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KIBO ENERGY PLC - Change of Auditors

Release Date: 05/03/2020 16:45
Code(s): KBO     PDF:  
Wrap Text
Change of Auditors

   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 March 2020
                              Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                                            Change of Auditors


   Kibo Energy PLC, the multi-asset, Africa focused, energy company, announces that it has appointed
   Crowe Ireland as its new statutory external auditors of the Company with immediate effect. Crowe
   Ireland is replacing Crowe UK LLP (“Crowe UK”) who has served as company auditors since 2018.


   Crowe Ireland and Crowe UK are both member firms of the Crowe International network of firms.
   Crowe UK resigned as the statutory external auditor of the Company following the exit of the United
   Kingdom from the European Union on 31 January 2020 and subsequently resulting in Crowe UK not
   being able to sign off on Irish registered companies.


   Louis Coetzee, CEO of Kibo said: "We are very pleased with the appointment of Crowe Ireland as
   company auditors. On behalf of the Kibo Board, I would also like to thank Crowe UK who has served
   the Company during the last 2 years."


                                                 **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
Jason Robertson          +44 (0) 20 7374 2212       First Equity Limited     Joint Broker

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

Isabel de Salis /        +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
05 March 2020
Corporate and Designated Adviser
River Group

Date: 05-03-2020 04:45:00
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