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Kibo Subsidiary Announces TR-1 Notification of Major Shareholdings
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: 20 February 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces TR-1 Notification of Major Shareholdings
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
announces a TR-1 Notification by its subsidiary Mast Energy Developments PLC ('MED'), a UK-
based multi-asset owner, developer and operator in the rapidly growing flexible power market.
The proceeds from the disposal of the MED shares amounting to approximately £20,860 have been
used to reduce the outstanding balance on the Company's reprofiled bridge loan facility with
RiverFort Global Opportunities PCC Ltd. (refer Kibo RNS announcements of 11 and 26 April 2023).
Further details can be found in the full MED announcement, which is available below and at
med.energy:
–––––––––––––––––––––––––
Dated: 20 February 2024
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
Mast Energy Developments 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)
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 Kibo Mining (Cyprus) Limited
City and country of registered office (if applicable) Limassol Cyprus
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: 19/02/24
6. Date on which issuer notified (DD/MM/YYYY): 19/02/24
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights Total number of
through financial Total of both in %
attached to shares voting rights held in
instruments (total of (8.A + 8.B)
(total of 8. A) issuer (8.A + 8.B)
8.B 1 + 8.B 2)
Resulting situation
on the date on which
35.80% 35.80% 94,461,746
threshold was
crossed or reached
Position of previous
notification (if 37.70% 37.70%
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
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB00BMBSCV12 94,461,746 35.80%
SUBTOTAL 8. A 94,461,746
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Number of voting rights
Type of financial Expiration Exercise/ that may be acquired if % of voting
instrument date Conversion Period the instrument is rights
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of Exercise/ Number
Physical or cash % of voting
financial Expiration date Conversion of voting
Settlement rights
instrument Period rights
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
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 X
entity (please add additional rows as necessary)
% of voting rights
% of voting rights if it through financial Total of both if it
Name equals or is higher than instruments if it equals equals or is higher than
the notifiable threshold or is higher than the the notifiable threshold
notifiable threshold
Kibo Energy PLC
Kibo Mining (Cyprus)
35.80% 35.80%
Limited
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 Limassol, Cyprus
Date of completion 19/02/24
For further information please visit www.med.energy or contact:
Pieter Krügel info@med.energy Mast Energy Developments PLC CEO
Jon Belliss +44 (0)20 7399 9425 Novum Securities Corporate Broker
**ENDS**
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
Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is
authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's
Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities
under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the
London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other
persons for providing protections afforded to customers of Beaumont Cornish nor for advising them
in relation to the proposed arrangements described in this announcement or any matter referred to
in it.
Johannesburg
20 February 2024
Corporate and Designated Adviser
River Group
Date: 20-02-2024 03:00:00
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