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KIBO ENERGY PLC - Update regarding Kibo Warrant Exercise and Total Voting Rights

Release Date: 04/05/2023 09:00
Code(s): KBO     PDF:  
Wrap Text
Update regarding Kibo Warrant Exercise and Total Voting Rights

Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(‘Kibo’ or ‘the Company’)

Dated: 04 May 2023
                           Kibo Energy PLC ('Kibo' or the 'Company')

                             Update regarding Kibo Warrant Exercise
                                              TVR

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
announces that further to its RNS/SENS announcement of 26 April 2023, the Company has requested
that 116,250,000 of the shares it has applied for to be admitted for trading on AIM and the JSE, in its
26 April 2023 announcement, be deferred from being issued and admitted for trading, until full
payment for the corresponding warrants, for which prior irrevocable exercise notices have been
submitted, has been received. Accordingly, the Company has issued 168,274,625 Ordinary Shares to
RiverFort Global Opportunities PCC Ltd in respect of the warrant exercise announced on 26 April
2023 for which trading on AIM and the JSE is expected on 5 May 2023 and for which full payment
has been received by the Company from RiverFort Global Opportunities PCC Ltd (“Admission”).

It needs to be noted that the deferment referred to above, following consultation with the relevant
parties, does not affect any of the other actions / arrangements / agreements announced in the
Company’s RNS of 26 April 2023, particularly the Facility reprofiling outlined therein.

Total Voting Rights
Following Admission of the 168,274,625 Ordinary Shares to RiverFort Global Opportunities PCC
Ltd and 510,369,286 Conversion Shares, the Company will have 3,731,866,683 shares in issue. The
foregoing figure may be used by shareholders as the denominator for the calculations to determine if
they are required to notify their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.

                                             **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
 
 James Biddle     +44 207 628 3396                Beaumont Cornish Limited     Nominated Adviser
 Roland Cornish
 
 Claire Noyce     +44 20 3764 2341                Hybridan LLP                 Joint Broker
 
 Damon Heath      +44 207 186 9952                Shard Capital Partners LLP   Joint Broker
 
 Zainab Slemang   zainab@lifacommunications.com   Lifa Communications          Investor and Media
 van Rijmenant                                                                 Relations Consultant

Johannesburg
04 May 2023
Corporate and Designated Adviser
River Group

Date: 04-05-2023 09:00:00
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