Wrap Text
Results of AGM
Kibo Mining 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”)
30 July 2018
Kibo Mining PLC (‘Kibo’ or the ‘Company’)
Results of AGM and Repositioning
Kibo Mining PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, is pleased to
announce that all resolutions were duly passed at its Annual General Meeting (“AGM”) held today. The AGM
was attended in person and by proxy by shareholders holding approximately 38% of the shares in Kibo
(624,792,973 shares issued and outstanding at the time of the AGM).
Included amongst the passed resolutions (specifically Resolution 8 - see Table below), the Company is
pleased to announce that the change of name to Kibo Energy Public Limited Company (“Kibo Energy PLC”
or “Kibo Energy”) has been approved by shareholders and will become effective upon receipt of confirmation
of name change from the Registrar of Companies (“Receipt”). Trading in the Company’s shares under the
new name is anticipated to take effect from the day following Receipt, with both to be announced in due
course. The Company’s TIDM will remain KIBO.
With three power projects in development in Tanzania, Botswana and Mozambique, the Company believes
that the new name, Kibo Energy completes the Company’s transformation from a resources company to a
full-fledged energy company, positioning itself as a strategic and leading energy provider in sub-Sahara
Africa.
The proxy voting details at the AGM are shown on the table below.
Resolution Summary Resolution Votes For & Votes Votes
Against Withheld
# Discretion
Number % Number % Number %
1. To receive, consider and adopt the 234,646,253 98.18 0 0 0 0
accounts for the year ended 31 December
2017 together with the Directors and
Auditors Reports thereon.
2. To re-elect Mr. Tinus Maree as a 234,569,126 98.14 77,127 0.03 0 0
Director.
3. To re-elect Mr. Wenzel Kerremans as a 234,646,253 98.18 0 0 0 0
Director.
4. To appoint Crowe Clarke Whitehill LLP as 234,579,227 98.15 67,026 0.03
auditors of the Company
5. To authorise the Directors to fix the 234,646,253 98.18 0 0 0 0
remuneration of the auditors.
6. That the Directors be and are hereby 234,476,746 98.10 169,507 0.07 0 0
generally and unconditionally authorised
to exercise all powers of the Company to
allot relevant securities up to a maximum
aggregate nominal value equal to the
nominal value of the authorised but
unissued ordinary share capital of the
Company from time to time.
7. That the Directors be and are hereby 234,604,746 98.16 41,507 0.02 0 0
empowered pursuant to Section 1023(3) of
the Companies Act, 2014 to allot equity
Securities for cash pursuant to the
authority conferred by resolution number 6
above.
8. That subject to the approval of the Registrar 234,604,746 98.16 0 0 41,507 0.02
of Companies, the name of the Company
shall be changed from “Kibo Mining Public
Limited Company” to “Kibo Energy Public
Limited Company”
9. That subject to the passing of Resolution 8 234,604,746 98.16 0 0 41,507 0.02
above the Articles and Memorandum of
Association of the Company be updated
All the resolutions approved, and they will be registered with the Companies Registration Office
(Ireland).
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no.
596/2014 ("MAR").
For further information please visit www.kibomining.com or contact:
Louis Coetzee info@kibomining.com Kibo Mining Plc Chief Executive Officer
Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated
Adviser on JSE
Ben Tadd / +44 (0) 20 3700 0093 SVS Securities Joint Broker
Tom Curran Limited
Jon Belliss +44 (0) 20 7399 9400 Novum Joint Broker
Securities Ltd
Andrew Thomson +61 8 9480 2500 RFC Ambrian NOMAD on AIM
Limited
Isabel de Salis / +44 (0) 20 7236 1177 St Brides Investor and Media
Priit Piip Partners Ltd Relations Adviser
Notes to editors
Kibo Mining PLC is a multi-asset, Africa focussed, 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 will benefit from its robust and experienced international blue-chip partnership network across its
project portfolio, which includes: SEPCO III (China), General Electric (USA); Tractebel Engineering
(Belgium); Minxcon Consulting (South Africa); ABSA / Barclays Africa); and Hogan Lovells International
LLP.
Johannesburg
30 July 2018
Corporate and Designated Adviser
River Group
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