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

Release Date: 21/05/2020 10:00
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: 21 May 2020

                                     Kibo Energy PLC (‘Kibo’ or the ‘Company’)

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)i

 1a. Identity of the issuer or the underlying issuer
                                                                              Kibo Energy PLC
 of existing shares to which voting rights are
                                                                   17 Pembroke Street Upper, Dublin 2, Ireland
 attachedii:
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
 Non-UK issuer                                                                                                       X

 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)iii:

 3. Details of person subject to the notification obligation iv
                                                               Sanderson Capital Partners Limited & Related
 Name
                                                               Parties
 City and country of registered office (if applicable)         London, UK

 4. Full name of shareholder(s) (if different from 3.)v
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or
                                                               20 May 2020
 reachedvi:
 6. Date on which issuer notified (DD/MM/YYYY):                20 May 2020

 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 of
                                                    instruments (total of       (8.A + 8.B)
                                 (total of 8. A)                                                  issuervii
                                                        8.B 1 + 8.B 2)
 Resulting situation
 on the date on which
                                   19.25%                   0%                   19.25%           1,272,272,188
 threshold was
 crossed or reached
  Position of previous
  notification (if                 13.79%                         0%                        13.79%
  applicable)


8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of shares      Number of voting rights ix                           % 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)
ORDINARY
SHARES OF EUR
0.001                         245,000,000                    0%                        19.25%                       0%
ISIN:
IE00B97C0C31


SUBTOTAL 8. A                              245,000,000                                              19.25%


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                datex            Periodxi                          the instrument is
                                                                             exercised/converted.




                                           SUBTOTAL 8. B 1


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           datex                                                             voting rights
                                           Period xi             settlementxii




                                                                 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) issuerxiii

  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 xiv
  (please add additional rows as necessary)
                                                               % of voting rights
                              % of voting rights if it                                     Total of both if it
                                                               through financial
                               equals or is higher                                        equals or is higher
          Namexv                                            instruments 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 informationxvi



Place of completion       London, UK

Date of completion        20 May 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
21 May 2020
Corporate and Designated Adviser
River Group

Date: 21-05-2020 10:00:00
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