were
on the board of the Company within 12 months preceding the issue of the Convertible Instrument),
is considered to be a related party transaction in accordance with the AIM Rules for Companies.
The director who was not a party to the Convertible Instrument, having consulted with RFC Ambrian
Limited, the Company’s Nominated Adviser, considers that the issue of the Convertible Instrument
is fair and reasonable insofar as the Company’s shareholders are concerned.
The interest of each Director and Former Director in the transaction is noted below:
Director Convertible Instrument Amount
(£)
Christian Schaffalitzky (Chairman) 29,752
Louis Coetzee (Director) 218,904
Noel O’Keefe (Non-Executive Director) 64,716
Andreas Lianos (Non-Executive Director) 38,782
Lukas Maree (Former Non-Executive Director) 76,343
Wenzel Kerremans (Former Non-Executive Director) 14,839
Louis Scheepers (Kibo subsidiary director) 146,506
Pieter Krugel (Kibo subsidiary director) 82,981
All capitalized terms used in the announcement will have the same meaning as the announcement of
7 January 2022 unless otherwise stated.
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations
(EU) no. 596/2014 and is announced in accordance with the Company’s obligations under Article
17 of the specified Regulation.
For further information please visit www.kibo.energy or contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated Adviser
Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Joint Broker
Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker
Bhavesh Patel /
+44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
Stephen Allen
Zainab
zainab@lifacommunicatioins.co.za Investor and Media Relations
Slemang van Lifa Communications Consultant
Rijmenant
Johannesburg
08 September 2022
Corporate and Designated Adviser
River Group
Date: 08-09-2022 04:20:00
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.
