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KIBO ENERGY PLC - Appointment of Joint Broker

Release Date: 05/11/2019 16:20
Code(s): KBO     PDF:  
Wrap Text
Appointment of Joint Broker

   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: 05 November 2019

                             Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                                    Appointment of Joint Broker

   Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it has
   appointed ETX Capital as its Joint Broker with immediate effect.


   For further information please visit or contact:

Louis Coetzee             Kibo Energy PLC          Chief Executive Officer
                                                                             Corporate and Designated
Andreas Lianos            +27 (0) 83 4408365        River Group
                                                                             Adviser on JSE
Bhavesh Patel/Stephen
                          +44 20 3440 6800          RFC Ambrian Limited      NOMAD on AIM
Jason Robertson           +44 (0) 20 7374 2212      First Equity Limited     Joint Broker
Philip Adler              +44 (0) 20 7392 1494      ETX Capital Limited      Joint Broker
Isabel de Salis /                                                            Investor and Media
                          +44 (0) 20 7236 1177      St Brides Partners Ltd
Beth Melluish                                                                Relations Adviser

   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 Reserve Power generation market.

   05 November 2019
   Corporate and Designated Adviser
   River Group

Date: 05/11/2019 04:20:00
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