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

Release Date: 04/09/2020 10:35
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”)

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

       Dated: 04 September 2020

                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 existing shares to which voting rights are                                   Kibo Energy PLC
attached:

1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer

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): conversion of loan note into equity                                                          X

3. Details of person subject to the notification obligation
Name                                                          SPREADEX LTD

City and country of registered office (if applicable)         St Albans, UK

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
                                                              03/09/2020
reached:

6. Date on which issuer notified (DD/MM/YYYY):                03/09/2020

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              (8.A + 8.B)
                             (total of 8. A)                                                      issuer
                                                 (total of 8.B 1 + 8.B 2)
Resulting situation
                        7.51%                   0.00%                       7.51%                 1,392,802,477
on the date on which
threshold was
crossed or reached

Position of previous
notification (if           6.26%                      0.31%                        6.57%
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
                                (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)

 IE00B97C0C31               104,595,960                                          7.51%



 SUBTOTAL 8. A                               104,595,960                                               7.51%



 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/                         that may be acquired if
                                                                                                            % of voting rights
 instrument                 date             Conversion Period                 the instrument is
                                                                               exercised/converted.
 CFD/Spread Bet                                                                35,277                       0.00%



                                             SUBTOTAL 8. B 1                   35,277                       0.00%

 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            date                                                              voting rights
                                             Period                settlement




                                                                   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) issue                           X
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 (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
          Name                                            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       UK

Date of completion        03/09/2020

                                               **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
                                                   ETX Capital Limited        Joint Broker
Philip Adler            +44 (0) 20 7392 1494

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
04 September 2020
Corporate and Designated Adviser
River Group

Date: 04-09-2020 10:35:00
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